Midas Holdings

[mkmk]

http://infopub.sgx.com/FileOpen/Midas_Hi...eID=260460

MIDAS WINS HIGH-SPEED TRAIN CONTRACTS WORTH RMB167.5 MILLION
- For the supply of aluminium alloy extrusion profiles and certain fabricated parts for high speed trains to major PRC train manufacturers

(not vested)

[kayhian]

Midas Holdings: Secures metro contracts worth CNY71.9m

Midas Holdings (Midas) announced last evening that it has secured two metro contracts in China from CNR Changchun Railway Vehicles totalling CNY71.9m. The first contract is valued at CNY47.2m and involves the supply of aluminium alloy extrusion profiles for 38 train sets (or 228 train cars) for the Shenzhen Metro Lines 2 and 5 projects, with delivery scheduled between 2014 and 2015. The second contract is worth CNY24.7m and entails the supply of aluminium alloy extrusion profiles for 24 train sets (or 144 train cars) for the Wuhan Metro Line 4 project, with delivery slated in 2014. This is Midas’ first announced contract win of the year, and we believe the group is still in a strong position to clinch high-speed railway contracts from China CNR worth an estimated CNY325-380m in the coming weeks. We retain our forecasts as we have assumed such contract wins in our model. Reiterate BUY and S$0.66 fair value estimate on Midas, pegged to 1.3x FY14F P/B. (Wong Teck Ching Andy)

BUY!!!!!

[kayhian]

China railway stocks surge as government says to speed up construction

Wed Apr 2, 2014 10:51pm EDT

(Reuters) - Shares in China's railway-related companies jumped on Thursday led by China Railway Construction Corp after the government said it would speed up the construction of railway lines.

The cabinet said after its weekly meeting that it will accelerate the construction of rail projects that have been approved, and increase the length of lines being laid this year by 18 percent compared with 2013.

China Railway Construction Corp's Hong Kong-listed shares soared 9 percent.

China CNR Corp Ltd, the country's second-largest listed train maker, climbed 1.9 percent in Shanghai, while bigger rival CSR Corp Ltd gained 4 percent in Hong Kong.

Transportation infrastructure company China Communications Construction Co Ltd climbed 4 percent compared with a 0.4 percent gain in the benchmark Hang Seng Index.

[investingsgx]

China railway stocks surge as government says to speed up construction

Wed Apr 2, 2014 10:51pm EDT

(Reuters) - Shares in China's railway-related companies jumped on Thursday led by China Railway Construction Corp after the government said it would speed up the construction of railway lines.

The cabinet said after its weekly meeting that it will accelerate the construction of rail projects that have been approved, and increase the length of lines being laid this year by 18 percent compared with 2013.

China Railway Construction Corp's Hong Kong-listed shares soared 9 percent.

China CNR Corp Ltd, the country's second-largest listed train maker, climbed 1.9 percent in Shanghai, while bigger rival CSR Corp Ltd gained 4 percent in Hong Kong.

Transportation infrastructure company China Communications Construction Co Ltd climbed 4 percent compared with a 0.4 percent gain in the benchmark Hang Seng Index.

Not i don't trust this news or the positive prospects of this company. Is only the fact that this is a china company whose accounts cannot be trusted.

[greengiraffe]

China railway stocks surge as government says to speed up construction

Wed Apr 2, 2014 10:51pm EDT

(Reuters) - Shares in China's railway-related companies jumped on Thursday led by China Railway Construction Corp after the government said it would speed up the construction of railway lines.

The cabinet said after its weekly meeting that it will accelerate the construction of rail projects that have been approved, and increase the length of lines being laid this year by 18 percent compared with 2013.

China Railway Construction Corp's Hong Kong-listed shares soared 9 percent.

China CNR Corp Ltd, the country's second-largest listed train maker, climbed 1.9 percent in Shanghai, while bigger rival CSR Corp Ltd gained 4 percent in Hong Kong.

Transportation infrastructure company China Communications Construction Co Ltd climbed 4 percent compared with a 0.4 percent gain in the benchmark Hang Seng Index.

Not i don't trust this news or the positive prospects of this company. Is only the fact that this is a china company whose accounts cannot be trusted.

Apart from that analysts from OCBC and Maybank KE are justifying their BUYs on Midas on P/B rather than PE (in high 20s) for lumpy contract based business that largely hinges on macro drivers.

