Midas    Last:0.192   -

China railway shares jumped 10% on Thai HSR win

MIDAS is making a big move today.

Sit back and watch the ride up ..... by BIG WAVE....(China FMs are coming in)

 

Quoting an  statement from a report  from June 2013



Maintain BUY


In light of the aforementioned factors, we remain positive on Midas? long-term outlook, but believe that the major re-rating catalyst would have to come from the resumption of new high-speed train car tenders from China. Maintain BUY

 

since early part of this year , all the analyts are early awaiting and expecting the resumption of the High Speed train tender from China .

That first big tender was called out in Aug and concluded in Sept 2013 . So now naturally is wait for the orders to flow down into MIDAS .

Like CEO Patrick Chew had said before , all the neceesary preparation and expansion had been laid out . Now is waiting for the chinese goverment's orders .



MIDAS is to Bombardier , Alstom , China CNR , CSR Corp , Siemens transport like Foxconn is to Apple and Flextronics / Venture is to HP

 

Will all these benefit to Midas? Still no sound no picture from Midas leh?

danger      ( Date: 15-Oct-2013 09:27) Posted: Railway stocks surged after Chinese Premier Li Keqiang promoted China's high-speed railway technology during his visit to Thailand. Li called for closer bilateral railway cooperation while opening an exhibition about China's high-speed railways together with Thai Prime Minister Yingluck Shinawatra, the official Xinhua news agency reported. Shares of Chinese locomotive maker China CNR Corp and rival CSR Corp both jumped by the 10 percent daily limit.

 

Railway stocks surged after Chinese Premier Li Keqiang promoted China's high-speed railway technology during his visit to Thailand.

Li called for closer bilateral railway cooperation while opening an exhibition about China's high-speed railways together with Thai Prime Minister Yingluck Shinawatra, the official Xinhua news agency reported.

Shares of Chinese locomotive maker China CNR Corp and rival CSR Corp both jumped by the 10 percent daily limit.

 

of the 15 analysts polled and covering China CNR .. The consensus rating are 8 BUY , 4 OUTPERFORM , 3 HOLD , 0 SELL ..

These rating had increased compared to few months ago .

 

Hope that the speculated win would become a reality and Midas could secure some contracts out of it. Good prospect.

 

imagine CNR shares jumped and hit daily high limit set by the stock exchange

 

China CNR Corp. (601299) led gains in shares of Chinese companies that build and supply equipment for railways on speculation they will win contracts for the construction of Thailand?s high-speed train system.

China CNR, which produces passenger cars and wagons, rose by the 10 percent daily limit in Shanghai to 4.59 yuan, the biggest one-day gain since February 2013. CSR Corp. (601766), which makes locomotives and cars, and Taiyuan Heavy Industry Co. (601169), a maker of train axles, also surged by the daily limit. China Railway Construction Corp. (601186) rose 7.4 percent and China Railway Group Ltd. (390) climbed 8.1 percent at the mid-day trading break. China?s benchmark Shanghai Composite Index (SHCOMP) rose 0.5 percent