Midas has slumped 14% post a 76% growth in its FY16 results. It closed at $0.225 on 7 Apr 2017 which was near the all-time closing low of $0.210. Some of my high net worth clients have told me their concerns on Midas. I have since met Mr Patrick Chew, CEO of Midas and Mr Liaw Kok Feng, CFO Midas for a 1-1 discussion. Here are my key takeaways. Key takeaways from my concerns posed to the management Concern 1: Orders momentum have slowed for its aluminium extrusion segment According to management, they remain positive for their aluminium extrusion segment. The main reason why they have not announced new contracts recently is because their customers are giving some of their orders in the form of purchase orders. Such orders are smaller in quantum and need to be delivered in a shorter period of time. For example, previously, ......