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MIDAS
Oct 25, 2014 8:39:46 GMT 7
Post by zuolun on Oct 25, 2014 8:39:46 GMT 7
Midas jumped 8.2% to S$0.33. It announced that its joint venture company, Nanjing SR Puzhen Rail Transport (NPRT) and Shanghai Alstom Transport Electrical Equipment (Shanghai Alstom), have jointly secured a metro train contract worth 897 million Chinese yuan. The contract is awarded by Nanjing Metro Infrastructure for the Nanjing Metro Ninghe Intercity Line Phase 1, with delivery scheduled between 2015 and 2016. Separately, Midas' subsidiary, Jilin Midas Aluminum Industries, has been awarded international and China contracts worth 335.5 million Chinese yuan. Approximately 256.8 million Chinese yuan worth of orders are for the supply of aluminum alloy extrusion profiles and fabricated parts to two major European train projects. The balance 78.7 million Chinese yuan contract is for three China' s metro train component parts. — 24 Oct 2014 Midas — A "Waterfall Decline" Chart Pattern, Interim TP S$0.26Midas gapped up and closed with an inverted hammer @ S$0.33 (+0.025, +8.2%) with 15.2m shares done on 24 Oct 2014. Immediate support @ S$0.285, immediate resistance @ S$0.35. Midas (weekly) — Classic MOD chart pattern
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Post by zuolun on Nov 8, 2014 11:18:04 GMT 7
Mexico derails Chinese bullet train deal days after contract agreed — 8 Nov 2014 Midas Vs DMX — These 2 China-based SGX-listed companies have the same modus operandi; keep getting plenty of contracts from the Chinese Government on a regular basis yet thin / no profit to be made. Dividends received from these 2 stocks won't by sufficient to offset the Capital loss as the longterm downtrend prevails. Midas — A "Waterfall Decline" chart pattern with 5 waves down, Interim TP S$0.26Midas closed with a black marubozu unchanged @ S$0.32 with 1.57m shares done on 7 Nov 2014. Immediate support @ S$0.31, immediate resistance @ S$0.345. Midas (weekly) — Classic MOD chart patternDMX (monthly Oct 2008 to 27 Oct 2014) — Classic MOD chart pattern Interim TP S$0.121, Next TP S$0.068
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Post by zuolun on Dec 4, 2014 6:26:00 GMT 7
Mexico derails Chinese bullet train deal days after contract agreed — 8 Nov 2014 Midas Vs DMX — These 2 China-based SGX-listed companies have the same modus operandi; keep getting plenty of contracts from the Chinese Government on a regular basis yet thin / no profit to be made. Dividends received from these 2 stocks won't by sufficient to offset the Capital loss as the longterm downtrend prevails. In technical analysis, a stock that has made a new low is a prime target for short, not long.Midas — Longterm downtrend intact, Interim TP S$0.23, Next TP S$0.193Midas closed with a hammer @ S$0.255 (-0.005, -1.9%) with 3.62m shares done on 3 Dec 2014. Midas (weekly) — Classic MOD chart pattern
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MIDAS
Jun 15, 2015 22:41:29 GMT 7
Post by sptl123 on Jun 15, 2015 22:41:29 GMT 7
Brother Zuolun, Midas closes at $0.34 ( + 0.01, +3.03%) with 7.965 million share traded on 15th May 2015. After the market closed, Midas announced the following: MIDAS’ JOINT VENTURE UNIT NANJING SR PUZHEN RAIL TRANSPORT WINS THREE CONTRACTS WORTH RMB2.1 BILLION IN THE PRCAfter making a Fibonacci retracement of 61.8%, Midas was at the potential reversal zone in the last few session. The contract win would be a good catalyst of confirmation that Midas is making a reversal. I also spotted a pattern of Midas which I think is a bullish channel but I do not know the name of it. Is the following a valided pattern?
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Post by zuolun on Jun 16, 2015 0:02:44 GMT 7
sptl123, Midas's chart pattern is the same as TigerAir.Midas ~ Bearish Gartley AB = CD Pattern Breakout, interim TP S$0.28Midas closed with an inverted hammer @ S$0.34 (+0.01, +3.0%) with 7.97m shares done on 15 Jun 2015. Immediate support @ S$0.325, immediate resistance @ S$0.345.
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MIDAS
Jun 23, 2015 12:07:22 GMT 7
Post by zuolun on Jun 23, 2015 12:07:22 GMT 7
Midas Holdings (MIDAS SP, NEUTRAL, TP: S$0.35), which derives 80% of its revenue from the railway sector, has incurred large capex over past 2-3 years to expand its aluminium extrusion capacity and build a new aluminium plates plant. The company experienced weak order inflows and deteriorating accounts receivables aided by slowing government investment in China’s railway sector during the same period. This increased the company’s net debt to CNY2,526m at end-2014 from just CNY432m at end-2011. The interest coverage ratio fell to 1.1x from 6.2x during the same period. At present, we expect the company’s interest coverage to improve and estimate an interest coverage ratio of 1.5x at end-2017 aided by completion of large expansion projects in 2015 and improving accounts receivable as China increases investments in railways. However, Midas’ earnings and balance sheet strength remain exposed to the potential rise in interest rates. 80% of the its CNY3,735m gross debt is exposed to variable-rates and carry interest rate that is 0%-30% above China central bank’s benchmark interest rate. We estimate that every 1ppt change in the company’s borrowing rate will result in 40% change in its FY16F EPS. (RHB Analyst: Shekhar Jaiswal) ~ 22 June 2015 Midas's chart pattern is the same as TigerAir.Midas ~ Bearish Gartley AB = CD Pattern Breakout, interim TP S$0.28Midas closed with a white marubozu @ $0.355 (+0.015, +4.4%) with 36.1m shares done on 22 Jun 2015. Immediate support @ S$0.325, immediate resistance @ S$0.365.
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MIDAS
Feb 6, 2016 12:11:35 GMT 7
odie likes this
Post by zuolun on Feb 6, 2016 12:11:35 GMT 7
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