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WASHINGTON (CNN) -- Democrats and Republicans are " very close" to reaching a $3 trillion deal on the debt limit, Senate Minority Leader Mitch McConnell told CNN's " State of the Union" Sunday.
" We had a very good day yesterday," the Kentucky Republican said, adding that the two sides " made dramatic progress."
With the deadline to reach a debt ceiling agreement just two days away, congressional leaders and the White House are mulling parts of a tentative deal that would extend the debt limit through next year.
A Republican source close to the negotiations told CNN the goal is $3 trillion in savings, and that the deal would include a $2.4 trillion increase in the debt ceiling.
Just hours before, two sources familiar with the negotiations told CNN that the framework of a tentative deal to raise the nation's debt ceiling calls for up to $2.8 trillion in total deficit reduction over the next decade.
The agreement, still being negotiated by the White House and bipartisan congressional leaders, would allow the debt ceiling to be raised by enough to last at least through the end of 2012.
People are just guessing the next movement.. Let the mkt shows you the right direction...
Any reason?
nickyng ( Date: 31-Jul-2011 21:18) Posted:
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will test 52 wk low again tomor... gd luck !! :P
I suppose those who study charts may have a point. But please also remember charts do not tell the whole story. Like does the catrs take into account the RMB 3.3 billion worth of orders Midas got for the next three years.....
Also, I wonder what the charts said about Burlinton Santa Fe, the railway company Warren Buffet spent 44 billion buying before the news broke about Buffet buying it? Oh, yes, Warren Buffet did buy into a railway company did he not ?
Read his biography, The Snowman. He said he will never touch any airlines (he owns a private jet leasing company instead) but he loves railways.....
Midas is turning gold.
Bintang ( Date: 31-Jul-2011 16:01) Posted:
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As from Midas 's weekly chart , it formed a shooting star on 24/09/2010 . The trend had become weak n started to trend down all the way . By then reaching 14/01/2011 , it formed again another shooting star, weekly DIs were negatively placed n ADX started to rise . It ran down rapidly in the comimg weeks to break the symmetrical triangle on 02/02/2011. By measuring this formation , it would to reach 73 cents , but it reached 66 cents instead . And it rebounded from here to form a bearish rising wedge in the next few weeks reaching 83.5 cents . The poor sentiment had never changed , it broke out of this formation again on 21/04/2011 . If the measurement is accurate , it may to achieve a downside target at 44 cents .
Bintang ( Date: 28-Jul-2011 09:16) Posted:
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any update on the transport minister?
Long term this is a shinning stars. If you can hold for long term and is able to stomach the current volatility of the mkt sentiment then you may reap the benefit of gain of more than 30 - 50%...
Keep us the good work of sharing...
stockmarketmind ( Date: 31-Jul-2011 09:24) Posted:
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hey sir, i like your analysis too. Nice write up!
JustinQuek ( Date: 30-Jul-2011 23:43) Posted:
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i really like your analysis leh..so studious..VERY NICE!
keep up the good work in school and buy more Midas if you have money!
Just my 2 cents worth on my analysis .I am still studying accountancy.I believe that Midas Holdings has strong upside now.I been following this MIDAS stock for a year already. i do admit that i own 16000 shares of Midas my average value is 0.68
Cents to be frank.I cant buy more as i have use up all the cash reserves i have for this stock my other funds and stocks elsewhere .
0.44 |
First this is Midas assets per share. Share price wont go below this. Cause if u sell the whole company it will at least get back 0.44 cents per share
2nd .They have gotten a 3.3 RMB Billion Contract this is positive for the company as at least now the company has orders to fufill which means maximum capacity can be utilized.
3rd.The share is trading at a very low trading price
4th The PE ratio is low relative to its industry peers.
5th The reason for the drop in share price was basically due to railway collapse as well as railway scandal and the dual listing .This does not affect midas.
6th Yuan is more susceptible to appreciation.This will make conversion rates to SING more attractive.
7th The volume is extremely high on friday.This means its going to be a strong down or strong up on monday. Depending on the results for monday. The rest of the week is likely to follow this trend.
8th Analysis by DBS and other reputable financial institutions have given a 40-50 percent upside in share price.This is relatively large
Why is share price dropping?
People who short the shares will have more incentivetend to push it lower.
Expansion plans always lead price drop.But the long term will be good now due to the 3.3billionRMB contract
Market sentiment and US debt crisis
Conclusion on whether price will go up or down in the next
However they will succeed if it breaks 0.56 support level.This is due to market sentiment.If Midas does break 60 cents. An upward trend would be strong.
Do take care of the August financial report.It may not be a very good results.But at the rate that Midas just drop over the last year.Any bad report will be good .Because all the downside has been exaggerated and factored in to cause the stock to drop by near 50 percent of its original value
Further analysis that i prefer to leave out
are RSI
Rolinger bass ratio
EBITA ratio
EPS which is 0.04 now
and moving day average etc.
Midas will move either way on Monday.But i believe that even on a worst case to worst case ratio the balance sheet and financial statement should justify at least 0.65 cents at its fair price.for the short term.Long term has been buoyed by contracts.Long term 12 month F.V should be around 1.05cts from my opinion.
Midas Associate NPRT secures 2
metro contracts worth
RMB3.13bn.
Midas announced that its 32.5%-owned associate,
Nanjing Puzhen Railway Transport Co., Ltd has won 2
projects totalling RMB3.13bn. The first project is for the
supply of 46 train sets (or 276 train cars) for Nanjing
Metro Line 3 project for delivery between 2013 and
2015, valued at RMB2.15bn. The second is to supply 21
train sets (or 126 train cars) for the Nanjing Metro Line
10 project, valued at RMB980m, to be delivered from
2013 to 2014.
