MIDAS HOLDINGS

Target 41 cents by CIMB this morning: Midas has managed to clinch Rmb139m worth of metro and international contracts to    |support its order book despite a freeze in high-speed railway contracts.

The recent  price run-up suggests returning confidence. Midas has gained 25% since our update on 28 Jun on associate NPRT’s contract win announcement. Returning investor confidence 

reaffirms our expectations of a rerating when high-speed railway contract awards   
resume. Maintain Outperform. Target price is unchanged at 11.7x CY13 EPS (-0.5 sd   
5-year historical forward average).

DBS has a targe price of 49 cents.

heavy accumulation at 34.5 cents

 
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) announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd ("Jilin Midas") has won the "Supplier of the Year Award" from Bombardier Transportation ("Bombardier"), the rail equipment manufacturing and servicing division of Bombardier Inc. Listed on the Toronto Stock Exchange, Bombardier Inc. is one of the world’s leading manufacturers of innovative aerospace and rail transport solutions

Agree with you . This is also time to digest the selling from people who want to book their profit after buying below 30 ccents. After this period, then the stock can move up
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[ZEN 17-07-2012]:

heavy accumulation at 34.5 cents

Joes, you spoke at the right moment. The accumulation period is Over! Stock has cheong-ed to 37 cents. Breakthrough!