MIDAS HOLDINGS

ZEN
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10 years 3 months ago #18720 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

just buy

anyhow buy anyhow win

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10 years 3 months ago #18722 by BetterPrice2013

Replied by BetterPrice2013 on topic MIDAS HOLDINGS

UBS, JPMORGAN, CIMB anyhow selling at 48.5 cents and 48 cents ... Don't know whether they will continue to anyhow sell tomorrow.

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ZEN
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10 years 3 months ago #18723 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

some people just anyhow say .. CIMB is the most bullish amongst many others

Midas's 3Q13 net profit topped our expectations by a mile on the back of robust sales and the strong contribution from Midas's associate, NPRT. Things are also looking brighter for its balance sheet, with inventory days and receivable days falling to one-year lows. Midas's 9M13 net profit was above our expectation, at 80% of our FY13 forecast. We raise FY13 EPS by 45% as we expect stronger earnings growth in 4Q13 from the recognition of new HSR contracts.

Maintain Outperform and target price of $0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11). New HSR contract wins is the key catalyst

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ZEN
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10 years 3 months ago #18724 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

since 2 years ago in Feb 2012 when UBS and JP morgan sold

MIDAS had surged up about 60% from low

They are no longer shareholders or at least not even in the top 20 shareholders of MIDAS

UBS and JP morgan is kicking themselves already

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10 years 3 months ago - 10 years 3 months ago #18727 by BetterPrice2013

Replied by BetterPrice2013 on topic MIDAS HOLDINGS

ZEN wrote: some people just anyhow say .. CIMB is the most bullish amongst many others

Midas's 3Q13 net profit topped our expectations by a mile on the back of robust sales and the strong contribution from Midas's associate, NPRT. Things are also looking brighter for its balance sheet, with inventory days and receivable days falling to one-year lows. Midas's 9M13 net profit was above our expectation, at 80% of our FY13 forecast. We raise FY13 EPS by 45% as we expect stronger earnings growth in 4Q13 from the recognition of new HSR contracts.

Maintain Outperform and target price of $0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11). New HSR contract wins is the key catalyst

I bought at those prices and CIMB was one of the sellers.
If you have bought a few lots at a time, you will know.
Maybe CIMB is not the main seller

Last edit: 10 years 3 months ago by BetterPrice2013. Reason: add more details

The following user(s) said Thank You: FairPerson

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ZEN
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10 years 3 months ago #18734 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

That was during those time 2 years ago

So sad for you

But I was the one spotted this undervalued gem - midas.. thanks to their selling

I loaded up cheaply at around 30cents and huat all the way

Now is also the time to grab

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