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GorgeousOng ( Date: 16-Aug-2013 16:22) Posted:
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Hahahaaa!Kiang Si run liao ?? Buy at.46 sell at .53 Good play!!!
Remember you are always welcome to sit in the board of directors again yah!
Cheers SSH!
ruanlai ( Date: 16-Aug-2013 18:16) Posted:
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ruanlai ( Date: 16-Aug-2013 18:16) Posted:
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U.......
C @ @.......WOW SO BIG.........
ME RUN ROAD LIAO...........SISTER.......
GorgeousOng ( Date: 16-Aug-2013 17:20) Posted:
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Sia Mi......
C @ @
Peter_Pan ( Date: 16-Aug-2013 17:56) Posted:
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ruanlai ( Date: 16-Aug-2013 17:16) Posted:
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ruanlai ( Date: 16-Aug-2013 17:16) Posted:
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Steady lah brother.....My apology to you......
Kiang Si also can make money.....
I salute you.
Btw, I always buy at low.....from 46cents till now still buying........
Afraid one day become SSHs must declare ....... so always calculating the % when I bought.....Ha Ha
GorgeousOng ( Date: 16-Aug-2013 16:22) Posted:
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What I mean this time will be the same Lah
samson ( Date: 16-Aug-2013 16:59) Posted:
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Midas JV NPRT wins two metro contracts in China
17 August 2012Midas Holdings' joint venture company, Nanjing SR Puzhen Rail Transport (NPRT), has received two metro contracts worth RMB1.4bn ($219.9m) in China. Wuxi Rail Transport Development awarded the first contract, worth RMB663m ($104m), to supply 23 train sets (138 cars) for the Wuxi Metro Line 2 project. Trains under this deal are scheduled to be delivered from 2013 to 2014 and will contribute to Midas's performance for the financial years ending 2013 to 2014. NPRT secured the second contract, worth RMB756m ($118.7m), from Hangzhou Metro to supply 27 train sets (162 cars) for the Hangzhou Metro Line 2 project between 2013 and 2016. Commenting on the new contracts, Midas CEO Patrick Chew said: " With this new development, NPRT's year-to-date contract wins increase to four contracts for 535 train cars, with an aggregate value of approximately RMB2.8 billion." In July 2012, NPRT won an RMB860m ($135m) contract from Dongguan Rail Transit to supply metro train sets to the Dongguan Rapid Railway R2 Line project. The deal calls for NPRT to deliver 20 train sets (20 cars) between 2013 and 2015. Midas has a 32.5% stake in NPRT, which is involved in the development, manufacture and sale of metro trains, bogies and their related parts.
short seller kliis ??
bullets coming by next weeks
so many seller this train how to fly .
bulets trains coming next weeks
Midas Holdings outlook brightens on possible new China train tenders
Tenders could resume soon and boost revenues.
OCBC notes that China Railway Corporation (CRC) recently increased its railway fixed assets investment target by CNY10b to CNY660b in 2013, which in turn fuels expectations that new high-speed train tenders may be resumed soon by CRC. This development will benefit major train manufacturers, of which many are Midas customers.
Here's more from OCBC:
2Q13 beats expectations as NPRT turns around. Midas Holdingsā?? 2Q13 results came in above our expectations, with revenue and PATMI soaring 29.2% and 834.1% YoY to CNY284.0m and CNY14.9m, respectively. Midas started to supply aluminium alloy extrusion profiles for freight wagons to its existing customers (previously focused on passenger train cars). This helped to boost its topline growth, although gross margin dipped 9.0ppt to 22.5% due to lower margins for freight wagons. The spike in earnings was largely due to a turnaround from its associated company, Nanjing SR Puzhen Rail Transport (NPRT), which contributed a share of profit of CNY3.1m in 2Q13 as compared to a hefty CNY14.1m share of loss in 2Q12. While we note that profit from operations actually fell 15.2% YoY to CNY35.9m, it was still ahead of our forecast. For 1H13, revenue grew 8.0% to CNY486.4m, while PATMI fell 40.8% to CNY10.0m due to a net loss in 1Q13. This constituted 53.4% and 28.6% of our FY13 projections, respectively. We are expecting 2H13 PATMI to improve significantly on a HoH basis. An interim DPS of 0.25 S cents was declared, similar to 1H12 and our forecast. As at 30 Jun 2013, the order book for Midas and NPRT stood at CNY700m and CNY9b, respectively.
Positive industry news flow raises optimism. China Railway Corporation (CRC) recently increased its railway fixed assets investment target by CNY10b to CNY660b in 2013, of which ~CNY530b is expected to be spent on railway infrastructure and the balance on rolling stock procurement. There are expectations that new high-speed train tenders may be resumed soon by CRC, and we understand that the major train manufacturers (customers of Midas) have already been making preparations in anticipation of this.
Increase valuation peg and reiterate BUY. We raise our FY13 revenue and PATMI forecasts by 12.6% and 16.0%, respectively. Our FY14 estimates are unchanged. Ascribing a higher P/B target peg of 1.3x (equivalent to its 5-year average forward P/B) due to a more positive industry outlook and rolling forward our valuations to blended FY13/14F BVPS, we raise our fair value estimate on Midas from S$0.54 to S$0.65. Reiterate BUY.
ruanlai ( Date: 16-Aug-2013 15:48) Posted:
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New123 ( Date: 16-Aug-2013 16:11) Posted:
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Peter_Pan ( Date: 16-Aug-2013 16:08) Posted:
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