Midas Holdings Ltd

SGX (SGD): Midas (5EN)

Last Price

0.192

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0

Overview

Avg Volume (4 weeks)

0

4 Weeks Range

0.00 - 0.00

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

0.00 - 0.00

52 Weeks Price Volatility (%)

0.00%

Previous Close

0.192

Open

0.00

Bid

0.00 x 0

Ask

0.00 x 0

Day's Range

0.00 - 0.00

Trading Volume

0

News and Blogs

No result.

Company Profile

Sector: Manufacturing

Sector: Manufacturing

Description:

Midas Holdings Limited is a Singapore-based investment holding company. The Company's principal activities include the manufacture of aluminum alloy extruded products for use in transport, power and other industries, and polyethylene (PE) pipes for gas and water distribution networks. The Company's segments include Aluminium Alloy Extruded Products Division, PE Pipe Division, and Aluminium Alloy Plates and Sheets Division. Its Aluminium Alloy Extruded Products Division is engaged in the manufacturing and sale of aluminum alloy extrusion products for the passenger rail transportation sector in the People's Republic of China (PRC) and international markets. Its PE Pipe Division is engaged in the manufacturing and sale of polyethylene pipes. It manufactures various parts required in a piping network, including pipes, joints and fittings. The Aluminium Alloy Plates and Sheets Division is engaged in the manufacturing and sale of aluminum alloy plates and sheets.

Discussions
Be the first to like this. Showing 40 of 43 comments

silvermansac

what the f analyst always wrong story. es-special ocbc

2012-07-09 17:10

631733

when can this counter move upward

2013-07-29 00:59

Jincheng

It will be moving up by riding on the growth momentum of Chinese rail industry.

2013-09-02 00:06

selamba

up..up...upp

2013-10-18 17:04

dicklinglk

still crawling..... inspite of some recent news.

2014-03-21 19:27

singsong

many think Midas PE is very high
Lim & Tan on 19 march 2014 think based on consensus estimates
the stock is currently 17x FY14 and 13xFY15 P/E

2014-03-21 20:05

BHSL

PE & Forward PE and growth are intricately linked. Midas is "growth" company in sea of opportunities within its industry. It is really a question whther they can win big and fat contracts and still manage to maintain good margins i.e. profits.

2014-03-24 10:39

248780

will it collapse like last time i bought those chinese companies??

2014-03-25 10:52

BHSL

Midas not a Chinese company per se, it is Singapore company with extensive business operations in China.
When it is mismanaged, any company can collapse or lose its value regardless whether it is Chinese or Singapore company.

2014-03-25 14:50

248780

BHSL, thank you for your good info

2014-03-25 15:26

Feler Sed

Post removed.Why?

2014-04-01 17:09

ekomuwa

support at 0.425, moved up to 0.44 now...upside potential to 0.47????

2014-04-03 08:31

BHSL

up +3.41 % 0.455 +0.015

2014-04-03 10:46

ekomuwa

Volume very high this morning....flying now???

2014-04-03 11:52

ekomuwa

vol traded on 3 April was 16.87 Mil, up 3.41% ( + 0.015), today expect TP??? time to go in???

2014-04-04 07:42

dicklinglk

Average TP at $0.690 - gonna be quite a long drive ......

2014-04-22 21:31

ekomuwa

Midas since 4 Apr hovering between 0.465 and 0.48. next support around 0.445, resistance at 0.49.....this stock is looking for direction now....wait and see.....where it will go.

2014-04-23 07:39

dicklinglk

Looking forward to the uptrend .... long overdue.

2014-04-23 13:48

lsngee

Midas Holdings Limited's subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won RMB146 million worth of contracts for high-speed train car body components from CNR Changchun Railway Vehicle Co., Ltd. For the latest contracts, Jilin Midas will supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds up to 350km/hr. Slated for delivery in 2014, these contracts are expected to contribute positively to Midas' financial performance for the financial year ending December 31, 2014...

