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November 2014

How will the proposed merger of the China CNR and CSR Corp affect Midas ?

Thursday 30 Oct 2014 @ 3:49 PM

 The Xinhua News Agency reported on Tuesday that China's State-Owned Assets Supervision and Administration Commission wanted to merge both China CNR and CSR Corp - China's two state-owned railcar makers together.  At the entities named above have refused to comment.  

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VIX index rises to 24.6 overnight.....as of now its still looking like a correction and not a sell off or collapse

Tuesday 14 Oct 2014 @ 9:49 AM

 Stock markets around the world have been falling since October 7 or 8, 2014.  The Dow has shed 3.9% to 16321 while the Hang Seng has fallen 1.3% and our own FSSTI has dropped 1.5%.   In a radio interview yesterday I was asked what I felt about the "SELL OFF" - I corrected the interviewer by saying its not a SELL OFF but a long overdue correction.  Dont forget that stock markets have been in a BULL market since 2009 and a meaningful correction has been long overdue.  The VIX index which is a good indicator of uncertainty and volatility has risen and closed at 24.6 overnight.  In my latest talk at a Lim & Tan seminar about Defensive Strategies - i highlighted a number of risk factors and also told investors of a number of indicators to look out for that would trigger a correction.  One of these was the VIX index and I said that once it crossed 20 - we should be alert and once it crossed 30 that would be quite negative.

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What is happening at Innotek Holdings Limited ?

Monday 21 Jul 2014 @ 9:00 AM

 The chart below shows that Innotek shares have risen about 30% since late May 2014 but only started rising sharply last week.

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Adding Serial Systems to my Yield Stock picks today at S$0.136

Thursday 26 Jun 2014 @ 3:05 PM

 I am removing Jaya Holdings from both My Stock Picks growth even though it was also a proxy for my Yield portfolio as they have now divested their core business and are in the process of paying out the proceeds as dividends. 

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Midas hit the big one - its associate NPRT has won three Metro rail contracts worth RMB3.5bn.......this could be the catalyst to break S$0.50 !?

Thursday 5 Jun 2014 @ 8:38 AM

 Midas announced last night that its 32.5% associate company Nanjing SR Puzhen Rail Transport Co., Ltd has won three contracts totalling RMB3.5bn.  This award brings its total rail contracts in 2014 to more than RMB 4.5bn.

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MSCI announces changes to its small cap and micro cap indices effective 30 May 2014.....noticeable among the deletions is Blumont from Small Cap but its been added to the Micro Cap

Tuesday 20 May 2014 @ 8:29 AM

MSCI announced yesterday that there would be changes to its various index components effective 30 March 2014.  I will only be looking at the changes for the MSCI Small Cap and the MSCI Micro Cap indices here.

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Back down to earth for Asiasons Capital, Blumont as they release their Q12014 results……. we are still waiting for Liongold to release its full year 2014 results by the end of May 2014

Monday 19 May 2014 @ 2:13 PM

Now that the dust is beginning to settle, investors can appreciate the extent that the fair value gain/loss of financial assets had on their F&L.  Let me quickly go through them.

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Midas reports strong Q1-2014 with revenue higher by 46.7% and a net profit of RMB11.5mm compared to a loss of RMB5.7mn

Monday 12 May 2014 @ 6:57 AM

 Midas reported a good set of Q1-2014 results with revenue rising 46% and a net profit of RMB11.8mn compared to a loss of RMB5.7mn.  The key change was the contribution from associates which reported a profit of RMB13.1mn compared to a loss of RMB4mn in Q1-2013.

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Straco Corporation reports revenue growth of 30% in Q1-2014 but net profit fell 1%.......but there is no cause for concern

Monday 12 May 2014 @ 6:33 AM

 Straco Corporation reported its Q1-2014 results which showed sustained growth in revenue which expanded by 30% but net profit declined by 1% caused mainly by the absence from gains of a land sale and exchange losses compared to exchange gains during that period.  The key highlights of the results are in the Table below:

Comments(1)

Midas wins its second high speed contract this month worth RMB146mn....bringing its total high speed train contracts won in April 2014 alone to more than RMB450mn...

Tuesday 29 Apr 2014 @ 5:17 AM

 Midas announced last night that it has won another high speed train contract worth RMB146mn last night.  This is its third high speed train contract.  This contract brings Midas' total order book for 2014 to RMB536.9mn.   This contract is about half the size of the contract it announced on 7 April 2014 but I am more interested in the pace of high speed contracts as Midas only started winning high speed train contracts in October 2013.  

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Hot Topics

VIX index rises to 24.6 overnight.....as of now its still looking like a correction and not a sell off or collapse

How will the proposed merger of the China CNR and CSR Corp affect Midas ?

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Kevin's stock picks

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Atlantic Navigation5/08/13
Midas Holdings16/11/12
AEM Holdings12/04/12
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What is happening at Innotek Holdings Limited ?(2)

How will the proposed merger of the China CNR and CSR Corp affect Midas ?(1)

Midas hit the big one - its associate NPRT has won three Metro rail contracts worth RMB3.5bn.......this could be the catalyst to break S$0.50 !?(6)

VIX index rises to 24.6 overnight.....as of now its still looking like a correction and not a sell off or collapse(2)

Jaya Holdings to sell all its subsidiaries for S$625mn to Mermaid Marine Australia.....so no takeover but will we get a special dividend and cash payout(20)

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