MIDAS HOLDINGS

The train can re-start pretty soon from Station 36?

steadily rising again with another good close at 37 cents

Dear Zen, hisey, Joes, Dele & everyone: NextInsight will publish an article on the AGM of Midas at 9 am on this Sunday. Look out for it!

Zen, has the high-speed rail tender start again?

Someone who is more TA-inclined has this view on whether Midas can regain its magic >>
"Hope so. The TA has not changed from my last update. But based on [url=http://www.nextinsight.net
/story-archive-mainmenu-60/30-2007/5233-midas-when-will-it-regain-its-magic]the article,[/url] it would be prudent to see the commitments come to fruition before taking positions. I am vested by the way at 0.355."

China’s Ministry of Railways (MOR) has yet to re-ignite contract tenders for high-speed rail train cars, despite repeated reaffirmation of its long-term commitment to the sector. In addition, contract wins will also take time to filter down from its customers to Midas, even after MOR resumes its contract tenders.

We estimate this whole process could take 6-9 months. Hence, we expect the group’s financial performance to remain tepid in FY12.