lets hope that to be the case...and the management to not rest on their laurels but to continue keeping expenses low and bring up the net profit margin which is still around the low of 3-4%
I guess the situation for MIDAS is not dream. Large big orders for new lines and systems are already won by the major train company in China.
It is ONLY a matter of time where the sub-contractors of this main train company would be geting their contract
( Midas is one of this more qualify sub contractor) .
So its not a dream but more so when the reality will happen.
Further....recent set of results has demonstrated they are back to profit and these ORDERS will further help to improved their bottom line and help fill the new plant capacity. So current price of 31/31 has NOT factor this into it yet.
Unless there are other better qualify subcon inside if CHINA who can do this better,,,,,,if not I do think MIDAS is going to benefit much from China continue investment in their rail network .
Neither did anyone in the PRC nor Midas itself had said that it had won any contracts from the recent bullish developments announced by the PRC. But we seem to have very wild dreams, don' t we? How many chickens have we counted before the eggs are broken? Of course, with so much on offer, the potential is huge n cld be a game changer for Midas. But until they prove that they have regained that Midas touch, px will not likely go too far up. Maybe, capitalising on the impressive result, share px cld be pumped to 36 or even 40 (recall that it happened not too long ago), n frankly I' m trying to jump on the bandwagon too for a swift joy ride. But, for me, it' s just hit n run for now (ie, if some do land on my lap).
Good luck. That' s all I can say. Also, useful to remind us that, with nine mths gone, Midas' eps is < 0.7c SGD. Maybe that' s why share px in no hurry to chiong?
I guess the situation for MIDAS is not dream. Large big orders for new lines and systems are already won by the major train company in China.
It is ONLY a matter of time where the sub-contractors of this main train company would be geting their contract
( Midas is one of this more qualify sub contractor) .
So its not a dream but more so when the reality will happen.
Further....recent set of results has demonstrated they are back to profit and these ORDERS will further help to improved their bottom line and help fill the new plant capacity. So current price of 31/31 has NOT factor this into it yet.
Unless there are other better qualify subcon inside if CHINA who can do this better,,,,,,if not I do think MIDAS is going to benefit much from China continue investment in their rail network .
Neither did anyone in the PRC nor Midas itself had said that it had won any contracts from the recent bullish developments announced by the PRC. But we seem to have very wild dreams, don' t we? How many chickens have we counted before the eggs are broken? Of course, with so much on offer, the potential is huge n cld be a game changer for Midas. But until they prove that they have regained that Midas touch, px will not likely go too far up. Maybe, capitalising on the impressive result, share px cld be pumped to 36 or even 40 (recall that it happened not too long ago), n frankly I' m trying to jump on the bandwagon too for a swift joy ride. But, for me, it' s just hit n run for now (ie, if some do land on my lap).
I guess the situation for MIDAS is not dream. Large big orders for new lines and systems are already won by the major train company in China.
It is ONLY a matter of time where the sub-contractors of this main train company would be geting their contract
( Midas is one of this more qualify sub contractor) .
So its not a dream but more so when the reality will happen.
Further....recent set of results has demonstrated they are back to profit and these ORDERS will further help to improved their bottom line and help fill the new plant capacity. So current price of 31/31 has NOT factor this into it yet.
Unless there are other better qualify subcon inside if CHINA who can do this better,,,,,,if not I do think MIDAS is going to benefit much from China continue investment in their rail network .
Neither did anyone in the PRC nor Midas itself had said that it had won any contracts from the recent bullish developments announced by the PRC. But we seem to have very wild dreams, don' t we? How many chickens have we counted before the eggs are broken? Of course, with so much on offer, the potential is huge n cld be a game changer for Midas. But until they prove that they have regained that Midas touch, px will not likely go too far up. Maybe, capitalising on the impressive result, share px cld be pumped to 36 or even 40 (recall that it happened not too long ago), n frankly I' m trying to jump on the bandwagon too for a swift joy ride. But, for me, it' s just hit n run for now (ie, if some do land on my lap).
