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2601-2620 of 10484
OCBC Investment Research raised its target price for Midas Holdings, which supplies components for railway projects, to $0.60 from $0.50 and kept its ‘buy’ rating, citing expectations of more high-speed rail contract wins.
As of 10:43 a.m., Midas Holdings shares were up 3.2% at $0.485, and have gained 14.3% since the start of the year, compared to a 1.8% rise in the FTSE ST All Share Index.
OCBC expects China’s railway investments to form a large part of the country’s overall infrastructure spending, and cited Xinhua news agency as saying about 600-650 billion yuan of railway investments will be made this year.
“We believe that China’s Ministry of Railways could resume high-speed passenger train car contract tenders in the first quarter,” said OCBC, which is expected to translate into order wins for Midas.
GorgeousOng ( Date: 09-Jan-2013 12:06) Posted:
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Peter_Pan ( Date: 09-Jan-2013 11:53) Posted:
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GorgeousOng ( Date: 07-Jan-2013 11:05) Posted:
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OCBC:
Midas Holdings: Proxy play to China’s
infrastructure-led growth
●
1H13
High-speed order wins possible in●
boon
Railway investments an economic●
S$0.60 FV
China’s railway investments could hit
CNY600-650b in 2013
BUY rating reaffirmed higherWe view Midas Holdings (Midas) as a proxy
play to the economic recovery story of China
in 2013, which would be driven largely by
infrastructure investments and domestic
consumption. In particular, we expect railway
capex to form an integral part of these
investments. According to media reports,
approximately CNY600-650b of railway
investments will be made in China this year
We believe that China’s Ministry of Railways
could resume high-speed passenger train car
contract tenders in 1Q13. We expect this to
translate into order wins for Midas from its
customers in 1H13, with deliveries possibly
happening from 2H13.
rayyeo ( Date: 09-Jan-2013 10:00) Posted:
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0.48/ 0.485 now.
Swee!!
Peter,
very Good, go your way... with FULL SPEED 200km/h....
Free money falling from the SKY> > > > >
Peter_Pan ( Date: 08-Jan-2013 09:37) Posted:
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davidoch ( Date: 07-Jan-2013 20:22) Posted:
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You are very ganho, and I wish you every success in your target profit of 100K
Stocks picked are sure winners.
davidoch ( Date: 07-Jan-2013 20:22) Posted:
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OK, thanks Bro.Now oni 18k..
I want 100k profit.... very lucky to get in 100lots for ausgroup at 0.53 this morning,
wish me Thaibe 160lots good luck...at 0.425
wish me NOK good luck at 4.13 30lots.....
GorgeousOng ( Date: 07-Jan-2013 15:41) Posted:
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anyone know where can see any call buy target can share.?
davidoch ( Date: 07-Jan-2013 11:28) Posted:
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Take this from china yahoo, posted on 19th Dec 2012, don't know if is too old to share, midas JV in Nanjing getting contract from CSR
http://data.eastmoney.com/Notice/20121219/nsuON.html
Peter_Pan ( Date: 07-Jan-2013 14:17) Posted:
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