Midas: Getting Ready to Charge?

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

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