Friday, December 21, 2012

Midas - Long term seems bottoming

Midas Holding - Founded in 2000, Midas Holdings Limited (SGX:5EN; HKEX:1021) is today the leading manufacturer of aluminium alloy extruded products for the passenger rail transportation sector in the PRC. Midas has an established track record of supplying aluminium alloy extruded products to train manufacturers in the rapidly growing passenger rail transportation sector in the PRC since 2003. The Group also exports aluminium alloy extruded products internationally and have been involved in a considerable number of train projects in Europe and Asia. Read more about the company 

52week high is currently at $0.44, do watch this counter if it breaks 0.44. Looking the weekly chart above for long term trade, current price is relatively low and seems bottoming. With the hope of China recovery in 2013, this can be one of the stock we can look into.