MIDAS HOLDINGS

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #19851 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

Currently, 36 PRC cities have embarked on plans to build urban rail solutions such as metrosystems. This number is expected to increase as growing affluence and urbanisation drive PRC cities to upgrade their transport systems in response to the strains experienced in their current
public transport networks.

Investments into the urban rail network is expected to reach RMB220 billion in 2014, an increase of RMB40 billion from 2013.

The topic has been locked.

ZEN
Topic Author
Offline
Elite Member

9 years 11 months ago #19858 by ZEN

Replied by ZEN on topic MIDAS HOLDINGS

More good days ahead with rmb 800 billion investment this year

The topic has been locked.

cheongsl
Visitor

9 years 11 months ago - 9 years 11 months ago #19859 by cheongsl

Replied by cheongsl on topic MIDAS HOLDINGS

ZEN wrote: MIDAS SWINGS TO NET PROFIT OF RMB11.5 MILLION IN 1Q2014

- Revenue up 46.7% to RMB296.9 million

- Aluminium Alloy Extruded Products Division revenue up 51.5% to RMB296.4 million

- Associate NPRT contributes RMB13.1 million to bottomline

Group revenue increased 46.7% from RMB202.4 million in 1Q2013 to RMB296.9 million in 1Q2014, driven mainly by the Group’s Aluminium Alloy Extruded Products
Division, which reported a 51.5% increase in revenue to RMB296.4 million in 1Q2014.

As a result of the above, the Group achieved a net profit of RMB11.5 million in 1Q2014. The Group’s balance sheet remains healthy, with cash and cash equivalents of RMB1.2 billion as at March 31, 2014.

Revenue 296million, Trade receivable increase by 393million to 1,393 million.
Long terms borrowing increase by 487million.
Total borrowing is 3,087million, how much interest they will need to substain in future? Just imagine from 3Q to 4Q last year the borrowing is increase by 1000million and this borrowing seems to continue trend as 1Q borrowing still is a major trend.

They still continue to finance the operation through bank borrowing and not get back from the customer what being delay in payment.

Last edit: 9 years 11 months ago by cheongsl.

The topic has been locked.

FairPerson
Offline
Premium Member

9 years 11 months ago #19860 by FairPerson

Replied by FairPerson on topic MIDAS HOLDINGS

cheongsl wrote:
ZEN wrote: MIDAS SWINGS TO NET PROFIT OF RMB11.5 MILLION IN 1Q2014

- Revenue up 46.7% to RMB296.9 million

- Aluminium Alloy Extruded Products Division revenue up 51.5% to RMB296.4 million

- Associate NPRT contributes RMB13.1 million to bottomline

Group revenue increased 46.7% from RMB202.4 million in 1Q2013 to RMB296.9 million in 1Q2014, driven mainly by the Group’s Aluminium Alloy Extruded Products
Division, which reported a 51.5% increase in revenue to RMB296.4 million in 1Q2014.

As a result of the above, the Group achieved a net profit of RMB11.5 million in 1Q2014. The Group’s balance sheet remains healthy, with cash and cash equivalents of RMB1.2 billion as at March 31, 2014.

Revenue 296million, Trade receivable increase by 393million to 1,393 million.
Long terms borrowing increase by 487million.
Total borrowing is 3,087million, how much interest they will need to substain in future? Just imagine from 3Q to 4Q last year the borrowing is increase by 1000million and this borrowing seems to continue trend as 1Q borrowing still is a major trend.

They still continue to finance the operation through bank borrowing and not get back from the customer what being delay in payment.

ZEN

Many investors see this problem, more selling instead of buying would be seen in the coming days.

The topic has been locked.

FairPerson
Offline
Premium Member

9 years 11 months ago #19861 by FairPerson

Replied by FairPerson on topic MIDAS HOLDINGS

FairPerson wrote:
ZEN wrote: SELL ? I AM BUYING NON-STOP AT ANY PRICE NEAR 46.5 CENTS

Hit 46 cents today. 45.5 cents coming next week.

Zen

Just hit 45.5 cents, faster than I expected.

The topic has been locked.

FairPerson
Offline
Premium Member

9 years 11 months ago #19862 by FairPerson

Replied by FairPerson on topic MIDAS HOLDINGS

FairPerson wrote:
FairPerson wrote:
ZEN wrote: SELL ? I AM BUYING NON-STOP AT ANY PRICE NEAR 46.5 CENTS

Hit 46 cents today. 45.5 cents coming next week.

Zen

Just hit 45.5 cents, faster than I expected.

45 cents also came already.

The topic has been locked.

Time to create page: 0.234 seconds