MIDAS SECURED ANOTHER RMB 420 MILLION TRAIN CONTRACT

MIDAS’ JV COMPANY NPRT WINS RMB420 MILLION TRAIN CONTRACT
- NPRT to supply 56 train cars to Shenzhen Metro Line 4
- Lifts value of NPRT’s year-to-date contract wins to over RMB1.4 billion


Singapore & Hong Kong, May 29, 2013 – Midas Holdings Limited (麦达斯控股有限 公司) (“Midas” or the “Company”, together with its subsidiaries, the “Group”; SGX-ST
stock code: 5EN; SEHK stock code: 1021) today announced that its joint venture company, Nanjing SR Puzhen Rail Transport Co., Ltd. (“NPRT”) (南京南车浦镇城轨
车辆有限责任公司) has secured a RMB420 million contract.
The latest contract is awarded by MTR Corporation (Shenzhen) Ltd (港铁道交通(深 圳)有限公司) for the supply of 56 train cars for the Shenzhen Metro Line 4, with
delivery slated from 2013 to 2014.

This contract is expected to contribute positively to the Group’s financial performance for the 2013 and 2014 financial years.

buy this undervalued stock

one massive contract after another within 1-2 weeks

MIDAS PERFORMANCE PAST 3 YEARS & 1ST QUARTER 2013:

FY 2010
Profit = RMB 238.5m Profit margin = 28.8%

FY 2011 = RMB 187.4m profit margin = 20.9%

FY 2012
Profit = RMB 27.8m Profit margin = 5% PE = 106

FY 2013 1 st Q
Profit = RMB 4.9m (loss)

From the data everyone can see that Midas performance is very bad.
Divident paid out is reducing yearly instead of increasing.

From the above I find it is very dangerous to cheer and promote this stock and post in so many forums.
We should be helping and promoting only safe stocks in this forum so that everyone can invest sucessfully.
I'm not worry about season investors but it's the new investors I'm worry about.

MIDAS POISED FOR BIG RALLY