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Sweet :) Midas won RMB152million (S$30.9million) contract!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_02D60C2591D8208448257650001A1475/$file/NewsRelease-HighSpeedTrainContract.pdf?openelementbaniel ( Date: 15-Oct-2009 13:27) Posted:
Singapore, October 15, 2009 – Mainboard-listed Midas Holdings Limited (“Midas”) (麦达斯控股有限公司) is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (吉林麦达斯铝业有限公司), has won its first contract from the second round of tender awarded for high-speed trains in the PRC. Valued at RMB152 million, this is Jilin Midas’ latest contract win for the inter-city high-speed train “CRH3-380” project in the PRC with speeds up to 350km/h.
Under the contract terms, Jilin Midas will supply 35 train sets (comprising 15 train sets of 16 train cars each and 20 train sets of 8 train cars each), equivalent to 400 train cars, to CNR Changchun Railway Vehicles Co., Ltd (“Changchun Railway”) (中国北车长春轨道客车股份有限公司). |
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let's see the share price now.
baniel ( Date: 15-Oct-2009 13:27) Posted:
Singapore, October 15, 2009 – Mainboard-listed Midas Holdings Limited (“Midas”) (麦达斯控股有限公司) is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (吉林麦达斯铝业有限公司), has won its first contract from the second round of tender awarded for high-speed trains in the PRC. Valued at RMB152 million, this is Jilin Midas’ latest contract win for the inter-city high-speed train “CRH3-380” project in the PRC with speeds up to 350km/h.
Under the contract terms, Jilin Midas will supply 35 train sets (comprising 15 train sets of 16 train cars each and 20 train sets of 8 train cars each), equivalent to 400 train cars, to CNR Changchun Railway Vehicles Co., Ltd (“Changchun Railway”) (中国北车长春轨道客车股份有限公司). |
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Singapore, October 15, 2009 – Mainboard-listed Midas Holdings Limited (“Midas”) (麦达斯控股有限公司) is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (吉林麦达斯铝业有限公司), has won its first contract from the second round of tender awarded for high-speed trains in the PRC. Valued at RMB152 million, this is Jilin Midas’ latest contract win for the inter-city high-speed train “CRH3-380” project in the PRC with speeds up to 350km/h.
Under the contract terms, Jilin Midas will supply 35 train sets (comprising 15 train sets of 16 train cars each and 20 train sets of 8 train cars each), equivalent to 400 train cars, to CNR Changchun Railway Vehicles Co., Ltd (“Changchun Railway”) (中国北车长春轨道客车股份有限公司).
I disagree with this "If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now".
In fact, if you had bought any shares during the Mar 09 period. Chances are that you would have made more than double. But that's due to the market sentiment and not the individual stock.
In fact, while I am holding Midas and still believe in it's ability to perform. Compared to my other shares, this is a laggerd and has been the one of the most disappointing counter. Vested @ 0.835
Read this from CNA forum, fyi:
sessam
Joined: 31 Aug 2006
Posts: 3071
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 Posted: Tue Oct 06, 2009 5:34 pm Post subject: |
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| Midas do not respond to good or bad news like others. It is a long term big fund stock not for short term trading. Go to her past movements she may go down after anouncements of contracts, but also note Midas has a characteristic of being depressed under accumulations and suddenly running up 5% to10% unexpectedly. This is a growth counter not for the gambling, see it as serious investment. If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now. If Midas is now $2 with a bigger float she will attract the like of Warren Buffett |
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richtan ( Date: 15-Oct-2009 12:05) Posted:
U need to have patience with this stock, take a look at my long-term and daily chart posting, but of course, I may be right or wrong, so dyodd n BOSAYOR.
keepnosecrets ( Date: 15-Oct-2009 12:02) Posted:
| After I bought, all my avg px around 0.87, this bugger refuses to let me make more than $10 profit! Just want to tie my capital. NNA!! |
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U need to have patience with this stock, take a look at my long-term and daily chart posting, but of course, I may be right or wrong, so dyodd n BOSAYOR.
keepnosecrets ( Date: 15-Oct-2009 12:02) Posted:
| After I bought, all my avg px around 0.87, this bugger refuses to let me make more than $10 profit! Just want to tie my capital. NNA!! |
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After I bought, all my avg px around 0.87, this bugger refuses to let me make more than $10 profit! Just want to tie my capital. NNA!!
