Midas
Last:0.192
-
MIDAS BAGGED ANOTHER RMB221.8m CONTRACTt
Post Reply
1-13 of 13
The catalyst for rocket for MIDAS is finally here ... a brand new bullet train contract
danger ( Date: 18-Oct-2013 07:34) Posted:
| now is the time to load up on MIDAS .. as the accumulative multil billions contracts won last year and ths year is going to catapult the upcoming result to sky high |
|
MIDAS WINS HIGH-SPEED TRAIN CONTRACTS WORTH RMB167.5 MILLION
- For the supply of aluminium alloy extrusion profiles and certain fabricated parts for high speed trains to major PRC train manufacturers
Win RMB221.8millions Share price up from 45cents to 46.5cents.
Before the news of RMB167 milions Share price up from 46.5cents to 47.5cents.
Inventors siao one.....gotton so much millions and millions of contracts like nobody interested......price are way under priced.
Midas now buying opportunity.,.....
Once today China GDP out above 8% will swing midas above 50cents
Huat lar....
another 20 Billions contracts opportunity on the way......
Huat lar........
now is the time to load up on MIDAS .. as the accumulative multil billions contracts won last year and ths year is going to catapult the upcoming result to sky high
Form last year TP 0.85, this year TP 0.75, but never see 0.60 at all.
Re-post the article from WantChinaTimes.com
Low-cost rail technologies give China the edge in global market
A high-speed train heading to Nanchang, southeastern China's
Jiangxi province. (Photo/CNS)
China and Thailand will strengthen cooperation in the railway sector, while
China will provide high-speed rail technology, which is both reliable and
cost-competitive, according to China's premier Li Keqiang at a high-speed rail
exhibition in Bangkok on Oct. 12.
The advantages of China's high-speed rail technology are quite evident and
its export would boost China's advantage in the field on an international stage,
a Chinese railway engineer pointed out. He added that China is eager to take
part in a high-speed rail construction project between Nong Khai and Phachi in
Thailand, and has agreed to accept partial payment in the form of Thai
agricultural products.
Some observers said that Li's personal promotion of China's high-speed
technology would not only facilitate China and Thailand's cooperation in the
field of railway construction, but will also boost connectivity in the
region.
Li Hongchang, a professor at the Beijing Jiaotong University, said that it
was very important for China to work with Thailand as this would affect the
country's strategic position in Southeast Asia. At present, China has the most
widespread high-speed rail network globally. The total mileage in service in
China is equivalent to the combined mileage of all other countries around the
world. Moreover, there is still around 10,000 kilometers of railways under
construction.
According to state-run news agency Xinhua, the construction cost for
high-speed railway quoted by foreign builders was US$50 million per kilometer,
but was only US$33 million among their Chinese counterparts. Meanwhile, Beijing
has signed an agreement regarding cooperation in high-speed railway construction
with more than 50 countries as of 2010, with the projects' total value touching
US$26 billion.
Some experts have attributed the success of these collaborations to advanced
low-cost technology and safety. Li said that 70% of the components used during
high-speed rail construction in China were manufactured domestically after years
of development. He said no other country in the world possesses such technology,
adding that many of the railways in the United States have been built by
China.
Midas' future is bright.....
< <
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102& MainCatID=11& id=20131016000088 " Low-cost rail technologies give China the edge in global market..... According to state-run news agency Xinhua, the construction cost for high-speed railway quoted by foreign builders was US$50 million per kilometer, but only US$33 million among their Chinese counterparts......" > >
danger ( Date: 16-Oct-2013 19:33) Posted:
|
MIDAS ANNOUNCES INTERNATIONAL AND PRC METRO CONTRACT WINS WORTH OVER RMB221.8 MILLION1
- Secures contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to two major train projects in Europe worth ?17.7 million
- Wins contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to major PRC metro projects worth RMB75.9 million
-
This is on top of the RMB 1.1 BILLION CONTRACT AND RMB 1.26 BILLION CONTRACT SECURED IN JUNE
Plus RMB 44.3 MILLION CONTRACT SECURED IN JULYExpects contracts to contribute positively to the Group?s financial performance from 2013 to 2017 |
|
Very bullish technical indicators
Watch for it !!!!!
Watch out for this gem from tomorrow
2Q13 results largely within expectations. Midas 2Q13 results were in line with our expectations. Revenue rose 29% YoY to RMB284m while net profit improved significantly to RMB15m, hugely better compared to only RMB1.6m last year and a loss of RMB6m last quarter. We expect a better performance in 2H13 as utilization rates gradually recover and NPRT turns profitable. The potential big catalyst for the stock is still the resumption of high speed train tenders, which we expect to happen in the next two months. The current 1x P/B valuation provides a solid floor to the share price. Maintain BUY and target price of SGD0.75 (based on 1.5x P/B relative to the mean of 2.1x).
Commenting on the PRC contract wins, Mr Chew said, " We are excited that the Group?s order book has received yet another healthy boost from the PRC metro industry. This underpins the railway industry?s growth story, and is reflective of our continuing leadership position in the PRC. Moving forward, we are optimistic of new opportunities for market players, both in the PRC and international markets."
These international and PRC contracts are expected to contribute positively to Midas? financial performance from 2013 to 2017.
MIDAS ANNOUNCES INTERNATIONAL AND PRC METRO CONTRACT WINS WORTH OVER RMB221.8 MILLION1
- Secures contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to two major train projects in Europe worth ?17.7 million
- Wins contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to major PRC metro projects worth RMB75.9 million
-
This is on top of the RMB 1.1 BILLION CONTRACT AND RMB 1.26 BILLION CONTRACT SECURED IN JUNE
Plus RMB 44.3 MILLION CONTRACT SECURED IN JULYExpects contracts to contribute positively to the Group?s financial performance from 2013 to 2017
