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Midas
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Bon3260
Supreme |
18-Jan-2010 15:02
Yells: "Ooo Ooo Aaa Aaa!" |
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x 0 Alert Admin |
U hv 2 ask urself 1st. R u investing as a long term / juz short term ctr play?
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dizzifying
Member |
18-Jan-2010 14:53
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S$1.08, do you think we can still catch? | ||||||||
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aircraft
Veteran |
18-Jan-2010 14:28
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x 0 Alert Admin |
wah cannot leh, ganna roadblock | ||||||||
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daphnecsf
Senior |
18-Jan-2010 14:20
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Huat la... Up Up Up.... 
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ronleech
Master |
18-Jan-2010 13:50
Yells: "Believe in yourself. Ride with the waves......" |
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x 0 Alert Admin |
Abt SGD$70++ mil
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ronleech
Master |
18-Jan-2010 13:39
Yells: "Believe in yourself. Ride with the waves......" |
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Recent contracted project NM to current fisical year ..... only will show effect in FY 2011....i expect to see hugh profit taking in this counter...maybe back to 0.95 level....just my view..... | ||||||||
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aircraft
Veteran |
18-Jan-2010 13:27
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And although the contracts are not gigantic, they are consistently coming in. Very stable. | ||||||||
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Bon3260
Supreme |
18-Jan-2010 13:24
Yells: "Ooo Ooo Aaa Aaa!" |
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I guess pple now r not worried abt how much e ctt's valued. They r actually concerning e Q4 results & whether how much wld Midas'll give CD tis Qtr. ('',) |
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sureesh40
Senior |
18-Jan-2010 13:17
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How much is the contract value in sing dollars
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blurblurman
Senior |
18-Jan-2010 12:39
Yells: "no contra please" |
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just sold my share in MIDAS...very regret. .. and saw the latest news .... NEWS RELEASE - MIDAS WINS RMB353 MILLION HIGH-SPEED TRAIN CONTRACT |
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victorf
Master |
18-Jan-2010 12:38
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buy on dip as technically bullish....now in $1.03 - 1.16 wave....good luck :)
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Bon3260
Supreme |
18-Jan-2010 12:36
Yells: "Ooo Ooo Aaa Aaa!" |
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NEWS RELEASE MIDAS WINS RMB353 MILLION HIGH-SPEED TRAIN CONTRACT - To supply 80 train sets, equivalent to 1,120 train cars, for the "CRH1" EMU high-speed train project in the PRC Singapore, January 18, 2010 Awarded by Bombardier Sifang (Qingdao) Transportation Ltd ( Delivery of the train cars for the "CRH1" 350 – 380km/h EMU high-speed train project is expected to take place between 2010 to 2014. As such, the contract is expected to have a positive impact on the financial results for the financial years ending from 2010 to 2014. Commented Mr Patrick Chew (– Mainboard-listed Midas Holdings Limited ("Midas") (麦达斯控股有限公司) is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd ("Jilin Midas") (吉林麦达斯铝业有限公司), has secured a contract worth RMB353 million to supply aluminium alloy extrusion profiles for a total of 1,120 train cars for the "CRH1" 350 – 380km/h EMU high-speed train project with maximum operating speeds of up to 380km/h. 青岛四方庞巴迪铁路运输设备有限公司), the RMB353 million contract is for the supply of 80 train sets (60 train sets x 16 train cars and 20 train sets x 8 train cars), or an equivalent to 1,120 train cars. 