Thank you Zen, I had better go grab a copy of The Edge. Having said that, I am expecting a sharp double-digit (>50%) fall in net profit in the coming 2Q result. Can't be helped. Will the stock price be strong and will the market look beyond the 2Q result? Let's hope so.
It will probably take a few months before Midas gets a fresh hi-speed train contract, cos it's not a direct bidder. The stock price might drift sideways from here at 37 cents, as people take profit and on lack of news catalyst. The 2Q profit figure will be low. Just my 2 yuan worth. I would be keen to buy on weakness.
Zen , you are a good cheerleader for Midas. I think it was you who first highlighted Midas in this forum. At that time, the price was a bit high at 40-45 cents???? My friends decided to buy in at 30-33 after doing some DD
actually on the contrary you should be more focus about the huge prospect from China's MRT / METRO rail business currently only 13 cities with MRT lines and they are still expanding current lines . CHina now got 30 cities cleared for building MRT ; with possibilities to go up to 200 cities Do you know the huge opportunity ahead for MIDAS to rally ?
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[garl 24-07-2012]:
It will probably take a few months before Midas gets a fresh hi-speed train contract, cos it's not a direct bidder. The stock price might drift sideways from here at 37 cents, as people take profit and on lack of news catalyst. The 2Q profit figure will be low. Just my 2 yuan worth. I would be keen to buy on weakness.
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