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From DMG:
Midas Holdings: Secures contracts worth Rmb603m (BUY\S$0.655\Target Under Review)
Singapore Research
Secures largest-ever project order win.
Division, Jilin Midas Aluminium Industries, has secured two contracts that are worth Rmb603m
collectively. These contracts will be for the supply of aluminium alloy extrusion profiles for a total
of 100 train sets for the inter-city high-speed train CRH3-380 project in China.
Midas Holdings announced that its Aluminium AlloyWe reiterate that Midas’ ability to clinch these contacts
position in the PRC rail transportation sector. Additionally, the PRC government’s Rmb4 trillion
stimulus package – which has a strong focus on rail infrastructural development – is generating
many opportunities in the railway infrastructure market.
further proves its market leadershipValuations.
maintain our BUY recommendation with target price of S$0.855 under review.
Just b careful n not conned by all these queues, at most times they are fake sell q by syndicates or BB to block n create a fear while at the same time, they had aredi queued at the buy q waiting for u to throw to them n likewise, if they want to sell to u, they will put a big block behind the buy q to create the impression of a big buy q n had aredi queued at the sell q waiting for u to buy from them, they are very alert n can pullout of the q anytime they want.
Anyway, this is just my opinion, not an inducement to buy or sell, dyodd
aleoleo ( Date: 17-Jun-2009 09:12) Posted:
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Wow! I see the inter-city high-speed train “Midas” is set to speed up to 350km/h!
Both below contracts are to be fulfilled over the second half of 2009 to 2011, thus having a
positive impact on the Group’s financials over the financial years ending December
31, 2009, 2010 and 2011.
The first contract, worth RMB306 million, was awarded by CNR Changchun Railway
Vehicles Co., Ltd
The second contract, worth RMB297 million, was awarded by CNR Tangshan
Railway Vehicles Co., Ltd (“Tangshan Railway”)
knightbridge ( Date: 09-Jun-2009 19:33) Posted:
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| Seadeucer ( Date: 16-Jun-2009 21:06) Posted: |
This is why never naked short certain counters..
If good news, big problem for naked short investor.. If bad news, also cannot sleep until annoucement is make...
knightbridge ( Date: 11-Jun-2009 18:56) Posted:
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foucs6900 ( Date: 16-Jun-2009 15:49) Posted:
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What happened? MIDAS suspended..
My last line of defence whereby I will close my positions is at 0.605 (closing price on 21/5 n 50ema).
This is just my analysis n I may be wrong, so dyodd.
not correction..just stagnant..as the BB,instituitions are not participating..
as long as they don't sell of in large quantities..this stock will be just fine..
Another round of correction. -- just a small one.
Just my view.
ozone2002 ( Date: 11-Jun-2009 19:21) Posted:
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today down bar on low vol... looks like uptrend intact
confirmation of the upbar tomorrow on decent vol will conclude the uptrend..
ozone2002 ( Date: 10-Jun-2009 22:50) Posted:
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