The firm orders from Nanjing are not surprising, as the
city is gearing up to host the youth Olympics in 2014.
Whilst obviously positive for Nanjing Puzhen, this win
also implies potential follow-on orders for Midas in
terms of aluminium train profiles of c. RMB100m worth
of orders or more (assuming Nanjing Puzhen buys the
profiles from Midas, which is very likely) so this
development is positive for Midas' core business as well.
Midas' share price has seen a substantial drop in recent
days following the unfortunate accident in China, but
we think the accident should not have a material impact
on the investment and development plan of high speed
railway in China (other than a renewed focus on safety).
Furthermore, Midas is also well positioned to win orders
from metro projects in China as well as overseas
projects.
We maintained our recommendation and target price
for Mida
dtd 29 July
BUY S$0.56 STI : 3,189.85
Price Target : 12-Month S$ 1.05
Analyst
Paul YONG CFA +65 6398 7951
paulyong@dbsvickers.com
Midas Holdings: Midas' associate wins RMB3.13b contracts
Midas Holdings (Midas) announced last evening that its 32.5% owned
associate, Nanjing SR Puzhen Rail Transport (NPRT) has clinched two
metro contracts totalling RMB3.13b. This would boost NPRT's order book
to ~RMB9b, with visibility now stretching to 2015. The first contract is to
supply 46 train sets to the Nanjing Metro Line 3 Project and is worth
RMB2.15b, with delivery expected to take place from 2013 to 2015. The
second contract, valued at RMB0.98b, is for the supply of 21 train sets for
the Nanjing Metro Line 10 Project delivery is expected to take place from
2013 to 2014. Notwithstanding this positive announcement, we reckon that
there could be a muted reaction from the market, given that (i) contribution
will only kick in from FY13 and (ii) murky near-term outlook and increasing
risk aversion surrounding China's railway industry following the high-speed
train collision last Saturday. We retain our estimates and BUY rating for
now with a fair value estimate of S$1.10 (20x FY11F EPS). (Wong Teck
Ching Andy)
Midas Holdings (Midas) announced last evening that its 32.5% owned
associate, Nanjing SR Puzhen Rail Transport (NPRT) has clinched two
metro contracts totalling RMB3.13b. This would boost NPRT's order book
to ~RMB9b, with visibility now stretching to 2015. The first contract is to
supply 46 train sets to the Nanjing Metro Line 3 Project and is worth
RMB2.15b, with delivery expected to take place from 2013 to 2015. The
second contract, valued at RMB0.98b, is for the supply of 21 train sets for
the Nanjing Metro Line 10 Project delivery is expected to take place from
2013 to 2014. Notwithstanding this positive announcement, we reckon that
there could be a muted reaction from the market, given that (i) contribution
will only kick in from FY13 and (ii) murky near-term outlook and increasing
risk aversion surrounding China's railway industry following the high-speed
train collision last Saturday. We retain our estimates and BUY rating for
now with a fair value estimate of S$1.10 (20x FY11F EPS). (Wong Teck
Ching Andy)
STI = Beer
Local cap = Red Bull
S-chip = Mouthwash
ChinaJishan = Shell 98
How about that ?
warrenbegger ( Date: 30-Jul-2011 00:43) Posted:
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Midas reverse after hitting an intra-day high of $0.595 on the back of positive news.
However the reversal is pretty weak in my opinion given the size of the contract won.
If this counter doesn't close above $0.60 (which is the 61.8% fibo retracement level) within the next few trading days, there could be a very good chance (80-90% in my opinion) for it to go down further and possibly make a new low (the recent low was $0.545 made on the 7/28).
Will be monitoring closely on next Monday.
Good Luck :p
Not all S-chip r bad, some r still ok, no risk no gain, that why dont whack too much to be safe. And dont hold for too long, depend which counter u hold too, some can hold long if u know which is the one. Playing S-chip is about how much u can lose in order to profit from its, and must cut cut if anything strange happening.
Ya, UE is not a S-chip and i like it too, havent vest due to some timing. And we should also give some dying S-chip a chance to rebound, is like a No Hero No Glory strategy :)
This morning i going to load some midas but when some hungry ghost eat all up to 0.585. I forget it liao, he thought i idiot ah (sorry if i shoot anyone). Wish those holding midas can goes up to 0.600+ next week, if not better dont hold too long, remember to set a sell order or cut lost point for this.
STI = Wife
Local cap = Girlfriends
S-chip = One Night Stand (so tio Aids is higher% )
ChinaJishan = GAY!!!
Salute ( Date: 29-Jul-2011 09:44) Posted:
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Was out playing golf and misssed the boat. Made an early Q at 0.56 but did not get. If was around would have bought up at the end.
Hope many people are listening to you so Monday got chance to buy back what I sold this morning.... Results out in August. I think it's gonna be good. You think just because of one train crash everybody in China stay at home and don't travel ? There are not enough planes in the world to replace the train trips the chinese takes. It's like saying because of 2008 crash all banks and property companies close down.
If anything, they will need to spend more money to buy better and newer trains. Those who are holding, just ignore the doomsayers and play your own strategies.
nickyng ( Date: 29-Jul-2011 16:58) Posted:
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of cos those GOONS that LONG lah!! :P
junction ( Date: 29-Jul-2011 16:28) Posted:
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Buy Q a cliff after 55
I click sell buy mistakenly click buy ..... maybe things is turning the other way, time will tell