MIDAS HOLDINGS

  • Value Investor
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11 years 8 months ago #9647 by Value Investor
Replied by Value Investor on topic Re:MIDAS HOLDINGS
I agree with Zen -- there will be a good run up in Midas when the Chinese govt starts tenders for railway lines again. It is inevitable - only question is how soon.
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11 years 8 months ago #9676 by Value Investor
Replied by Value Investor on topic Re:MIDAS HOLDINGS
There are concerns about Midas' cash position. 2013 can be covered but business revenue must improve or else it will have to delay its capex plans for plant in Luoyang.
Midas has cash of RMB671m. It's a matter of time, maybe even just months, before the rail industry tenders re-start again.
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  • Train spotter
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11 years 8 months ago #9708 by Train spotter
Replied by Train spotter on topic Re:MIDAS HOLDINGS
At 28.5 cents currently, Midas’s share price is hovering near its all-time low of 26 cents.

There are recent positive developments in China’s railway industry. CIMB REPORT TODAY SAYS : "We smell new contracts in the wind. A high-speed rail contract award could free Midas from the shackles of its year-long nightmare."

Target S$0.41
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11 years 8 months ago #9765 by Train
Replied by Train on topic Re:MIDAS HOLDINGS
A few weeks ago, Midas entered into a new master agreement with Siemens. This gives me confidence in Midas ability to maintain a high barrier to entry.

Siemens will continue to engage Midas as a preferred supplier of aluminum profiles + the new contract will also incorporate ancillary services such as welding, machining and other mechanical treatment services.

Lim & Tan Securities upgraded Midas in May 2012 to a buy on the back of China’s government plans to restart the railway sector investments again after having stopped it for the last year.

Get ready for some stock price action!
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11 years 8 months ago #9774 by Train
Replied by Train on topic MIDAS HOLDINGS - the magic is returning
MIDAS’ JV COMPANY SECURES RMB860 MILLION METRO CONTRACT

- To supply 120 train cars for the Dongguan Rapid Railway R2 Line Project

- Delivery from 2013 to 2015

Click press release
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11 years 8 months ago #9780 by ZEN
marks the turnaround point and massive rally in MIDAS coming
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