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MIDAS start move!
OCBC Investment Research
Market Pulse
4 Jul 2013
Midas Holdings: Wins CNY44.3m metro
contract
Midas Holdings (Midas) announced last
evening that it has secured a CNY44.3m
metro contract for the Changchun Metro
Lines 1 and 2. This involves the supply of
aluminium alloy extrusion profiles for 44 train
sets (or 264 train cars), with delivery slated
to occur from 2013 to 2015. This latest
development brings total YTD contract wins
by Midas to ~CNY423.2m and also illustrates
the positive momentum in China’s metro
industry, given the development of new
metro lines and upgrading of existing
systems. We are keeping our estimates intact
as our projections allow for such contract
wins. Maintain BUY and S$0.54 fair value
estimate on Midas, based on 1.1x FY13F P/B.
train start to move are you on board
Page 1 of 3
NEWS RELEASE
MIDAS WINS RMB44.3 MILLION METRO CONTRACT FROM CNR CHANGCHUN
- To supply aluminium alloy extrusion profiles for 264 train cars to
Changchun Metro Lines 1 and 2
- For delivery from 2013 to 2015
Singapore & Hong Kong, July 3, 2013 – Midas Holdings Limited (麦 达 斯 控 股 有 限
公 司 ) (“Midas” or the “Company”, together with its subsidiaries, the “Group” SGX-ST
stock code: 5EN SEHK stock code: 1021) today announced that its subsidiary, Jilin
Midas Aluminium Industries Co., Ltd (“Jilin Midas”) has won a RMB44.3 million
contract from CNR Changchun Railway Vehicles Co., Ltd (中 国 北 车 长 春 轨 道 客 车 股
份 有 限 公 司 ) (“CNR Changchun”) for Changchun Metro Lines 1 and 2.
Under the terms of the contract, Jilin Midas will supply aluminium alloy extrusion
profiles for 44 train sets (1 train set = 6 train cars), or 264 train cars, with delivery
expected to take place from 2013 to 2015.
This contract is expected to have a positive impact on the Group’s financial performance for the 2013 to 2015 financial years.
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3Months& F=880510& fileId=Midas-ChangChunMetroLine1and2-3Jul13-SGX.pdf
think more contracts to be announced soon.
Auntie...come back now! 发 啊 !
Tomique boy boy, u still inside the train?? Watch out closely yah....auntie chow liao....tis train too dangerous fr auntie. Auntie last went Lego Land to sit train there...better.
halleluyah ( Date: 27-Jun-2013 12:13) Posted:
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Am afraid might DIE standing loh....lol. Aredi cut loss a bit last week.
Huatahearnmoney ( Date: 27-Jun-2013 12:10) Posted:
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Buay si? Mati mati all the way . Should lock profit and run... Stupid greed lol. Nvm.
Tomique ( Date: 26-Jun-2013 09:26) Posted:
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Bro, what in " KO" ? Are you vested?
halleluyah ( Date: 27-Jun-2013 10:51) Posted:
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Likely going KO soon....
halleluyah ( Date: 26-Jun-2013 23:00) Posted:
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An analysis of the Midas BBs which they always look to create excitement.
http://stockmarketmindgames.blogspot.sg/2013/06/midas-good-news-breakdown.html
dead money lock again
Second time of touching 0.44 n yet tdy close 0.435....seems vry weak n afraid might go down to next support of 0.40.
Think short term price may move up to NAV of 48.5 cents .
New123 ( Date: 26-Jun-2013 20:45) Posted:
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This train is drifting lower and lower.
Buay si lah. Tan kah ku tam po, bian kia - bian kia!!
DIE..........!!!
KIV
then u hv to pray for Midas will secure the speed train contracts soon.
NoMoney ( Date: 21-Jun-2013 17:13) Posted:
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must chiong to 60 then I all throw
New123 ( Date: 21-Jun-2013 16:42) Posted:
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