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Midas

It is now UOBKH's call vs. OCBCS & DBSV's calls.....

 

Peter_Pan      ( Date: 20-Mar-2013 09:20) Posted: The clash of the titans. Blanchard      ( Date: 20-Mar-2013 09:18) Posted: Yeah... I guess it is relative short term vs long term struggle..

 

A subsidiary of  Midas Holdings  has secured a new contract worth 22.7 million euros ($36.6 million) to supply aluminium alloy extrusion profiles to the Russian railway market.

 

Bo ki leh..........!

 

The clash of the titans.

Blanchard      ( Date: 20-Mar-2013 09:18) Posted: Yeah... I guess it is relative short term vs long term struggle... Peter_Pan      ( Date: 20-Mar-2013 09:12) Posted: It is now UOBKH's call vs. OCBCS's call.....

 

Yeah... I guess it is relative short term vs long term struggle...

Peter_Pan      ( Date: 20-Mar-2013 09:12) Posted: It is now UOBKH's call vs. OCBCS's call.....

 

It is now UOBKH's call vs. OCBCS's call.....

 

Pre-opening looking good now.

 

Peter, the report from the link seems different from yours leh...

Lifeisgreat      ( Date: 19-Mar-2013 22:52) Posted: found this:    http://ir.chartnexus.com/shareinsight/UOBKH/?sc=5EN& mkt=SGX

 

it says this contract is significant as it is their first international contract...

 

News

Midas Wins €22.7 Million Russian Contract

Please refer to the attachment.

This announcement will be released on the website of The Stock Exchange of Hong Kong Limited as an Overseas Regulatory Announcement pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Attachments

1. Attachment 1 (Size: 354,817 bytes)

vw2796      ( Date: 19-Mar-2013 23:02) Posted: Midas: Wins € 22.7 Million Russian Contract. 19 Mar 2013 17:30 Midas Holdings Limited is pleased to announce that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won a € 22.7 million, approximately RMB182.8 million, contract from Ural Locomotives Limited Liability Company, a joint-venture company between Siemens AG and Russia's Sinara Group. Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles for use in the manufacture of 100 electric train sets, or 500 electric train cars for commuter passenger service. Delivery for the contract is slated to take place progressively from 2013 to 2019...

 

Midas: Wins € 22.7 Million Russian Contract. 19 Mar 2013 17:30 Midas Holdings Limited is pleased to announce that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won a € 22.7 million, approximately RMB182.8 million, contract from Ural Locomotives Limited Liability Company, a joint-venture company between Siemens AG and Russia's Sinara Group. Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles for use in the manufacture of 100 electric train sets, or 500 electric train cars for commuter passenger service. Delivery for the contract is slated to take place progressively from 2013 to 2019...

 

found this: 

  http://ir.chartnexus.com/shareinsight/UOBKH/?sc=5EN& mkt=SGX

 

 

 

Midas Holdings –

Technical SELL with +12% potential return

 

Last price: S$0.50

Resistance: S$0.53

Support: S$0.44

 

SELL with a target price of S$0.44 with stops placed above S$0.53. Prices appear to be unable to close the gap down which was created on 22 Feb 13 and may continue to trend lower. Its mid Bollinger band could be acting a resistance. Its Stochastics looks poised to form a bearish crossover. Watch to see if its MACD could hook down below its centreline instead. - UOBKH

Lifeisgreat      ( Date: 19-Mar-2013 21:46) Posted: Peter, do you mind sharing with us the report as I couldn't find any it... Thanks!

 

With the new russian contracts won, will this counter take off?

 

 

Peter, do you mind sharing with us the report as I couldn't find any it... Thanks! 

 

Tricky trade...lol

Peter_Pan      ( Date: 19-Mar-2013 09:48) Posted: Hi guys, may need to change strategy... Midas Holdings – UOBKH has a Technical SELL with +12% potential return Trade with your own final decision pls....

 

This should be a neutral news.

Reason being:

1) The 22.7Euro (182.8million RMB), for 500 car,  translated to per car is 365k per car. Russian Ural locomotive car length is ~34m, but China metro car length is ~22.5m, thus equivalent pricing should be 241k per car, which is around their average pricing for China metro project supply.

2) For this contract there stand two different risk due to long period of contract delivery till 2019, thus the aluminium prices and Euro vs RMB are two major risk for this contract. Euro currency compare to RMB for the last five years have been declining, and currently the Euro crisis still have not over. Thus chances of RMB getting stronger against Euro will continue.

NICHOLASCHUA      ( Date: 19-Mar-2013 17:47) Posted: NEWS RELEASE MIDAS WINS €22.7 MILLION RUSSIAN CONTRACT - For the supply of aluminium alloy extrusion profiles to the Russian railway market Singapore & Hong Kong, March 19, 2013 - Midas Holdings Limited (麥 達 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) is pleased to announce that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) has won a €22.7 million (approximately RMB182.8 million1) contract from Ural Locomotives Limited Liability Company (“Ural Locomotives”), a joint-venture company between Siemens AG and Russia’s Sinara Group. Mr Patrick Chew (周 華 光 ), Chief Executive Officer of Midas, said, “This contract from Ural Locomotives is significant as it is our first international contract this year and an affirmation that our diversification strategy and efforts in growing our international markets are bearing results. Our success in securing this export order is a further testimony of the international recognition of Jilin Midas’ technical capabilities and quality output. This positions the Group well to grow its orders from both international and PRC markets.” Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles for use in the manufacture of 100 electric train sets (1 train set = 5 train cars), or 500 electric train cars for commuter passenger service. Delivery for the contract is slated to take place progressively from 2013 to 2019. This contract is expected to contribute positively to the Group’s financial performance for the financial years ending 2013 to 2019.

 

Cheers!

Lifeisgreat      ( Date: 19-Mar-2013 18:02) Posted: another dose of booster :) Peter_Pan      ( Date: 19-Mar-2013 17:47) Posted: MIDAS WINS €22.7 MILLION RUSSIAN CONTRACT

 

another dose of booster :)

Peter_Pan      ( Date: 19-Mar-2013 17:47) Posted: MIDAS WINS €22.7 MILLION RUSSIAN CONTRACT