周华光), CEO of Midas, "We are delighted to have secured the prestigious "CRH1" EMU high-speed train project. The growing size of our contracts secured over the years is a testament to Midas’ leading market position as well as the growing market opportunities in the PRC railway infrastructure market. Page 2 of 3 We will continue to leverage on our capabilities and upcoming capacity expansion to capture the vast market potential." About Midas Holdings Limited Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products, primarily for the rail transportation sector in the PRC. Midas’ operations are strategically located in the PRC to capitalise on the opportunities arising from the rapid development of the PRC’s rail transport and infrastructure sectors. In July 2009, Midas was awarded the prestigious International Railway Industry Standard (IRIS) certification, which represents the most stringent requirements on quality standards in the global rail transportation industry and is recognised by railway industry players worldwide. Midas is the first company in the PRC to receive the IRIS certification in its business category. Midas is currently a PRC certified supplier to the world’s largest train manufacturers, ALSTOM SA, Siemens and Changchun Bombardier. In addition, it is a preferred supplier for Alstom Transport’s projects globally, under Alstom’s "Leading Partners 150" programme. Midas’ customers include ALSTOM Transport SA, Siemens International Trading Ltd, Bombardier Transportation, Changchun Railway Vehicles Co., Ltd, CNR Tangshan Locomotive and Rolling Stock Works, Nanjing SR Puzhen Rail Transport Co., Ltd and CSR Zhuzhou Electric Locomotive Co., Ltd. Since 2003, Midas has been involved in many high profile rail transport projects in the PRC. In addition, it has also successfully exported its products to the international market including Europe, Middle East, Korea and Singapore since 2004. Page 3 of 3 Besides its core business, Midas has a 32.5% equity stake in a Sino-foreign joint venture, Nanjing SR Puzhen Rail Transport Co., Ltd, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts. In September 2007, Midas’ Aluminium Alloy Division was named "2007 China’s Top Brand" by the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China ("AQSIQ") ( Midas was also named a Forbes Asia’s Best Under A Billion Company consecutively for four years from 2006 to 2009. ISSUED ON BEHALF OF : Midas Holdings Limited BY : Citigate Dewe Rogerson, i.MAGE Pte Ltd 1 Raffles Place #26-02 OUB Centre SINGAPORE 048616 CONTACT : Ms Chia Hui Kheng / Ms Kelyn Tan at telephone DURING OFFICE HOURS : 6534-5122 (Office) AFTER OFFICE HOURS : 9781-5913 / 9781-3605 (Handphone) EMAIL : huikheng.chia@citigatedrimage.com kelyn.tan@citigatedrimage.com 004/10/002/MHL January 18, 2010 国家质量监督检验检疫总局). |
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tonylim
Master |
17-Jan-2010 17:00
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While other stocks had made quantum leap, over the same period, Midas was consolidating and making modest gain incrementally. Thus, I am optimistic on this counter.
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tradersgx
Veteran |
17-Jan-2010 01:08
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DBS Research 12Aug'09 Midas' 12 mths Price Target : S$ 1.10 Forecast PE (X): 19.9 Forecasts and Valuation 2009.F Turnover.F: $146m Net Profit.F: $38m P&L: Turnover: 1Q2009A $31.4m 2Q2009A $37.8m 3Q2009A $37.0m 4Q2009F $39.8m Net Profit: 1Q2009A $8.5m 2Q2009A $9.4m 3Q2009A $9.4m 4Q2009F $10.7m |
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ronleech
Master |
16-Jan-2010 21:53
Yells: "Believe in yourself. Ride with the waves......" |
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I think this is almost the limit of this counter...$1.10.....Can break it and stay above while other is having correction....i expext to see ppl profit take this counter soon...sorry, just my view...this counter is no long cheap..... | ||||||||
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tonylim
Master |
16-Jan-2010 14:03
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Lately hovering at 1.06 ..1.07 looks set to upsurge to the next level at 1.15
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Bon3260
Supreme |
16-Jan-2010 13:45
Yells: "Ooo Ooo Aaa Aaa!" |
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x 0
x 0 Alert Admin |
So u r in A-Group! Got u! ('',)
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risktaker
Supreme |
16-Jan-2010 10:45
Yells: "Sometimes you think you know, but in fact you dont" |
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1.04 Support will be strong :) A group will support it
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Bon3260
Supreme |
15-Jan-2010 23:12
Yells: "Ooo Ooo Aaa Aaa!" |
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Victorf, When u said buy on dip. Buy @ wat price level actually? Cld u kindly spell out e buying price in future? So dat new babies'll noe it. ('',)
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victorf
Master |
14-Jan-2010 14:22
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buy on dip for MIDAS.....as said last few days, technically bullish counter.....good luck :)
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