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6561-6580 of 10484
I don't like Midas for its unreasonable ups and downs. Whenever it must go up, it never and whenever it should come down it did. I threw at above 1.07/8 luckily.. FA this guy is not that bad, but what for? Look ar many other counters too, high in NTA but low in prices. Don't know when the ,market will become reasonable?
BE HAPPY........AFTER ALL, We are not living in the ideal world!kingong ( Date: 21-May-2010 00:21) Posted:
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stilll have..all kena burnt liao..cheaper than toilet paper...losing money these few days. go Mbs also lose...sian,
hw abt u?any good advice?
WLBO_BB ( Date: 20-May-2010 23:18) Posted:
| bro kingong... u still holding?? |
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stilll have..all kena burnt liao..cheaper than toilet paper...losing money these few days. go Mbs also lose...sian,
hw abt u?any good advice?
WLBO_BB ( Date: 20-May-2010 23:18) Posted:
| bro kingong... u still holding?? |
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bro kingong... u still holding??
closed below MA200, just like early Nov 2009.
this music video is even better....very sad song just like midas now...
http://www.youtube.com/watch?v=4pXrWkuqr5I&feature=related
http://www.youtube.com/watch?v=HDl3iUo__dY
Midas used to be my favourite counter.... make alot from it but recently lost alot from it also.... this song also used to be my favourite....
"Runaway train by Soul Asylum".... enjoy!
pharoah88 ( Date: 20-May-2010 11:27) Posted:
| Where are the railways and trains ? |
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Where are the railways and trains ?
Why is this counter not "
cheonging" today?
The market already "
cheonged"...
TP of $1.58 from OCBC. DBSV on early April issued Midas Visit Report with TP of $1.30.
The TP $1.58 is from which inst ?
Any other TP for MIDAS from other inst ?
tonylim ( Date: 07-May-2010 13:47) Posted:
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Time to buy ! TP : $1.58 liao
Summary: Midas Holdings’ (Midas) 1Q10 results were in line with expectations. Revenue accelerated 47.5% YoY to S$46.1m, gross profit gained 13.8% to S$15.0m, and net profit from continuing operations increased by 23.8% to S$9.9m. The group’s growth was driven by the aluminium alloy division which delivered a 49.7% growth in revenue to S$44.5m. Margins came under pressure as high raw material costs resulted in a 9.7ppt YoY decline in gross profit margin to 32.6%, but we see no cause for concern as our projections have factored in a decline in margins on the back of intensifying competition. Midas has several catalysts in the pipeline, including its impending Hong Kong secondary listing, as well as earnings growth fuelled by ongoing capacity expansion. The stock’s recent pullback enhances its attractiveness and our BUY rating remains intact. We rollover our valuations and raise our fair value estimate to S$1.58 (previously S$1.30). (Lee Wen Ching)
Bon3260 ( Date: 06-May-2010 17:28) Posted:
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
MIDAS HLDGS LIMITED |
| Company Registration No. |
200009758W |
| Announcement submitted on behalf of |
MIDAS HLDGS LIMITED |
| Announcement is submitted with respect to * |
MIDAS HLDGS LIMITED |
| Announcement is submitted by * |
Patrick Chew Hwa Kwang |
| Designation * |
Executive Director cum CEO |
| Date & Time of Broadcast |
06-May-2010 17:15:29 |
| Announcement No. |
00059 |
| The details of the announcement start here ... |
| Announcement Title * |
NEWS RELEASE - MIDAS ACHIEVES 16.6% INCREASE IN 1Q2010 PROFIT TO S$9.9 MILLION |
| Description |
| Please refer to the attachment. |
|
| Attachments |
Total size = 155K
(2048K size limit recommended)
|
|
|
|
|
Actually I expect the profit is definitely more than 9Mil. That's why the price never move much.
Since Midas got a lot project from China, their profit should be quite good. Anyway, I will loaded when it hit as low as 0.90.
Nvm , can always buy back as the price now is so low. I loaded more at 0.97 yesterday...
Anyway $9+ million profit per quarter not alot leh..
WLBO_BB ( Date: 07-May-2010 13:55) Posted:
| i sold everything then announce ...... |
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i sold everything then announce ......
