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U know insider?? Pls give more lobang gg fwd...
ruanlai ( Date: 14-Aug-2013 09:34) Posted:
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really will halt?
sigh!
Tomique ( Date: 14-Aug-2013 09:31) Posted:
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Results Announcement going to make soon from now
How do you know?
ruanlai ( Date: 14-Aug-2013 09:29) Posted:
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Midas going to halt soon.
On the road to recovery
Midasâ??s JV company, NPRT has landed another metro contract valued at Rmb1.1bn, which brings total contracts won YTD to c.Rmb2.5bn. The latest and largest of the four contracts clinched this year was awarded by Nanjing Metro Group Co. Ltd. With the recovery of the Chinese
railway sector underway, we are positive that order wins by Midas and its associates will gain momentum and NPRTâ??s earnings will turn around in FY13. Our earnings estimates are unchanged, as is our S$0.70 target price that is still based on 1.29x CY13 P/BV (20% discount to 2010-11 avg.
P/BV of 1.62x). We maintain our Outperform rating, which is premised on Midasâ??s ability to tap into the recovery of Chinaâ??s railway sector. What Happened Midasâ??s JV company NPRT and its
partners announced that they had won a Rmb1.1bn metro contract, the largest of four contracts secured this year. This brings the total value of contracts won YTD to c.Rmb2.5 bn. The contract was awarded by Nanjing Metro Group Co. Ltd for the supply of 29 train sets or 174 train cars for
Phase 1 of the Nanjing Metro Line 4 project. Delivery is slated for FY14-16 and will contribute positively to Midasâ??s earnings in those years. What We Think The substantial contract win will
provide assurance to investors that NPRT is gaining order momentum, in tandem with the recovery of Chinaâ??s railway industry. NPRT has registered losses since FY12 but we are confident that it will turn around in 2H13 and start making a positive contribution to Midasâ??s earnings. While we are
excited by NPRTâ??s second metro contract win in a week, we are still waiting for the resumption of
high-speed rail contracts that will have a greater impact on Midasâ??s earnings.
What You Should Do We believe that Midas is poised to benefit from the recovery of Chinaâ??s
railway sector, particularly from the resumption of high-speed rail contracts. We maintain our Outperform rating on the stock.
CIMB
Ind Goods & Services SINGAPORE
June 5, 2013
IMPORTANT
China plans to invest at least 4 trillion yuan by 2020 in urban rail construction
Caijing | 2013-8-13 16:34:17
Chinese governments have ramped up investments in urban rail network constructions with local economic planning agencies fast tracking approvals of plans to boost growth in the world's second-largest economy.
Local bureaus of the National Development and Reform Commission in over 10 cities have granted approvals to build or extend local urban rail networks in recent months.
That, combined with previous plans by 2020, totaled some 4 trillion yuan in urban rail investment with the network extending to nearly 6,000 kilometers, the 21st Century Business Herald reported, citing Hua Maokun, former chief engineer of the defunct railway ministry.
Local NDRC agency in the megacity of Chongqing in central China announced over the weekend a plan to start construction of a new urban rail before the end of this year.
The project, with an estimated investment of 31.4 billion yuan, was the first organized by Chongqing following July's decentralization. Previously only the central government has the right to approve local rail network construction plans.
The city is also planning to extend an existing subway line, starting within the year and is expected to attract roughly 4.1 billion in investment.
A municipal tramcar line will be built in the southern city of Zhuhai with an estimated investment of 850 million yuan. In the western province of Gansu, some 18.9 billion yuan will be invested to build a subway line in its capital city of Lanzhou. Similar projects are being considered or approved in other cities including Hangzhou in Zhejiang Province, Huainan (Jinagsu), Wuhan (Hubei) and Changsha (Hunan), according to the newspaper.
China's State Council, the cabinet, said in late July that it planned to boost infrastructure construction in cities, with rail network one of the major areas.
The State Council meeting, chaired by Premier Li Keqiang, also vowed policy support to expand financing channels by attracting private investments.
Nearly all the cites, meeting the central government's requirements for railway network, are planning or building subway lines, said Wang Mengshu, a member of the Chinese Academy of Engineering. Wang was reportedly shuttling from one city to another, almost non-stop, offering advice to local governments.
A total of 36 local cities have approved plans to build subway lines, said Hua Maoun, estimating that by 2020 the country will have a rail network of nearly 6,000 kilometers in total.
That is in line with NDRC's expectation. An official with the NDRC told media the country will expand city rail network to 3,000 by 2015 and 6,000 by 2020, with combined investment at 3-4 trillion yuan.
In 2013 only, investment in rail network will expand 40 billion from last year to 220 billion yuan, according to calculations by the NDRC.
