Midas: Getting Ready to Charge?

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Midas seems that have found the bottom and currently reversing to up trend after forming a “Higher High, Higher Low” pattern. Fundamentally Midas is still losing money but this stock is turn around play. $0.374 should provide a strong support (20D SMA + resistance turned support & 61.8% FR level). Immediate Resistance is $0.435.

Previous Midas analysis.

 

Key Statistics for MIDAS

Current P/E Ratio (ttm) 53.7879
Estimated P/E(12/2012) 130.7826
Relative P/E vs.FSSTI 4.5373
Earnings Per Share (CNY) (ttm) 0.0389
Est. EPS (CNY) (12/2012) 0.0160
Est. PEG Ratio 27.2464
Market Cap (M SGD) 499.22
Shares Outstanding (M) 1,217.62
30 Day Average Volume 7,174,900
Price/Book (mrq) 0.8653
Price/Sale (ttm) 2.9487
Dividend Indicated Gross Yield 1.83%
Cash Dividend (SGD) 0.0025
Last Dividend 11/29/2012
5 Year Dividend Growth -17.81%
Next Earnings Announcement 02/28/2013
Continue ReadingMidas: Getting Ready to Charge?

Singapore REITs Comparison Table for Dividend Investment – Dec 2012

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A Quick Comment: Majority of Singapore REITs are over value base on NAV and distribution yield is no longer very attractive. Uptrend has been ended for some of the REIT base on Technical Analysis. Base on latest Singapore PMI (Nov PMI at 48.8) published by SIPMM, Singapore economy is still in contraction mode and the probability of Singapore enters into recession has increased. REIT is economy sensitive. Invest with care!

Latest Comparison table for Singapore REIT in terms of Market Cap, PE ratio, NAV, Gearing Ratio, Distribution Yield and Asset Type.

Last comparison table of Singapore REITs.

Some readers requested me to conduct class to teach how to select a right REIT for dividend investing and explain the terminology of financial ratio of the above table. Please check out the class detail on REIT investing by clicking HERE (REIT Investing Class).

Continue ReadingSingapore REITs Comparison Table for Dividend Investment – Dec 2012