MIDAS HOLDINGS

ZEN
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10 years 1 month ago #19340 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

Yes ..100% of all analysts are still bullish

Just take a look at kevin scully article on midas abt 2 weeks ago on nextinsight

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Rock
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10 years 1 month ago #19342 by Rock

Replied by Rock on topic MIDAS HOLDINGS

MIDAS: Target Price By DBS, OCBC & CIMB Since October 2013

10/12/13 (49cts) - Target 64cts/Buy (DBS)
09/12/13 (49cts) - Target 60cts/Buy (DBS)

22/11/13 (47cts) - Target 65cts/Buy (OCBC)
18/11/13 (49cts) - Target 67cts/Buy (OCBC)
15/11/13 (49cts) - Target 67cts/Outperform (OCBC)

22/10/13 (47.5cts) - Target 74cts/Outperform (CIMB)

Today Midas still trading at 45 cts lower than the actual price at the time of their recommendation.

All analyst are still bullish ....100% ??????

Midas is not cheap, trading above 50x PE and yield of about 1% is not for value investors but for traders.

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ZEN
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10 years 1 month ago #19343 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

ALOT OF HEAVY ACCUMULATION AT 45c for many days already

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Chacha
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10 years 1 month ago #19347 by Chacha

Replied by Chacha on topic MIDAS HOLDINGS

High PE is a deterent.
Still considering. But 45 cents seem like a low. Holding onto some lousy bluechip like Capital Land. Hoping to make some quick buck from smaller caps.

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ZEN
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10 years 1 month ago #19424 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

MIDAS WINS RMB71.9 MILLION WORTH OF CONTRACTS FROM CNR
CHANGCHUN

- First contract for the supply of aluminium alloy extrusion profiles for 228 train cars to Shenzhen Metro Lines 2 and 5

- Second contract for the supply of aluminium alloy extrusion profiles for 144 train cars to Wuhan Metro Line 4

- For delivery from 2014 to 2015

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ZEN
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10 years 1 month ago #19428 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

21 Mar 2014

The National Development and Reform Commission (NDRC), China's main economic planning agency, recently announced that it has approved five railway construction projects with total investment pegged at 142.4 billion yuan (US$22.85 billion)

Funds for four of the projects will be sourced from loans borrowed by the China Railway Corporation, the Ministry of Transport and the provincial government where the railway is located, as well as from several banks including the World Bank and China Development Bank.

An analyst at China International Capital Corporation told Shanghai's China Business News that the government's urbanization drive will benefit from railways connecting cities with populations of at least 200,000 with high-speed rail networks for cities of over 500,000 people, which will ensure that the railway sector receives stable investment in the long term.

In addition, domestic demand for railway infrastructure and equipment has posted a better outlook and the export sector is also reviving gradually.

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