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
It will be moving up by riding on the growth momentum of Chinese rail industry.
2013-09-02 00:06
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
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
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
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
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
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
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
Probably need to secure another major rail project.
Uptrend is expected soon.
2014-05-04 23:11
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
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
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
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
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
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
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
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
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
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
Just buy 10,000 $ $0.37.=$3,728.33 . If the price go down will buy again.
2015-05-06 15:24
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
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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CS Tan
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