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U hv 2 ask urself 1st. R u investing as a long term / juz short term ctr play?
dizzifying ( Date: 18-Jan-2010 14:53) Posted:
| S$1.08, do you think we can still catch? |
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S$1.08, do you think we can still catch?
wah cannot leh, ganna roadblock
Huat la... Up Up Up....
Abt SGD$70++ mil
sureesh40 ( Date: 18-Jan-2010 13:17) Posted:
How much is the contract value in sing dollars
blurblurman ( Date: 18-Jan-2010 12:39) Posted:
just sold my share in MIDAS...very regret. ..
and saw the latest news ....
NEWS RELEASE - MIDAS WINS RMB353 MILLION HIGH-SPEED TRAIN CONTRACT |
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Recent contracted project NM to current fisical year ..... only will show effect in FY 2011....i expect to see hugh profit taking in this counter...maybe back to 0.95 level....just my view.....
And although the contracts are not gigantic, they are consistently coming in. Very stable.
I guess pple now r not worried abt how much e ctt's valued. They r actually concerning e Q4 results & whether how much wld Midas'll give CD tis Qtr.
('',)
How much is the contract value in sing dollars
blurblurman ( Date: 18-Jan-2010 12:39) Posted:
just sold my share in MIDAS...very regret. ..
and saw the latest news ....
NEWS RELEASE - MIDAS WINS RMB353 MILLION HIGH-SPEED TRAIN CONTRACT |
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just sold my share in MIDAS...very regret. ..
and saw the latest news ....
NEWS RELEASE - MIDAS WINS RMB353 MILLION HIGH-SPEED TRAIN CONTRACT
NEWS RELEASE
MIDAS WINS RMB353 MILLION HIGH-SPEED TRAIN CONTRACT
- To supply 80 train sets, equivalent to 1,120 train cars, for the "CRH1" EMU high-speed train project in the PRC
Singapore, January 18, 2010
Awarded by Bombardier Sifang (Qingdao) Transportation Ltd (
Delivery of the train cars for the "CRH1" 350 – 380km/h EMU high-speed train project is expected to take place between 2010 to 2014. As such, the contract is expected to have a positive impact on the financial results for the financial years ending from 2010 to 2014.
Commented Mr Patrick Chew (– Mainboard-listed Midas Holdings Limited ("Midas") (麦达斯控股有限公司) is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd ("Jilin Midas") (吉林麦达斯铝业有限公司), has secured a contract worth RMB353 million to supply aluminium alloy extrusion profiles for a total of 1,120 train cars for the "CRH1" 350 – 380km/h EMU high-speed train project with maximum operating speeds of up to 380km/h. 青岛四方庞巴迪铁路运输设备有限公司), the RMB353 million contract is for the supply of 80 train sets (60 train sets x 16 train cars and 20 train sets x 8 train cars), or an equivalent to 1,120 train cars. 周华光), CEO of Midas, "We are delighted to have secured the prestigious "CRH1" EMU high-speed train project. The growing size of our contracts secured over the years is a testament to Midas’ leading market position as well as the growing market opportunities in the PRC railway infrastructure market. Page 2 of 3
We will continue to leverage on our capabilities and upcoming capacity expansion to capture the vast market potential."
About Midas Holdings Limited
Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products, primarily for the rail transportation sector in the PRC. Midas’ operations are strategically located in the PRC to capitalise on the opportunities arising from the rapid development of the PRC’s rail transport and infrastructure sectors.
In July 2009, Midas was awarded the prestigious International Railway Industry Standard (IRIS) certification, which represents the most stringent requirements on quality standards in the global rail transportation industry and is recognised by railway industry players worldwide. Midas is the first company in the PRC to receive the IRIS certification in its business category.
Midas is currently a PRC certified supplier to the world’s largest train manufacturers, ALSTOM SA, Siemens and Changchun Bombardier. In addition, it is a preferred supplier for Alstom Transport’s projects globally, under Alstom’s "Leading Partners 150" programme.
Midas’ customers include ALSTOM Transport SA, Siemens International Trading Ltd, Bombardier Transportation, Changchun Railway Vehicles Co., Ltd, CNR Tangshan Locomotive and Rolling Stock Works, Nanjing SR Puzhen Rail Transport Co., Ltd and CSR Zhuzhou Electric Locomotive Co., Ltd.
