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Old news le.. Anymore ?
samson ( Date: 26-Aug-2013 16:03) Posted:
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China resumes tenders for high-speed trains
Aug 16 (Reuters) - China has reopened tenders for high-speed trains worth an estimated $8.2 billion, lifting a suspension imposed after a crash that killed dozens of passengers in 2011 and signalling a new phase of construction in the country's vast railway network.
State-owned giant China Railway Investment Corp (CRIC) said it had opened tenders for 91 bullet trains with a speed of 250 kilometres (155 miles) per hour.
The move marks the start of another wave of construction in the world's largest high-speed railway and indicates that the government feels public confidence in the network has recovered from the accident which killed at least 32 people in eastern Zhejiang province.
The railway investment firm said it opened the tenders on behalf of five Chinese regional railway bureaus of Nanchang, Chengdu, Nanning, Wuhan and Shanghai.
" Funds for purchases of these trains have already been reserved," it said in a statement.
The tenders are open only to China-based train makers which have licences for manufacturing high-speed trains, it added.
Local media estimated that the tenders would be worth more than 50 billion yuan ($8.2 billion), including trains, locomotives and supplementary equipment.
China's top two locomotive makers - China CSR Corp and China CNR Corp - are the two firms most likely to benefit from the new contracts, the media said.
" The tenders are only the first and will surely be followed by others over time," the official Shanghai Securities News said in a report on Friday.
China's cabinet announced last month that it would widen funding channels to speed railway investment, among a slew of other measures to boost the sharply slowing growth of the world's second largest economy.
The State Council decided to set up a railway development fund, with initial money from the central government but also trying to attract contributions from private investors.
The Zhejiang crash led to allegations of massive corruption, the arrest of the head of the railways ministry and eventually the break-up of the ministry's functions into separate commercial and regulatory agencies. (Reporting by Lu Jianxin and Pete Sweeney Editing by Stephen Coates)
Starting soon.... Be ready. Huat ah!!!
For once Midas so Quiet. The Cimmerian King taking a rest. Hopefully he did not fall off the bed.
Hawkeye ( Date: 25-Aug-2013 13:37) Posted:
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Midas with great probability will retrace and recover to Post Train Accident level of $1.10+ at year end once it secured the train supply of wagon for USD100billion China train project.
Midas trade in Wave C as Peter Pan posted, so far the wave is treading slowly upwards.
But with Ex CFO Tan leaving, he bring along with him some broking house support or those traders who rely on him for infor. So trading pattern for Midas may change, should not be much. Fundamentals for Midas is good in China since Midas is known to be a good quality Aluminium Product supplier.
Peter_Pan ( Date: 24-Aug-2013 12:43) Posted:
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If you shorted it you would have been fine.
fu6790g ( Date: 24-Aug-2013 12:10) Posted:
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To each his/her own really. But for me is yes for Midas. Due to the recent run-up from 0.40+, retracement in an uptrend wave is inevitable.
GorgeousOng ( Date: 24-Aug-2013 11:36) Posted:
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Bought this piece for $1 and have held it for almost 2 years, sold it off at 50cents loss is inevitable as this stock sucks big time, even when won big contract...........good luck all.
Do you think we should accumulate after Fed meeting?.... More certain of the market direction ... Just my thought.....
Peter_Pan ( Date: 24-Aug-2013 11:28) Posted:
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Continue accumulating the retracement. This one is a growth stock, the China's government HSR projects have started. Major customers are CSR and CNR. Major contract wins should happen this year. Good luck!
MACD started to trend down... closed slightly below 20day avg and mid-bollinger...pivot time...
Wave c is expected to be a very strong. Investors may consider. Traders trade the volatilities. Algos act the acts.
GorgeousOng ( Date: 23-Aug-2013 13:07) Posted:
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Hi there,
My son?
Now my son is the CEO of Gorgeous Fund Management.
You have mixed up! Is Ruanlai's son ba!!!
Cheers!!!!
Hawkeye ( Date: 23-Aug-2013 13:44) Posted:
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Midas ST: the upside prevails as long as 0.498 is support
Trading Central | 2013-08-20 23:45:00
The configuration is positive. 0.498 is our pivot point. Our preference: the upside prevails as long as 0.498 is support. Alternative scenario: below 0.498, expect 0.471 and 0.454. Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 0.49 and 0.47). Supports and resistances: 0.609 * 0.591 ** 0.574 0.525 last 0.509 0.498 ** 0.471 * Copyr 
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No need waste air ticket to go China lah. Haha. I can see one signal MACD trending up, so no fear. It is just not finished accumulating. Monday or Tuesday can see good action. Barring DOW don't do a somersault. All will be well that ends well. Huat arh!!
Hawkeye ( Date: 23-Aug-2013 13:44) Posted:
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Tomorrow make a trip up to China and have tea with Midas CEO Patrick and come home to have coffee with Ex CFO Tan?
How is your son coming along? Has he agreed to take over Ex CFO Tan so Midas can rally to $1.00 Ha Ha Ha :))
GorgeousOng ( Date: 23-Aug-2013 13:07) Posted:
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Siao liao??? Up or down? Can not see the MD
I am having lunch with Thai BB... LOL.....
🙊 🙈 🙉 🙉 🙈 🙊
Peter_Pan ( Date: 23-Aug-2013 13:02) Posted:
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when awards come....sure px will up oso lah.
Siao liao..
@ boy boy, Stomer seldom post. When he posts I believe he meant it. Cheers!!!!