MIDAS in focus again

The market took a turn quickly after RBS announced the big loss. Like I say before, market might have more bad news awaiting us. The reason being that we are still in the process of deleveraging. The untangling of all the complex leverage would take sometime to clear. Loss get snowballed because of lack of credit, sellers forced to sell at fire sales price.

Today, Philips release a report recommending a buy on MIDAS. If I remember correctly, recently other broker also have the same recommendation. The past issue of The Edge also feature the company again.

Since I took notice of the company and concluded it is a worthy investment, the fundamental seems to keep getting better. Only the macro environment keep getting worse. The stock is up for prime time in coming 5 years. Although in stock market, people seems to have short term view only on recent earning.

Macro environment getting better as China keep the infrastructure investment. The company position is improving, but increase production and do more. Bear in mind the company is one of the suppliers to major european train vendor. Have a close watch on it.