Time to buy ! TP : $1.58 liao
Summary: Midas Holdings’ (Midas) 1Q10 results were in line with expectations. Revenue accelerated 47.5% YoY to S$46.1m, gross profit gained 13.8% to S$15.0m, and net profit from continuing operations increased by 23.8% to S$9.9m. The group’s growth was driven by the aluminium alloy division which delivered a 49.7% growth in revenue to S$44.5m. Margins came under pressure as high raw material costs resulted in a 9.7ppt YoY decline in gross profit margin to 32.6%, but we see no cause for concern as our projections have factored in a decline in margins on the back of intensifying competition. Midas has several catalysts in the pipeline, including its impending Hong Kong secondary listing, as well as earnings growth fuelled by ongoing capacity expansion. The stock’s recent pullback enhances its attractiveness and our BUY rating remains intact. We rollover our valuations and raise our fair value estimate to S$1.58 (previously S$1.30). (Lee Wen Ching)
Bon3260 ( Date: 06-May-2010 17:28) Posted:
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
MIDAS HLDGS LIMITED |
| Company Registration No. |
200009758W |
| Announcement submitted on behalf of |
MIDAS HLDGS LIMITED |
| Announcement is submitted with respect to * |
MIDAS HLDGS LIMITED |
| Announcement is submitted by * |
Patrick Chew Hwa Kwang |
| Designation * |
Executive Director cum CEO |
| Date & Time of Broadcast |
06-May-2010 17:15:29 |
| Announcement No. |
00059 |
| The details of the announcement start here ... |
| Announcement Title * |
NEWS RELEASE - MIDAS ACHIEVES 16.6% INCREASE IN 1Q2010 PROFIT TO S$9.9 MILLION |
| Description |
| Please refer to the attachment. |
|
| Attachments |
Total size = 155K
(2048K size limit recommended)
|
|
|
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
MIDAS HLDGS LIMITED |
| Company Registration No. |
200009758W |
| Announcement submitted on behalf of |
MIDAS HLDGS LIMITED |
| Announcement is submitted with respect to * |
MIDAS HLDGS LIMITED |
| Announcement is submitted by * |
Patrick Chew Hwa Kwang |
| Designation * |
Executive Director cum CEO |
| Date & Time of Broadcast |
06-May-2010 17:15:29 |
| Announcement No. |
00059 |
| The details of the announcement start here ... |
| Announcement Title * |
NEWS RELEASE - MIDAS ACHIEVES 16.6% INCREASE IN 1Q2010 PROFIT TO S$9.9 MILLION |
| Description |
| Please refer to the attachment. |
|
| Attachments |
Total size = 155K
(2048K size limit recommended)
|
MiDAS has all the potential train contracts and gOOd future ?
knightbridge ( Date: 06-May-2010 00:16) Posted:
Use rational thinking when buy stocks..
Correction meaning good time to accumulate.. Without correction market cannot run...
As long as midas is still making money with its day to day operations.. ( If the management is good they will hedge against euro if they are trading using alot of euro (for example)
see the future, 3 years later will midas be a bigger company...
Hyflux, Venture and a few of the counter used to be pennies stock... (Need years to mature, organic growth need time, cannot expected them to built 1 million train carriage overnight) |
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By the way, when playing the stock market, we are dealing with the market monster beast...
You have freedom of choice to treat the beast any way you like...
I treat the beast like it is a beast...
My staunch view is this:
Buying stocks randomly is the ultimate act of gambling...
Whereas selling at calculated points is the ultimate form of investment...
You are free to choose...
But I respect your experience and views too...
Laulan ( Date: 05-May-2010 14:00) Posted:
Whenever I "felt" the market is going to fall, I could short. If I did, I should have made much money already. But shorting a market makes it looks that I am gambling too much. So I refrain from any shorting so far. I don't like to gamble but I just like to invest one direction, buy first then sell, and not sell then buy. If I chose to short a share, I would contradict my own belief that shorting is a vice and a selfish, inconsiderate and sinful action. It has an ingredient of bad intention if not evilness to our fellow human beings. It has an implied dark meaning such as "make the bugger bankrupt, make the bugger bankrupt, make him lose, make him lose..kill him." Hahaha.
iPunter ( Date: 05-May-2010 06:57) Posted:
Sir, since you don't like this stock, you should be shorting it when it was high... |
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Use rational thinking when buy stocks..
Correction meaning good time to accumulate.. Without correction market cannot run...
As long as midas is still making money with its day to day operations.. ( If the management is good they will hedge against euro if they are trading using alot of euro (for example)
see the future, 3 years later will midas be a bigger company...
Hyflux, Venture and a few of the counter used to be pennies stock... (Need years to mature, organic growth need time, cannot expected them to built 1 million train carriage overnight)
