DIV a bit pathetic.....

rickyw      ( Date: 27-Oct-2010 17:23) Posted: expected drop to 0.93-0.94, i tough before can support 0.955, but seems cannot...dont worry i will come when 0.92-0.93 then sure chiong one. dividend also will distribute after financial report, this one must long2 wait (2-3mths time frame)

 

expected drop to 0.93-0.94, i tough before can support 0.955, but seems cannot...dont worry i will come when 0.92-0.93 then sure chiong one.

dividend also will distribute after financial report, this one must long2 wait (2-3mths time frame) 

 

Need some more announcements for new contracts, hope it will come soon!!!!

 

I think so too! Can consider to get some..

 

Midas oversold

vested 96c..

 

OCBC did not factor in the SGD appr recently.  The price is 91 cts based on S$1 to HKD$ 6.

The trading in HKEX is also out of peg with SGX pricing.  In HKEX MIDAS close at HK5.78 (96.3Scts)with thin trade. Not good......

I suggest stakeholder to add HKEX stockcode 1021 to track your asset.  There are 2 MIDAS listed in HKEX.......related ??

Since listing......long sell Q.  I think it is going to get a bit cheaper.

Bluevaio      ( Date: 14-Oct-2010 18:59) Posted: OCBC reduce their rating to HOLD. Midas Holdings: Positives are in the price Summary: Midas Holdings (Midas) has successfully concluded its global offering and secondary listing on the Stock Exchange of Hong Kong. The group has issued 220m new shares at approximately S$0.93 per share, raising net proceeds of S$187m, of which the bulk has been earmarked for expansion and potential acquisitions. In addition to its ongoing expansion (which will enlarge production capacity from 20,000 tonnes as of 2009 to 50,000 tonnes by 2010), Bloomberg has reported that Midas aims to raise its capacity to a further 70,000 tonnes by 1H12. We view capacity expansion initiatives positively as these form the premise of its earnings trajectory. While we remain positive on Midas’ growth prospects and strong financial position, we are turning cautious on the stock following its recent rally, and prefer to seek more attractive entry levels as we await the group’s 3Q10 results. We reduce our rating to HOLD on valuation grounds and adjust our fair value estimate to S$1.05 (previously S$1.29) to account for the 23% dilution arising from the share issue. We will turn buyers at S$0.95 and below.

 

OCBC reduce their rating to HOLD.


Midas Holdings: Positives are in the price

Summary: Midas Holdings (Midas) has successfully concluded its global offering and secondary listing on the Stock Exchange of Hong Kong. The group has issued 220m new shares at approximately S$0.93 per share, raising net proceeds of S$187m, of which the bulk has been earmarked for expansion and potential acquisitions. In addition to its ongoing expansion (which will enlarge production capacity from 20,000 tonnes as of 2009 to 50,000 tonnes by 2010), Bloomberg has reported that Midas aims to raise its capacity to a further 70,000 tonnes by 1H12. We view capacity expansion initiatives positively as these form the premise of its earnings trajectory. While we remain positive on Midas’ growth prospects and strong financial position, we are turning cautious on the stock following its recent rally, and prefer to seek more attractive entry levels as we await the group’s 3Q10 results. We reduce our rating to HOLD on valuation grounds and adjust our fair value estimate to S$1.05 (previously S$1.29) to account for the 23% dilution arising from the share issue. We will turn buyers at S$0.95 and below.

 

cash out next year.

gigi_388      ( Date: 10-Oct-2010 12:07) Posted: It's disappointing, I bought 1.06 long time ago,,, any new for this counter? should i still hold it ??

 

It's disappointing, I bought 1.06 long time ago,,, any new for this counter? should i still hold it ??

 

Any new development for this counter?

chinastar      ( Date: 07-Oct-2010 11:27) Posted: run like a rabbit after chinese new year. puntwcare      ( Date: 06-Oct-2010 13:49) Posted: Good start for HK player, bad for sin player.. think it will move north slowly later...  bull market till feb-mar2011.

 

run like a rabbit after chinese new year.

puntwcare      ( Date: 06-Oct-2010 13:49) Posted: Good start for HK player, bad for sin player.. think it will move north slowly later...  bull market till feb-mar2011.

 

Actually, this stock is current trading in a band range. If your holding is high, you can try trading play....sell/buy.  You can ave down without committing more funds.....

 

viromics      ( Date: 06-Oct-2010 13:03) Posted: It's disappointing, I bought 1.02 long time ago,,, wait and see,

 

Yup. I think is good chance to buy on dip..

 

Good start for HK player, bad for sin player..

think it will move north slowly later...  bull market till feb-mar2011.

 

Good opportunity to buy on dip..

 

It's disappointing, I bought 1.02 long time ago,,, wait and see, 

 

Not very likely, the sell Q is long and wide.  Sold mine @104 today.

1.000	2,178,000	321,000	1.010
0.995	956,000	1,093,000	1.020
0.990	737,000	1,723,000	1.030
0.985	390,000	2,649,000	1.040
0.980	351,000	3,776,000	1.050
0.975	85,000	2,281,000	1.060
0.970	229,000	1,291,000	1.070

Good luck....

iodium      ( Date: 06-Oct-2010 09:26) Posted: Will Midas show us the golden touch today?

 

Will Midas show us the golden touch today?