That is the ancient philosophical view I like best, it is applying well to the investment field too!
risktaker ( Date: 14-Oct-2009 20:34) Posted:
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richtan, saw your post message in DOW thread that DOW will hit 10,000 in July. I will always read threads like DOW, DOW n STI and
STI cross 3000 ......and of course my favourite, GOLD's thread.......
Thanks those Forumers posting them in these threads every day diligently. :)
Ooops, sorry, I posted his article "
The Dow Will Hit 10,000 in 2009" in "DOW" thread, not "DOW and STI"richtan ( Date: 15-Oct-2009 09:15) Posted:
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Read the below post by Mark Skousen (he also forecast DOW hitting 10,000 way back in March which now materialised, read my post on his article in DOW and STI thread) on why TA is valuable rather than empty vessels noises, claiming this and tat.
How to Grab Significant Short-Term Profits From Technical Trading
by Mark Skousen, Advisory Panelist
Highlights in this issue:
- Why you should add a few technical tools to your investment arsenal.
- How to gauge investor sentiment, "tech-style."
- These two effective technical indicators point to three investments.
Dear Investment U Reader,
"The overwhelming majority of economic theories, market forecasts, trading strategies, investment systems, hot tips and sure-fire speculations never pan out." ~ Alexander Green
In the August 14 Investment U issue - "Why Most Investment Systems Simply Don't Work" - Alexander Green urged you to stick with the tried-and-true method of fundamental analysis.
He did so using this mantra: "There is only one thing that dictates where a stock will go: earnings."
I agree that earnings are the ultimate determinant of stock prices in the long run. But that's not the only way to gauge where a stock is headed next.
I firmly believe that technical analysis - volume, trading patterns and historical trends - can enhance your returns tremendously and can keep you out of trouble in many cases. Here's why...
How an Earnings-Based Investment Model Crippled Bank of America Buyers
The problem with taking a straight earnings approach to investing is that stock prices aren't determined by current or past earnings, but by future earnings in relation to the current price.
Throughout the past decade, for example, earnings looked great for Bank of America (NYSE: BAC). In June 2008, it earned a record $3 billion. You'd have made a bundle of money investing in BAC during the new millennium. Factoring in rising dividends, stock splits and share price appreciation, you'd have tripled your money.
But over the next year, Bank of America's earnings plummeted, and by the end of 2008 it had lost $2.3 billion. The stock followed, collapsing from $50 to under $3 a share, wiping out all of the previous eight years' worth of profits (although the stock has since rebounded to $17 a share).
By time the bank announced a sharp drop in earnings, the price was way down - and investors who bought based on earnings had lost their shirts.
So how does one anticipate an earnings collapse like that?
Use Technical Analysis to Prevent Pain - And Profit
Needless to say, sound economic analysis doesn't hurt. Many economists (including our own Alex Green) predicted a real estate collapse and the subsequent financial trouble.
But using technical and historical trend analysis can also prove extremely helpful in improving your investment results.
For example, many technical analysts have fared extremely well over the past decade (and more), using chart patterns, volume and historical trends. And investors like Bert Dohmen, Jim Dines and Dennis Slothower profited from major trends in commodities, stocks and foreign currency, while avoiding most of the financial crises in 2008, because they used an advanced version of technical analysis.
Here are two other simple tools that have proven very effective...
- The 200-Day Moving Average: Developed by Doug Fabian and his father Dick, this system has worked well for over 40 years, with only a few whipsaws. It was effective in both keeping investors out of the market during 2008 and getting them back into the market now.
