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3941-3960 of 10484
A chance to sell into strength, since the new is out...Happi Trading to all.
teeth53 ( Date: 04-Mar-2012 21:20) Posted:
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http://sg.finance.yahoo.com/q/ta?s=5EN.SI& t=6m& l=on& z=l& q=l& p=& a=m26-12-9& c=
just sharing info - trade at out own risk...hope is can go higher, trading opportunites to buy and a chance to let go for those bot at a high.
More from The Edge -
| WRITTEN BY REUTERS |
| FRIDAY, 02 MARCH 2012 09:30 |
Midas jumps on China metro contract
Shares of Singapore-listed Midas Holdings, a supplier of aluminium components for trains, jumped more than 5% on Friday after its joint venture company won a 526.9 million yuan ($105 million) commuter rail contract in China.
By 9:14 a.m., Midas shares were up 5.3% at $0.40, outperforming the broader Straits Times Index, which was 0.6% higher.
Midas said on Thursday Nanjing SR Puzhen Rail Transport, in which it has a 32.5% equity stake, will supply 23 train sets to the Suzhou Metro Line 2 Project in China. Delivery is expected from 2013 to 2014.
“This development highlights the improving sentiment for China's metro industry, following the Shanghai metro train crash in September 2011,” OCBC Investment Research said in a report.
OCBC estimated the latest contract would boost NPRT's order book to around 7.5 billion yuan.
Vested...
Time frame: for trading and long term (buy on dips).
Below is for your info / reference only...
From The Edge
Midas unit wins $104m contract for Suzhou Metro Line 2 project
Midas Holdings announced on Mar 1 that Suzhou Rail Transit Line 2 Co. has awarded a metro contract worth RMB 526.9 million ($104 million) to its joint venture company, Nanjing SR Puzhen Rail Transport Co. (NPRT) to supply of metro train sets to the Suzhou Metro Line 2 project.
Under the terms of the contract, NPRT will supply 23 train sets or 115 train cars, with delivery expected to take place from 2013 to 2014. The contract is expected to contribute positively to the group’s financial performance for the financial years ending 2013 to 2014.
Midas has a 32.5% equity stake in NPRT, a Sino-foreign joint venture, engaged in the development, manufacture and sale of metro trains and related parts.
alexmay ( Date: 01-Mar-2012 18:42) Posted:
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different firm different call. cimb buy call target 52c. anyway, can trust all this so called analyst?
NO Buy call - HOLD. target price just 39 cents ?
tml flying high
MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT SECURES RMB526.9 MILLION METRO CONTRACT
When is the dividend given out?
how far can this baby go???
0.465?
moneycow ( Date: 29-Feb-2012 17:15) Posted:
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Dividends proposed 0.5 cents or $0.005 per share.
Rotary 2 cents ..
may be good for long-term / value investment lor...
taken from
http://www.theedgesingapore.com/the-daily-edge/business/36105-feb-29-noble-group-cdl-mewah-midas.html
Midas posted a 22% fall in its 2011 net profit to 187.4 million yuan ($37.1 million), hurt by lower contribution from its associate as fewer train cars were delivered its customers.
xing78 ( Date: 27-Feb-2012 01:31) Posted:
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Midas should forcus get more contracts and more jobs first.
JV thrown in the dust bin.
FULL YEAR RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
Feb 29 2012 07:36:52 AM (from SGX website)
Proposed a final cash dividend of 0.5 Singapore cents per ordinary share.
In total, this works out to a total dividend payout amounting to 1.0 Singapore cent
per ordinary share for FY2011.
I read from shareinvestor Midas going into a 100million joint venture to build a new production plant.
jamesng ( Date: 26-Feb-2012 23:52) Posted:
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Midas chart seems suggest it is dropping....does midas pay dividend? What is current PE????
Can start to load up???
richtan ( Date: 15-Oct-2009 15:28) Posted:
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I heard that during the bygone years of S-Chip fearing saga, our SGX were rather inapt in allowing anyone to list their s-chips. As many as had come as many were given listing. No discretion needed and subsequently so many failed.
In the course of events following, many good S-Chips were then dumped or neglected until this time when possible changes of fundamentals make them more sound than yester-years. China power is contributing to better and higher corporate managements, we can say that.
YingLi and Midas were probably the victims and played down indiscriminately by investors.
The two counters will have much to pick up from now. Should see them rallying soon.
My opinion need not be right, just exploring reasons.
jamesng ( Date: 26-Feb-2012 09:47) Posted:
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Assuming there is fundamental changes in their ever fast changing process in their train business and no mishap, no accidents, no breakdown and no corruption and trying best, covering up all the loop holes??.
Make $$$ while d sun is shining, while those kena stuck, a good chances come their way.
jamesng ( Date: 26-Feb-2012 09:47) Posted:
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