Midas: Rebound!

  • Post author:

Midas rebounded from the Rectangle support at about $0.44 and also broke out from the declining trend line (green). $0.44 is a very significant resistance turned support level. Base on the chart pattern, Midas first target is about $0.50 followed by the rectangle resistance of $0.53.

Original Post by Marubozu @ My Stocks Investing Journey.

2014April5-Midas

Current P/E Ratio (ttm) 58.5225
Estimated P/E(12/2014) 18.7974
Relative P/E vs. FSSTI 4.1861
Earnings Per Share (CNY) (ttm) 0.0392
Est. EPS (CNY) (12/2014) 0.1220
Est. PEG Ratio 0.2859
Market Cap (M SGD) 566.19
Shares Outstanding (M) 1,217.62
30 Day Average Volume 5,399,367
Price/Book (mrq) 0.9409
Price/Sale (ttm) 2.4003
Dividend Indicated Gross Yield 1.08%
Cash Dividend (SGD) 0.0025
Dividend Ex-Date 05/15/2014
5 Year Dividend Growth -22.16%
Next Earnings Announcement 05/14/2014
Continue Reading Midas: Rebound!

Midas: Getting Ready to Charge?

  • Post author:

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 Reading Midas: Getting Ready to Charge?

Midas: On Up Trend but wait for Pull Back

  • Post author:

Midas is currently on a confirmed uptrend after rebounding from a Double Bottom (a trend reversal chart pattern). Midas is trading inside a Higher High, Higher Low, uptrend channel, and also above 20D, 50D and 200D SMA. However, Midas is over value base on PE ratio and PEG valuation. Midas is good for a bullish short term trade where there is a pull back near uptrend channel support.

Check out definition of PE & PEG valuation here.

Backgound:

Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. The Group operates three business divisions; namely, Aluminium Alloy, PE Pipe and Agency and Procurement. Midas is the only PRC certified supplier to the world?s largest train manufacturers, ALSTOM SA, Siemens and Changchun Bombardier. The Group’s customers include a number of MNCs and PRC state-owned companies.

Key Statistics for MIDAS

Current P/E Ratio (ttm) 32.3933
Estimated P/E (12/2012 ) 46.8163
Earnings Per Share (CNY) (ttm) 0.0664
Est. EPS (CNY) (12/2012) 0.0460
Est. PEG Ratio 4.6353
Market Cap (M SGD) 511.40
Shares Outstanding (M) 1,217.62
Enterprise Value (M CNY) (ttm) 3,288.03
Enterprise Value/EBITDA (ttm) 12.04
Price/Book (mrq) 0.8825
Price/Sale (ttm) 2.8450
Dividend Indicated Gross Yield 1.79%
Next Earnings Announcement 11/14/2012
Continue Reading Midas: On Up Trend but wait for Pull Back