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6301-6320 of 10484
Dividend : 22 Nov 2010; SGD 0.0025
hit high of 98.5 today..
go go go ..make money for daddy :)
ozone2002 ( Date: 30-Oct-2010 00:15) Posted:
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You are just simply impatient laaaa......there is no sign lor....it simply mean that it is the going rate for this stock.....that all..
Currently it is still trading in a competitive manner.....seller and buyer is only 1 bid away.
What you really need to watch is the dual listing in HKEX (1021)......it is currently out of peg. It is cheaper to buy this same stock in HK-SAR perhaps it is due to the IPO price of HK5.43.
And HK$ is US dollar....so also watch the US dollar carefully.
rickyw ( Date: 28-Oct-2010 14:38) Posted:
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CLOSE 98!!!
oh yeah baby..
come to me..
tell me ur name..:):):):):)
ozone2002 ( Date: 28-Oct-2010 11:09) Posted:
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midas holding up well for further upside..just coming up from oversold position
looking gd!
DYODD
Buy (Unchanged)Closing Price
S$0.97
Target Price
S$1.16(+19.6%)
Major Shareholders %
1Chen Wei Ping13.56
2JP Morgan Chase 9.54
3Chew Hwa Kwang9.09
Source: Bloomberg
Analyst
Toh Wei Kiong
( 65 65315440
FAX 65 65364435
* tohwk@phillip.com.sg
Web: www.poems.com.sg
MICA (P) 153/01/2010
Ref No: SG2010_0368
· Secured another contract worth Euro20m (about RMB187m) from Bombardier
· Option to purchase an additional 724 train cars
· Forecasting revenue of S$55.2m and net profit of S$13.2m for 3Q10
· Maintain Buy recommendation and fair value of S$1.16
Secured another contract worth Euro20m (about RMB187m) from Bombardier
Midas announced that it has clinched a Euro20.3m (RMB187m) contract from Bombardier to supply aluminium extrusion profiles and fabricated parts for the SBB double deck train project in Switzerland. In our earlier report, we mentioned that Midas is expanding its fabrication services due to its higher margins and they signed a letter of intent with Bombardier Sifang to provide fabrication services for a high speed rail train project in China. This contract marks another development in providing downstream fabrication services and it also includes an option for Bombardier to purchase profiles and fabricated parts for another 724 train cars worth about Euro33.7m(RMB310m) based on our estimation. Year-to-date contract win stands at RMB789m.
China high speed railway
The Shanghai-Hangzhou high speed line begins operations this week, bringing the length of China's high-speed rail network to 7,431 km - the longest in the world. According to the ministry, China will have a rail network of 110,000 km by 2012, 13,000 km of which will be high-speed lines. The plan includes a high-speed rail link between the capital, Beijing, and the financial center, Shanghai which is slated to open in 2012.
Forecasts for 3Q10
We are expecting Midas to announce another set of excellent results for the upcoming quarter (3Q10) on the back of higher capacity and strong order book. We are forecasting revenue to come in at S$55.2m and net profit of S$13.2m.
Valuation and Recommendation
We are maintaining our Buy recommendation and fair value estimate of S$1.16 as we think that China is likely to keep up its pace of building high speed railways to link the country and more contributions from international market. We are valuing Midas based on 21XFY11E (unchanged) estimated earnings of S$0.055. Midas is currently trading at 17.3X FY11E estimated earnings which is still below both its 5 years historical average (27X) and industry average (21X).
today midas baby ended well at the high of today's price..
looking for more upside to come..
SUPER DUPER OVERSOLD!!!
DYODD
ozone2002 ( Date: 28-Oct-2010 11:09) Posted:
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is this left right pocket or just want to let buyer buy with high price, Q 0.965 cannot finish, always there..
any sifus can explain what sign is this? because many times i stuck in this situation.
i have off load my stock, but just interesting to discuss here..
"shu shu you lian guo" i know what i'm doing..=)
thanks for the tip..
This baby need to break 0.975 with high volume...if not then will drop..if you notice the chart create double top...just my 2 cts
oversold can be extend oversold also..
ozone2002 ( Date: 28-Oct-2010 11:09) Posted:
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loaded up more @ 96.5
technically oversold counter..
DYODD..don't follow blindly..
ozone2002 ( Date: 28-Oct-2010 09:36) Posted:
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Really hope this counter can go up.
Wonder why the dual listing fail to lift the price. :(
times up...i have unload @0.965 
hopefully can drop 0.935 
ozone2002 ( Date: 28-Oct-2010 09:36) Posted:
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ozone2002 ( Date: 25-Oct-2010 09:27) Posted:
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