May be better direct plays on Chinese railroad players listed on HKSE

[CY09]

Just to share my thoughts, please don't take many of the brokerage analyst reports too seriously (especially those released on research remisier).

When I started out, I assumed the brokerage reports were one hack of good reports. But alas, I learnt the hard way and have lost a fair bit on following our local brokerage reports. In my view, the views of these reports lag the counters by 6 months. I think many forumers will notice often the brokerages issued reports are always "buy" and rarely sell. When brokerages issue hold/sell calls for a particular counter, the counter would have long tanked far below their previous prices when the same brokerages were issuing buy calls.

So please, take brokerage reports lightly. Always do your own due diligence

[DP28]

China railway stocks surge as government says to speed up construction

Wed Apr 2, 2014 10:51pm EDT

(Reuters) - Shares in China's railway-related companies jumped on Thursday led by China Railway Construction Corp after the government said it would speed up the construction of railway lines.

The cabinet said after its weekly meeting that it will accelerate the construction of rail projects that have been approved, and increase the length of lines being laid this year by 18 percent compared with 2013.

China Railway Construction Corp's Hong Kong-listed shares soared 9 percent.

China CNR Corp Ltd, the country's second-largest listed train maker, climbed 1.9 percent in Shanghai, while bigger rival CSR Corp Ltd gained 4 percent in Hong Kong.

Transportation infrastructure company China Communications Construction Co Ltd climbed 4 percent compared with a 0.4 percent gain in the benchmark Hang Seng Index.

Not i don't trust this news or the positive prospects of this company. Is only the fact that this is a china company whose accounts cannot be trusted.

Apart from that analysts from OCBC and Maybank KE are justifying their BUYs on Midas on P/B rather than PE (in high 20s) for lumpy contract based business that largely hinges on macro drivers.

May be better direct plays on Chinese railroad players listed on HKSE

Agreed. CSR HK1766 its one of my favourite

[kayhian]

China railway stocks surge as government says to speed up construction

Wed Apr 2, 2014 10:51pm EDT

(Reuters) - Shares in China's railway-related companies jumped on Thursday led by China Railway Construction Corp after the government said it would speed up the construction of railway lines.

The cabinet said after its weekly meeting that it will accelerate the construction of rail projects that have been approved, and increase the length of lines being laid this year by 18 percent compared with 2013.

China Railway Construction Corp's Hong Kong-listed shares soared 9 percent.

China CNR Corp Ltd, the country's second-largest listed train maker, climbed 1.9 percent in Shanghai, while bigger rival CSR Corp Ltd gained 4 percent in Hong Kong.

Transportation infrastructure company China Communications Construction Co Ltd climbed 4 percent compared with a 0.4 percent gain in the benchmark Hang Seng Index.

Not i don't trust this news or the positive prospects of this company. Is only the fact that this is a china company whose accounts cannot be trusted.

Apart from that analysts from OCBC and Maybank KE are justifying their BUYs on Midas on P/B rather than PE (in high 20s) for lumpy contract based business that largely hinges on macro drivers.

May be better direct plays on Chinese railroad players listed on HKSE

My logical move would be trade direct plays and invest indirect plays.

Trade with caution

[funman168]

yeah, pls dun believe the opinions of the reports. I hv too learn by paying lots of "school fees". only thing gd abt the reports is maybe can find out more details abt the companies...

Just to share my thoughts, please don't take many of the brokerage analyst reports too seriously (especially those released on research remisier).

When I started out, I assumed the brokerage reports were one hack of good reports. But alas, I learnt the hard way and have lost a fair bit on following our local brokerage reports. In my view, the views of these reports lag the counters by 6 months. I think many forumers will notice often the brokerages issued reports are always "buy" and rarely sell. When brokerages issue hold/sell calls for a particular counter, the counter would have long tanked far below their previous prices when the same brokerages were issuing buy calls.

So please, take brokerage reports lightly. Always do your own due diligence

[kayhian]

Midas clinches $64 million of contracts for train car body components

Published on Apr 07, 2014

Midas Holdings said on Monday that it has won 318 million yuan (S$64.4 million) worth of contracts for high-speed train car body components worth from CNR Tangshan Railway Vehicle Company.

The deals were won by Midas subsidiary Jilin Midas Aluminium Industries Company.

Jilin Midas will supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds up to 350 kilometres per hour.

The components are slated for delivery this year. The contracts are expected to contribute positively to Midas' financial performance for the financial year ending Dec 31 this year.

Source: http://www.straitstimes.com/breaking-new...s-20140407