- The New Highs/New Lows Index: This divides the number of stocks hitting new highs each day by the number of stocks hitting new lows. I've illustrated this on the red line in the chart below and it has worked especially well over the years.
If you used these two technical tools together, you'd have got out the stock market in October 2007 and not re-entered until April this year - without being whipsawed back into the market. Not bad.
Chart: http://www.investmentu.com/images/iu082709chart.gif
Gauging Investor Sentiment... Tech-Style
Put simply, technical analysis isn't a crystal ball, but it's a good way to measure the psychology of the market.
When new highs and new lows are at all-time highs, it suggests a strong bullish trend. Conversely, if the indicator is at an all-time low, it signals incredible pessimism.
The new highs/new lows indicator gave a sell signal in October 2007 and a buy signal in April 2009 it's still bullish.
According to the chart, the market is headed higher, so investors should consider several choices...
- Buy an ETF (exchange-traded fund) such as SPDRs (NYSE: SPY), which tracks the price and yield performance of the S&P 500 index.
- Buy a five-star, no-load mutual fund such as the Janus Triton Fund (JATTX).
- Buy individual stocks, such as Bank of America (NYSE: BAC).
Of course, technical traders use a variety of ratios, indicators and charting patterns to make their buying and selling decisions. Their systems are never perfect because human action is not always predictable, but human behavior and the herd instincts are sometimes quite apparent and experienced traders can make a great deal of money and avoid the worst of bear markets.
Good trading - AEIOU,
Mark Skousen
risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
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|
Read the below post by Mark Skousen (he also forecast DOW hitting 10,000 way back in March which now materialised, read my post on his article in DOW and STI thread) on why TA is valuable rather than empty vessels noises, claiming this and tat.
How to Grab Significant Short-Term Profits From Technical Trading
by Mark Skousen, Advisory Panelist
Highlights in this issue:
- Why you should add a few technical tools to your investment arsenal.
- How to gauge investor sentiment, "tech-style."
- These two effective technical indicators point to three investments.
Dear Investment U Reader,
"The overwhelming majority of economic theories, market forecasts, trading strategies, investment systems, hot tips and sure-fire speculations never pan out." ~ Alexander Green
In the August 14 Investment U issue - "Why Most Investment Systems Simply Don't Work" - Alexander Green urged you to stick with the tried-and-true method of fundamental analysis.
He did so using this mantra: "There is only one thing that dictates where a stock will go: earnings."
I agree that earnings are the ultimate determinant of stock prices in the long run. But that's not the only way to gauge where a stock is headed next.
I firmly believe that technical analysis - volume, trading patterns and historical trends - can enhance your returns tremendously and can keep you out of trouble in many cases. Here's why...
How an Earnings-Based Investment Model Crippled Bank of America Buyers
The problem with taking a straight earnings approach to investing is that stock prices aren't determined by current or past earnings, but by future earnings in relation to the current price.
Throughout the past decade, for example, earnings looked great for Bank of America (NYSE: BAC). In June 2008, it earned a record $3 billion. You'd have made a bundle of money investing in BAC during the new millennium. Factoring in rising dividends, stock splits and share price appreciation, you'd have tripled your money.
But over the next year, Bank of America's earnings plummeted, and by the end of 2008 it had lost $2.3 billion. The stock followed, collapsing from $50 to under $3 a share, wiping out all of the previous eight years' worth of profits (although the stock has since rebounded to $17 a share).
By time the bank announced a sharp drop in earnings, the price was way down - and investors who bought based on earnings had lost their shirts.
So how does one anticipate an earnings collapse like that?
Use Technical Analysis to Prevent Pain - And Profit
Needless to say, sound economic analysis doesn't hurt. Many economists (including our own Alex Green) predicted a real estate collapse and the subsequent financial trouble.
But using technical and historical trend analysis can also prove extremely helpful in improving your investment results.
