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6401-6420 of 10484
CHIONG AH!!!!!
Midas Holdings Buy S$0.90 , Bloomberg: MIDAS SP
Green lights all the way
Price Target : 12-Month S$ 1.21
By: Paul YONG CFA +86 21 6888 3372
· We visited associate company Nanjing Puzhen (NPRT) and met with
management for an update
· NPRT buzzing with activity, with order book in excess of RMB6bn and
gunning for more
· Midas’ core business expansion is on track, with order book >
RMB1.4bn underpinning visibility
· Maintain BUY, TP S$1.21 (20x FY10/11 PER).
NPRT was buzzing with activity when we visited, and was in the midst of
production to meet deliveries for several projects. Over the last year,
NPRT has won nearly RMB5bn worth of metro projects, with RMB3.9bn of
revenue that will accrue to it directly. NPRT currently has an order book
of around RMB6bn-7bn, to be delivered over the next few years. Also, NPRT
is bidding for more contracts; potential upcoming projects that NPRT could
be bidding for include Wuxi, Haerbin, Wuhan and Zhengzhou.
Core business expanding to meet growing orders. Meanwhile, Midas’ 3rd
aluminium extrusion line has been running since April, with the 4th slated
to enter into commercial production in 4Q10 and the 5th by 1Q11 which will
raise the Group’s annual production capacity to at least 50,000 tonnes per
annum from 20,000 tonnes in 2009. When fully installed, its three
downstream fabrication lines could boost annual revenue by another
RMB300m-400m. Currently, we estimate Midas’ order book to be around
RMB1.4bn-1.5bn, with potential for more orders at end 2010/early 2011 as
more rail-related contracts are handed out.
BUY, TP S$1.21. Driven by both core earnings and NPRT’s contribution,
Midas’ EPS is projected to grow at a CAGR of 27% from FY09-FY12F. We
maintain our BUY call on the stock with S$1.21 target price, based on 20x
FY10/11 earnings. HK-listed peers are trading at an average of 25x FY10
earnings and 19x FY11 earnings.
91.5 break out..!!!
vested 91.5 for quickie.
Dc16888,
Smtimes huge vol. doesn't mean BBs hv 跑路. BBs r smart of doing monkey show.
I'll buy if Midas falls 0.825. But I dun think pple'll sell me...
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its good fundamental, don't know why it's price goes lower day by day? blur liao.
freeme ( Date: 29-Aug-2010 18:44) Posted:
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i tink is pure techincal play. their fundamental still good. techincally it might goes down further bc sign of reverse not yet to be seen. Just wait.
Hi Bon, thks. so if see the big selling vols to determine bb 'run road'? Cheers.
Bon3260 ( Date: 27-Aug-2010 11:34) Posted:
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麦达斯控股
这股票自08年10月28日下试0.25元，并于该周每周一杆图中的“转向”讯号止跌回升，随即以五波走势上升。同年12月9日升至0.595完成第1波，去年3月3日回落至0.33元且于当天以“一日转向”讯号完成第2波。今年元月20日股价升至1.11元为第三波，接着下调至2月8日的0.905元为第4波，因此，估计第5波已于4月14日的1.17元结束，同时也完成A大波。估计目前正处B大波回扯，而5月25日的0.83元或为三波下调的(a)波，过后于6月21日回升至1.01元为(b)波，一旦(c)波穿下0.76元的价位，当有可观的跌幅了。
这股票自08年10月28日下试0.25元，并于该周每周一杆图中的“转向”讯号止跌回升，随即以五波走势上升。同年12月9日升至0.595完成第1波，去年3月3日回落至0.33元且于当天以“一日转向”讯号完成第2波。今年元月20日股价升至1.11元为第三波，接着下调至2月8日的0.905元为第4波，因此，估计第5波已于4月14日的1.17元结束，同时也完成A大波。估计目前正处B大波回扯，而5月25日的0.83元或为三波下调的(a)波，过后于6月21日回升至1.01元为(b)波，一旦(c)波穿下0.76元的价位，当有可观的跌幅了。
Bon3260 ( Date: 27-Aug-2010 08:47) Posted:
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go go midas.... !!! ^_^
Looking at the trade today, his "message" has been well taken into consideration
WeiQiQi ( Date: 27-Aug-2010 11:58) Posted:
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I think they would and should have more stimulus all the way till their Election.
Tanisha ( Date: 27-Aug-2010 14:24) Posted:
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there was a news that
- US likely to inject more stimulus package
- US does not likely to move into double dip reession
if this is true, more money likely to flood into Asia which would shoot up the markets. This is the bargain market, would be good to jump in now with a longer term perspective. What you guys think?
I too disagree for its fall to a level of 76c...lets see...ok to hold for longer term ;)
well ... have been sleeping for a while..
This counter is my favourite S Chips.
Vested heavily.
the 'report' from yesterday's newspaper is a regular technical reading column, and it is based on LT Wave Theory. As with all technical analysis, everyone can have his own interpretation where the Wave 1, 2, 3, 4 or 5.
It is not based on fundamental, therefore contracts or not is immaterial to the analyst.
If one buys on FA, then there is no cause for concern when a contradicting TA report surface...:-)
If Midas is consistently getting contract from China + they are expanding well. I dont see why the "expert" say it will dropped.
Unless he can see "Things" which no one can in the future? Or base on the chart (With many black candles)
Tanisha & Dc16888,
Dat expert said in Newspaper ydae dat "if" Midas has dropped till 0.740 - 0.760. It'll continue drop till 0.600+.
My view is now Midas muz hv support @ 0.825. If break, nxt support'll b 0.760. (u can ask Bintang 4 more infos)
Whether Midas has bad news or not, we muz c BBs hv 跑路 1st b4 bad news announced...
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Hello Bon, would like to seek ur opinion ? can share a bit? thks
Bon3260 ( Date: 27-Aug-2010 08:47) Posted:
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did this guy gave any reason for staged droppings?
An expert said in Newspaper ydae dat Midas'll hv stages of dropping. Tis expert muz b base on e chart.
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