The key in no big orders Flow in despite massive projects announce..also no mention on interim dividends payment dates till now????WTF is the management doing? Waiting for Santa to instruct them? lol
Neither did anyone in the PRC nor Midas itself had said that it had won any contracts from the recent bullish developments announced by the PRC. But we seem to have very wild dreams, don' t we? How many chickens have we counted before the eggs are broken? Of course, with so much on offer, the potential is huge n cld be a game changer for Midas. But until they prove that they have regained that Midas touch, px will not likely go too far up. Maybe, capitalising on the impressive result, share px cld be pumped to 36 or even 40 (recall that it happened not too long ago), n frankly I' m trying to jump on the bandwagon too for a swift joy ride. But, for me, it' s just hit n run for now (ie, if some do land on my lap).
The key in no big orders Flow in despite massive projects announce..also no mention on interim dividends payment dates till now????WTF is the management doing? Waiting for Santa to instruct them? lol
The key in no big orders Flow in despite massive projects announce..also no mention on interim dividends payment dates till now????
WTF is the management doing? Waiting for Santa to instruct them? lol
Overall market sentiment is bad now due to paris attack
Big boys might not push up too much today in sea of red
Some are very worry hence keep pouring cold water. Good show on Monday.
Yes&hellip it will be great run up going for a higher-high level above $0.42 (@52W high)&hellip .!
Don' t think the PRC slowdown wld impact all stocks. On the contrary, the slowdown wld benefit some stocks becaause, like in the current PRC situation, the fiscal stimulus put in place to stoke the fire includes accelerated ramping up of infrastructural developments, such as the high-speed rail system. If Midas wins sufficient projects to shore up its profits in the medium term, px cld be very bullish. But for Midas, it' s just that the level of recent contract wins might not give the confidence that it is geared up to winning substantially more contracts going forward.
Above $0.50 is a bit difficult due to the slowdown in China economy but I' m sure the share price will go up to near $0.45 in the near future )
Above $0.50 is a bit difficult due to the slowdown in China economy but I' m sure the share price will go up to near $0.45 in the near future )
My target is above $0.50 .... Hope soon the dream come through !
Good news, 8 folds profits sure can gap up for a run and cross a great wall of 34.5c liao...! Let's cheers for Monday!
Net off minority interests in the previous corresponding qtr, NPAT actually jumped > 1000%. Impressive, no doubt. Put in perspective though, it' s coming in from a very low comparative base in the previous corresponding qtr. Rev up 27%, cost of sales up even higher (29%). Admin cost also up significantly (> 17%). Net margin still < 4%, n EPS at < 0.3c SG still pretty meagre. But those vested (I' m not) may be in for some excitement, come Monday cos BBs seem to like to have opportunities like this to pump up this stock. Do trade with care cos it may not last, n they may force px back as fast as they pump it up. In the longer term, the contracts have to come in (n so far, the contract flows have not been great) to help spread more rev among the fixed costs. This cld then translate into a higher net margin which, in turn, wld probably rock the px back to 40-50c. Good Luck to those vested. Do bear in mind though, if no big contract wins are forthcoming, probably not much significant px appreciation going forward.
Good news, 8 folds profits sure can gap up for a run and cross a great wall of 34.5c liao...! Let's cheers for Monday!
Good news, 8 folds profits sure can gap up for a run and cross a great wall of 34.5c liao...! Let's cheers for Monday!
I don't think he shot instead try to accumulate in Low price for the best of tmr.
All the bros who have been monitoring midas know that it is profitable just that by how much we do know. There is one who keeps talking down the counter, I guess he must have shorted quite abit...Monday should see more losses for him
All the bros who have been monitoring midas know that it is profitable just that by how much we do know. There is one who keeps talking down the counter, I guess he must have shorted quite abit...Monday should see more losses for him