For example, many technical analysts have fared extremely well over the past decade (and more), using chart patterns, volume and historical trends. And investors like Bert Dohmen, Jim Dines and Dennis Slothower profited from major trends in commodities, stocks and foreign currency, while avoiding most of the financial crises in 2008, because they used an advanced version of technical analysis.
Here are two other simple tools that have proven very effective...
- The 200-Day Moving Average: Developed by Doug Fabian and his father Dick, this system has worked well for over 40 years, with only a few whipsaws. It was effective in both keeping investors out of the market during 2008 and getting them back into the market now.
- The New Highs/New Lows Index: This divides the number of stocks hitting new highs each day by the number of stocks hitting new lows. I've illustrated this on the red line in the chart below and it has worked especially well over the years.
If you used these two technical tools together, you'd have got out the stock market in October 2007 and not re-entered until April this year - without being whipsawed back into the market. Not bad.
Chart: http://www.investmentu.com/images/iu082709chart.gif
Gauging Investor Sentiment... Tech-Style
Put simply, technical analysis isn't a crystal ball, but it's a good way to measure the psychology of the market.
When new highs and new lows are at all-time highs, it suggests a strong bullish trend. Conversely, if the indicator is at an all-time low, it signals incredible pessimism.
The new highs/new lows indicator gave a sell signal in October 2007 and a buy signal in April 2009 it's still bullish.
According to the chart, the market is headed higher, so investors should consider several choices...
- Buy an ETF (exchange-traded fund) such as SPDRs (NYSE: SPY), which tracks the price and yield performance of the S&P 500 index.
- Buy a five-star, no-load mutual fund such as the Janus Triton Fund (JATTX).
- Buy individual stocks, such as Bank of America (NYSE: BAC).
Of course, technical traders use a variety of ratios, indicators and charting patterns to make their buying and selling decisions. Their systems are never perfect because human action is not always predictable, but human behavior and the herd instincts are sometimes quite apparent and experienced traders can make a great deal of money and avoid the worst of bear markets.
Good trading - AEIOU,
Mark Skousen
risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
risktaker ( Date: 14-Oct-2009 11:21) Posted:
| later u will see midas cheong :) |
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Below is my long term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
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Thought of buying 10 lots, but after studying that MA55 is getting closer to MA21 from the bottom, it looks like MA55 will cut MA21 from the bottom in about a month's time, so wait and see. |
Have forgotten about the above post. Got interested then bcos Kevin has mentioned in his blog. After more than 2 months, MA55 still did not cut MA21 from bottom, getting very close and running parallel.
Be a man (oops, maybe u are not a man, a lady) or lady of honour and integrity to gain ppl's respect
richtan ( Date: 14-Oct-2009 12:23) Posted:
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Hello,
Where is your integrity, man, u mentioned u will not comment anymore on Midas n now u eat your own words n back here again to comments, see your earlier post below:
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dont worry will never comment on this midas ever. bye |
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risktaker ( Date: 14-Oct-2009 19:26) Posted:
if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want. That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us. Anyway Huat la ah.
risktaker ( Date: 14-Oct-2009 11:21) Posted:
| later u will see midas cheong :) |
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if u listen ur making $$ already and when i say it will fall did it fall ? Sell High Buy Low thats what you want.
That's the most important. WOW that must be hard :P Posting and drawing lines which anyone can do it lol. Go Check Dow thread what did i say about STI today, and I did hint again and again.
Sigh... like i say average trader will never understand people like us.
Anyway Huat la ah.
risktaker ( Date: 14-Oct-2009 11:21) Posted:
| later u will see midas cheong :) |
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Hi frnrf2004,
I m a perfectionist by character n enjoys trimming wild weeds.
Good luck n cheers, lets HUAT together.
frnrf2004 ( Date: 14-Oct-2009 17:32) Posted:
Hi richtan jus ignore him. u should know i,m referring. good luck & cheers
Bintang ( Date: 14-Oct-2009 17:26) Posted:
| Yes , I fully agreed . Mr. richtan , do not bother by nuisance comments , u have done a great job which we have witnessed . |
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