2014-04-29 21:58

lsngee

Midas Holdings Limited's subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won RMB146 million worth of contracts for high-speed train car body components from CNR Changchun Railway Vehicle Co., Ltd. For the latest contracts, Jilin Midas will supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds up to 350km/hr. Slated for delivery in 2014, these contracts are expected to contribute positively to Midas' financial performance for the financial year ending December 31, 2014...

2014-04-29 21:59

BHSL

The news apparently has no impact on share price.

2014-05-02 08:45

dicklinglk

Probably need to secure another major rail project.

Uptrend is expected soon.

2014-05-04 23:11

ekomuwa

BBs suppressing price....descending triangle forming with resistance at 0.445 ~ 0.450, support at 0.425, may go down to test 0.425 before rebounce...do your own study first before acion....

2014-07-23 08:27

maxxcom

Put aside the BBs....
Let's look into the FA again... any expert can offer a summary ? In particular:

1) Is it in long term debt or suffering any now?
2) Is it cash rich?
3) What is or any book order for the next 3~5 years?
4) What is the growth potential NOW?
5) Any other current risk factors?

Think need to satisfy above then worry about TA next for the best entry or exit point...

2014-07-24 10:43

ekomuwa

In http://www.midas.com.sg/ir/index.html can provide answer 1) to 4), but you will need to read carefully and between the lines. Please help extract the info and share here if you have times. Let us see what happen when we go down the time tunnel....in TA, price discount everything....no 5) risk factor? yes, big players can play OUT small players, this is the fact, so go along with them not against them.

2014-07-25 07:19

ekomuwa

The descending triangle formed and was broken down. Now heading south towards 0.38 cts. May test 0.35 or even 0.28 before rebound. Do our due diligence before taking up position to invest/trade.

2014-08-22 21:21

Jincheng

It is really a mistake to invest in this stock. "Midas"="买的死”

2014-08-25 10:13

ft80

i have just bought last friday...:(

2014-08-25 10:27

ekomuwa

If you use CFD to short, you are laughing all the way to the bank.................in either side, be on the right side.......

2014-08-27 07:52

Steven Lam

If you intend to invest this stock you money must able to hold for as least 1 to 3 years. When most people loss money or give up. The big fish will start to step in. So, be patience and you will be the winner.

2014-11-17 10:14

genesis

The Edge Markets reported today China Railway Signal the country's biggest rail traffic control systems plan to raise US$2B in HK ..... Midas full steam ahead yay, may you reach your former glory days of $0.5/0.6 per share within this year

2015-01-14 16:46

sentimentrader

Still not bullish yet..

2015-01-20 12:04

Steven Lam

This counter start to bullish. be alert....

2015-01-26 19:18

sentimentrader

China Govt pushing for Railway this year, as announced by XJP. Also this week is roadshow for the merged entity of CNR ans CSR. Midas Chart showing a reversal in the making.

2015-01-29 13:32

Steven Lam

Just sell at $0.395 and profit making $4,100 within 5 months. Will buy back if the price drop around $0.36 - $0.37

2015-04-27 17:45

Stock Analyst Ayush

Post removed.Why?

2015-05-05 14:34

Steven Lam

I have a secret tool to trace. Trust me sure up...don't worry it will go
higher within two months. Good Luck.

2015-05-06 15:04

Steven Lam

Just buy 10,000 $ $0.37.=$3,728.33 . If the price go down will buy again.

2015-05-06 15:24

Steven Lam

Some good tip for the following counter will bullish anytime, good luck.
1)Midas buy below $0.38 2)Vard buy below $0.64
3)Yangzijiang buy below $1.43

Yesterday i have bought Midas 10,000 @$0.37.Today I buy Vard 5,000 @$0.625 and Yangzijiang buy 5,000 @$1.43

Remark: If the ST index still can remain at 3,400-3450.

2015-05-08 21:54

Steven Lam

Yesterday i have bought Midas 10,000 @$0.37.Today I buy Vard 5,000 @$0.625 and Yangzijiang buy 5,000 @$1.44

2015-05-08 22:13

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