Midas    Last:0.192   -

Midas

Me too !!!

 

is this a good counter?

 

I certainly hope so!

New123      ( Date: 13-Dec-2010 16:29) Posted: Looks like it may test $1 soon..

 

Looks like it may test $1 soon..

 

yes, so sad..but i believe i can buy back cheaper than current price... no worries lar..

I need to clear some my shit portfolio first..midas ofcourse exclude. but my intention is playing contra only for this stock.

sold 94 cts has made some money to buy ipad already.. 

tonylim      ( Date: 13-Dec-2010 14:47) Posted: so sad you sold at 94 cents ... there is a strong  buy up at.955 rickyw      ( Date: 09-Dec-2010 16:59) Posted: sold 94 cts this morning..no power to climb..

 

RSI is above 50 now while MACD is green...think can expect more upside...

 

so sad you sold at 94 cents ... there is a strong  buy up at.955

rickyw      ( Date: 09-Dec-2010 16:59) Posted: sold 94 cts this morning..no power to climb..

 

sold 94 cts this morning..no power to climb..

 

So, what exactly is happening with this counter now?

 

for eg.. looking at 2006 & 2010 annual rpts, NTA for year FY2006 is S$0.6786 while double checking 2010 annual rpt, NTA for 2006 USD0.2157..

y uh?

 

my mistake! eyes kena paste stamps..

2006 & b4.. report in S$.. 2007 onwards report in US$....

 

Hi, what do u mean?

 

shld I be concerned if 2006 & 2010 shows discrepancy in Revenue huh ?? copy & paste oso cannot do properly

 

Kim Eng Stock call BUY and then, I buy from them. oops.

Greenbean      ( Date: 02-Dec-2010 11:03) Posted: hey folks. I just bought Midas. My counterparty is Kim Eng.  Whoa, they are selling after Stock Call to BUY?  Please check your counterparty and share info.  Thanks. bsiong      ( Date: 01-Dec-2010 11:48) Posted: Midas Holdings (MIDAS SP, $0.935, BUY, TP $1.15) – Midas has made the first move towards utilising the estimated $240m proceeds from its October 2010 Hong Kong dual-listing exercise, announcing plans to set up a second plant. Though still in the preliminary stages, we think the move will give a much-needed respite to investors buying into its long-term prospects. /KimEng/ /ireadipostedforsharing/

 

DMG recommend a BUY with Target Price of $1.20

 The news: Midas announced its plan to construct a new 30,000 tons production plant in Henan,

China. The new plant is its first outside the northeast province of Jilin, China, and will help the

Group to tap on opportunities for railway projects in the central and south of China. It will

increase total annual extrusion capacity to 80,000 tons by end-2012 (current: 50,000 tons).

Our thoughts: We note that the centrally-located Henan will be investing RMB60b for a 2,000km

inter-city railway network. In addition, the announced 30,000 tons expansion is higher than

Midas’ initial projection of 20,000 tons made in its HK-listing prospectus, and signifies

management’s optimism on the industry’s outlook. Investors will be looking out for new contract

wins in coming quarters to replenish its current RMB1.5b order book. Maintain BUY at TP of

S$1.20, pegged to 20x FY11F P/E.

Make love more, don't make more enemies 

 

Midas is still very weak while ADX is at 16 n the directional movements index are negatively placed .RSI which is also showing the weak trend is at 41 . Very strong resistance is at  98.5 cents

Greenbean      ( Date: 02-Dec-2010 14:23) Posted: Hello sifu,  Glad that you are back.  Can see the direction for Midas at this stage of 0.940?  Thanks. Bintang      ( Date: 24-Nov-2010 15:53) Posted: Until now Midas still stays below 94 cents

 

Kingong is right! Not to shower cold water! Despise lots of good news with new contract & whatsoever..don;t put so much hope on tis counter.

I sold mine recently b4 it dips further (after holding for abt 8 mths) & move on to others stock.. B4 listed in HK may b got hopes as it hits 1.07 on Sept 10. (the highest). Analyst had been rating this stock with high value all tis while...

 

Heh heh, now there are a few one lotter 0.945 Buyup.  Jia You.

Greenbean      ( Date: 02-Dec-2010 15:02) Posted: Hope you are not the one who buy up big-big at 0.95 to sell down 1 lotter, 2 lotter at 0.945 / 0.940 to drive price down. heh, heh. At your mercy, GoldBB. Hulumas      ( Date: 02-Dec-2010 11:13) Posted: That is what I want, I can buy at average lower cost price. (The lower the better when I start buying!

 

Hope you are not the one who buy up big-big at 0.95 to sell down 1 lotter, 2 lotter at 0.945 / 0.940 to drive price down. heh, heh. At your mercy, GoldBB.

Hulumas      ( Date: 02-Dec-2010 11:13) Posted: That is what I want, I can buy at average lower cost price. (The lower the better when I start buying!) Greenbean      ( Date: 02-Dec-2010 11:03) Posted: hey folks. I just bought Midas. My counterparty is Kim Eng.  Whoa, they are selling after Stock Call to BUY?  Please check your counterparty and share info.  Thanks.

 

The price now(0.94) coincide with the 61.8% retracement of the rise from 0.86 to 1.09. Moreover falling wedge usually suggest reversal. I think its worth a bet and I will go for it. Cut loss if it drops below 0.915. After all buying stocks is about betting. TA only helps to decide, not a fool-proof tool. Huat to everyone!

*Only my personal opinion.

Bluevaio      ( Date: 02-Dec-2010 12:40) Posted: Chart pattern suggest that this counter is forming a falling wedge(since mid Sept 10). Falling wedge suggest a reversal. Confirmation upon break out from this pattern,around 0.99-1.00 area, or lower depends on how long it takes to break-out. *Only my personal analysis.Ignore if u dun agree. Note: Falling wedge not necessary always reverse.