Since 2003, Midas has been involved in many high profile rail transport projects in the PRC. In addition, it has also successfully exported its products to the international market including Europe, Middle East, Korea and Singapore since 2004. Page 3 of 3
Besides its core business, Midas has a 32.5% equity stake in a Sino-foreign joint venture, Nanjing SR Puzhen Rail Transport Co., Ltd, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts.
In September 2007, Midas’ Aluminium Alloy Division was named "2007 China’s Top Brand" by the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China ("AQSIQ") (
Midas was also named a Forbes Asia’s Best Under A Billion Company consecutively for four years from 2006 to 2009.
ISSUED ON BEHALF OF : Midas Holdings Limited
BY : Citigate Dewe Rogerson, i.MAGE Pte Ltd
1 Raffles Place
#26-02 OUB Centre
SINGAPORE 048616
CONTACT : Ms Chia Hui Kheng / Ms Kelyn Tan
at telephone
DURING OFFICE HOURS : 6534-5122 (Office)
AFTER OFFICE HOURS : 9781-5913 / 9781-3605 (Handphone)
EMAIL : huikheng.chia@citigatedrimage.com
kelyn.tan@citigatedrimage.com
004/10/002/MHL
January 18, 2010 国家质量监督检验检疫总局).
While other stocks had made quantum leap, over the same period, Midas was consolidating and making modest gain incrementally. Thus, I am optimistic on this counter.
tradersgx ( Date: 17-Jan-2010 01:08) Posted:
DBS Research 12Aug'09
Midas' 12 mths Price Target : S$ 1.10
Forecast PE (X): 19.9
Forecasts and Valuation 2009.F
Turnover.F: $146m
Net Profit.F: $38m
P&L:
Turnover: 1Q2009A $31.4m 2Q2009A $37.8m 3Q2009A $37.0m 4Q2009F $39.8m
Net Profit: 1Q2009A $8.5m 2Q2009A $9.4m 3Q2009A $9.4m 4Q2009F $10.7m
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DBS Research 12Aug'09
Midas' 12 mths Price Target : S$ 1.10
Forecast PE (X): 19.9
Forecasts and Valuation 2009.F
Turnover.F: $146m
Net Profit.F: $38m
P&L:
Turnover: 1Q2009A $31.4m 2Q2009A $37.8m 3Q2009A $37.0m 4Q2009F $39.8m
Net Profit: 1Q2009A $8.5m 2Q2009A $9.4m 3Q2009A $9.4m 4Q2009F $10.7m
I think this is almost the limit of this counter...$1.10.....Can break it and stay above while other is having correction....i expext to see ppl profit take this counter soon...sorry, just my view...this counter is no long cheap.....
Lately hovering at 1.06 ..1.07 looks set to upsurge to the next level at 1.15
Bon3260 ( Date: 16-Jan-2010 13:45) Posted:
So u r in A-Group! Got u! ('',)
risktaker ( Date: 16-Jan-2010 10:45) Posted:
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1.04 Support will be strong :) A group will support it |
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So u r in A-Group! Got u! ('',)
risktaker ( Date: 16-Jan-2010 10:45) Posted:
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1.04 Support will be strong :) A group will support it
Bon3260 ( Date: 15-Jan-2010 23:12) Posted:
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Victorf,
When u said buy on dip. Buy @ wat price level actually? Cld u kindly spell out e buying price in future? So dat new babies'll noe it.
('',) |
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1.04 Support will be strong :) A group will support it
Bon3260 ( Date: 15-Jan-2010 23:12) Posted:
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Victorf,
When u said buy on dip. Buy @ wat price level actually? Cld u kindly spell out e buying price in future? So dat new babies'll noe it.
('',)
victorf ( Date: 14-Jan-2010 14:22) Posted:
buy on dip for MIDAS.....as said last few days, technically bullish counter.....good luck :)
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Victorf,
When u said buy on dip. Buy @ wat price level actually? Cld u kindly spell out e buying price in future? So dat new babies'll noe it.
('',)
victorf ( Date: 14-Jan-2010 14:22) Posted:
buy on dip for MIDAS.....as said last few days, technically bullish counter.....good luck :)
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buy on dip for MIDAS.....as said last few days, technically bullish counter.....good luck :)
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