MIDAS HOLDINGS

load up on this gem now ... 2nd big high speed rail tender to be out this quarter Q4

MIDAS ANNOUNCES INTERNATIONAL AND PRC METRO CONTRACT WINS
WORTH OVER RMB221.8 MILLION


- Secures contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to two major train projects in Europe worth €17.7million

- Wins contracts to supply aluminium alloy extrusion profiles and certain fabricated parts to major PRC metro projects worth RMB75.9 million

- Expects contracts to contribute positively to the Group’s financial performance from 2013 to 2017

Midas recorded a surge in 2Q13 PATMI to CNY14.9m as orders started picking up. With the Chinese Government reaffirming its investment in railway infrastructure, there is a good chance of more order flows for Midas over the next few quarters. We also expect positive contribution from its associate NPRT to boost its FY13 earnings. Maintain BUY, with TP of SGD0.75, based on 1.5x FY13F P/BV

MIDAS's technical indicators are real bullish now . After these 2 months of consolidation , it is poised for major rocket .

RSI at 45

MACD doing a golden crossover right now

Stochastic indicators crossing to BUY region

Parabolic SAR just in place for rally .

As i said , today is the beginning of the surge

ZEN wrote: MIDAS's technical indicators are real bullish now . After these 2 months of consolidation , it is poised for major rocket .

RSI at 45

MACD doing a golden crossover right now

Stochastic indicators crossing to BUY region

Parabolic SAR just in place for rally .

LOAD AND BUY NOW

BIG RALLY TO 75c target as set by many analysts