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 |
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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 |