Caijing | 2013-8-13 16:34:17
Chinese governments have ramped up investments in urban rail network constructions with local economic planning agencies fast tracking approvals of plans to boost growth in the world's second-largest economy.
Local bureaus of the National Development and Reform Commission in over 10 cities have granted approvals to build or extend local urban rail networks in recent months.
That, combined with previous plans by 2020, totaled some 4 trillion yuan in urban rail investment with the network extending to nearly 6,000 kilometers, the 21st Century Business Herald reported, citing Hua Maokun, former chief engineer of the defunct railway ministry.
Local NDRC agency in the megacity of Chongqing in central China announced over the weekend a plan to start construction of a new urban rail before the end of this year.
The project, with an estimated investment of 31.4 billion yuan, was the first organized by Chongqing following July's decentralization. Previously only the central government has the right to approve local rail network construction plans.
The city is also planning to extend an existing subway line, starting within the year and is expected to attract roughly 4.1 billion in investment.
A municipal tramcar line will be built in the southern city of Zhuhai with an estimated investment of 850 million yuan. In the western province of Gansu, some 18.9 billion yuan will be invested to build a subway line in its capital city of Lanzhou. Similar projects are being considered or approved in other cities including Hangzhou in Zhejiang Province, Huainan (Jinagsu), Wuhan (Hubei) and Changsha (Hunan), according to the newspaper.
China's State Council, the cabinet, said in late July that it planned to boost infrastructure construction in cities, with rail network one of the major areas.
The State Council meeting, chaired by Premier Li Keqiang, also vowed policy support to expand financing channels by attracting private investments.
Nearly all the cites, meeting the central government's requirements for railway network, are planning or building subway lines, said Wang Mengshu, a member of the Chinese Academy of Engineering. Wang was reportedly shuttling from one city to another, almost non-stop, offering advice to local governments.
A total of 36 local cities have approved plans to build subway lines, said Hua Maoun, estimating that by 2020 the country will have a rail network of nearly 6,000 kilometers in total.
That is in line with NDRC's expectation. An official with the NDRC told media the country will expand city rail network to 3,000 by 2015 and 6,000 by 2020, with combined investment at 3-4 trillion yuan.
In 2013 only, investment in rail network will expand 40 billion from last year to 220 billion yuan, according to calculations by the NDRC.
LOL..........
ruanlai ( Date: 13-Aug-2013 18:31) Posted:
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Wa Ruan Lai.
Le Eng Kai Kio Zho
Xi Bie Ruan Lai
K N N
francisd ( Date: 13-Aug-2013 16:20) Posted:
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May I know where did you get the profit warning from?Thank you!
francisd ( Date: 13-Aug-2013 16:20) Posted:
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Hope for good results tomorrow and move towards 0.60. huat huat huat ,
grats those still holding on.. could have more profit if I hold on also
The Board of Directors of Midas will be convening a meeting on 14/08/2013 to approve the interim results and among other things consider giving a dividend (if any).
Wow! This sounds interesting. Dividends means good for health..Hahaha.
Is this zhun or not?
samson ( Date: 13-Aug-2013 11:23) Posted:
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PROFIT WARNING is already there.
If shortists have been pushing the price up all will know of the downfall by Thursday.
BEWARE. Watch out guys.
Cheers.
dun resist the inevitable.. it will explode
hahaha already sold liao lay not yet buy back
GorgeousOng ( Date: 13-Aug-2013 13:24) Posted:
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Shh..shh ..shh
Sing at low key... If dont believe ask
NoMoney... 信 不 信 由 你 .... Shortists are watching us!!!!
Sing at low key... If dont believe ask
NoMoney... 信 不 信 由 你 .... Shortists are watching us!!!!
Tomorrow morning before the market open........they will announce the result and declare the
DIVIDENDS.....
Huat lar......
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Midas Holdings: Green Shoots Of Recovery Buy, TP $0.75 The newly formed China Railway Corp issued Rmb20bn bonds last Thursday. In our view, it is a necessary move to get China?s ambitious railway plans back in gear and could potentially result in more intensive investments in the 2H13. We continue to like Midas as a major beneficiary of the investments in China railway sector. Maintain our BUY rating and target price of SGD0.75. The bond sales could help to ease the concern on the funding source for developing China?s rail system. The RMB20b bonds are just the first batch of the RMB150b bonds that China Railway is expected to issue this year. Total investment in the China rail sector YTD also lags behind the full year investment target of RMB650b due to the restructuring of the Ministry of Railways. That implies MIDAS SP | Mkt Cap USD464.3m | ADTV USD3.3m |
from Kim Eng
http://research.maybank-ib.com/pdf/email_content/SG_Daily_270513_1426.pdf