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Oh oh! The train captain sudah tidur!!😏
Midas' announced contract wins schedule (2010 to 2013 YTD)
2013 YTD
Date Announced Curr Amount (in millions) Customer Delivery Schedule Contract Type
09-Apr-13 SGD 17.3 Alstom Transport S.A. 2013 to 2015 Mass Rapid Transit
19-Mar-13 EUR 22.7 Ural Locomotives (JV btw Siemens and Sinara Grp) 2013 to 2019 Electric train
12-Mar-13 CNY 27.0 Nanjing SR Puzhen Rail Transport Co (JV of Midas) 2013 to 2014 Metro
12-Mar-13 CNY 22.7 Nanjing SR Puzhen Rail Transport Co (JV of Midas) 2013 to 2014 Metro
12-Mar-13 CNY 17.6 Nanjing SR Puzhen Rail Transport Co (JV of Midas) 2013 to 2014 Metro
12-Mar-13 CNY 31.7 Nanjing SR Puzhen Rail Transport Co (JV of Midas) 2013 to 2016 Metro
12-Mar-13 CNY 10.6 CNR Changchun Railway Vehicles Co 2013 Metro
Total CNY 378.9
NPRT's announced contract wins schedule (2010 to 2013 YTD)
2013 YTD
Date Announced Curr Total Amount (in millions) Customer Delivery Schedule NPRT's Stake
11-Jun-13 CNY 1,260 Shenzhen Metro Group Co., Ltd 2015 to 2016 100%
05-Jun-13 CNY 1,100 Nanjing Metro Group Co Ltd 2014 to 2016 70%*
29-May-13 CNY 420 MTR Corporation (Shenzhen) Ltd 2013 to 2014 100%
06-Feb-13 CNY 710 Nanjing Metro Company Limited 2014 to 2015 100%
16-Jan-13 CNY 338 Suzhou New District Tramway Co., Ltd 2014 100%
Total CNY 3,498
Wa peh wey! (exclamation). One contract after another and another and another!
This Midas is more than just a gem. Truly priceless. Yet being suppressed in its share price just mad!! Hahaha.
Thinking of buying some, but don't what price would be the final suppression. Lol.
New high-speed train car tenders may come soon
While Midas has gained traction on metro and international contract wins
this year, we believe that the strength of its recovery will depend heavily
on the timing of new high-speed railway (HSR) train car contract tenders
by the China Railway Corporation (CRC). The market has been left
disappointed by continued delays as previous expectations on the
resumption of new orders in Dec 2012 and subsequently late 1Q13 failed
to materialise. We believe this was due to two key factors. Firstly, the
Chinese leadership transition which began in late 2012 until Mar this year.
Secondly, the massive reforms undertaken by China to break up its
former Ministry of Railways and delegate the administrative and
commercial operations to two new bodies, with CRC in charge of the
latter. This restructuring process naturally takes time and with the CRC
now up and running, we believe that the re-ignition of the much
anticipated new HSR train car contracts would come soon (possibly late
2Q13 or 3Q13, according to market watchers). Moreover, new railway
lines have continued to be built, as investment on railway infrastructure
in China grew 28.0% YoY to CNY54.5b for 1Q13. These new lines would
eventually require new trains to operate on.
I'm not so optimistic about this counter, particularly its business with China railway, which is in serious financial trouble and nobody can tell exactly how deep the hole is. The only plus side is they're still having government support and allowed to continue issuing bonds
In business sense, never deal with your customer when you know that they're in financial trouble.
paul1688 ( Date: 13-Jun-2013 22:12) Posted:
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful -
Warren Buffett
Warren Buffett
Sis, masih ada ticket. Saya tunggul sahaja lah.
halleluyah ( Date: 13-Jun-2013 17:49) Posted:
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Wah din know this one also dropped so much today.
Sista halleluyah,let pray that the market will reverse trend tmor. Cheer!
halleluyah ( Date: 13-Jun-2013 17:49) Posted:
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This train derailed today due to drunk operator.
halleluyah ( Date: 13-Jun-2013 17:49) Posted:
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Dik, wow tis train really bring me to Holland. Hope I wun b like Moses taking 40 yrs out frm Egyt....lol. Dik, u masih pegang ini train ticket??
Sorry not only Midas is whole market.
Midas broke down even with new contract!
Midas’ 32.5% owned associate company NPRT has
secured a Rmb1.26bln contract from Shenzhen
Metro Group for the supply of 33 train sets (198
train cars) for Shenzhen Metro Line 3 project.
Delivery is expected from 2015-2016.
This would be NPRT’s 5th contract win this year and
also its largest.
The latest contract win will increase its year to date
contract win by 50% to Rmb3.76bln and order books
by 14% to Rmb9.98bln.
It's already factored in when price broke to 0.51 on june 6.
I am not sad, my average is 0.47.Waiting for right price to sell.
PauloGan ( Date: 11-Jun-2013 13:37) Posted:
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More and more contracts should be coming in. Their order book is definitely growing bigger.
Good opportunity to accumulate at current market weakness.
ongahhuat888 ( Date: 11-Jun-2013 20:22) Posted:
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More happy hour to come arh!!!
Peter_Pan ( Date: 11-Jun-2013 17:16) Posted:
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