Re:MIDAS HOLDINGS secured RMB 3.13 billion + 1.4billion + 860 million contract

China’s Stocks Rise As Subway Plan Raises Stimulus Speculation By Weiyi Lim -  Sep 6, 2012 10:59 AM GMT+0800
China’s  stocks rose for the first time in three days as the government approved subway plans in 18 cities, stoking speculation policy makers will introduce more stimulus measures.
China Rail Construction Corp. (601186) , climbed the most in five months. LandOcean Energy Services Co., which makes drilling equipment for oil and shale gas, advanced to a five-month high after  Shanghai Securities News said the nation plans to auction five shale-gas blocks in Hunan province . Shanghai Chaori Solar Energy Science & Technology Co. dropped to a one-week low after the European Union threatened to impose tariffs on Chinese solar panels.
“The subway development plan boosts investors’ expectations of more spending by the government,” Xu Shengjun, an analyst at Jianghai Securities Co. in Shanghai, said by phone today. “Still, it’s widely expected economic data to be released soon won’t be great and will drag on stocks.”
The  Shanghai Composite Index (SHCOMP) gained 0.3 percent to 2,043.09 as of 10:56 a.m. local time after closing yesterday at its lowest level since February 2009. The  CSI 300 Index (SHSZ300) added 0.4 percent to 2,207.79. The  Hang Seng China Enterprises Index (HSCEI) of Chinese companies traded in  Hong Kong advanced less than 0.1 percent. The  Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese shares in the U.S. sank 1 percent to 86.29.
Signs that China’s economic slowdown is deepening have dragged the Shanghai Composite down 8.2 percent this  quarter . The gauge trades at 9.3 times estimated profit, near the lowest level since January, according to weekly  data compiled by Bloomberg.
“Many investors are buying today because the index has fallen quite a bit the past few sessions,” Jianghai’s Xu said.
Subway Plan
China Railway Construction, builder of more than half the nation’s rail links, climbed 4.2 percent to 4.49  yuan , headed for the biggest advance since April 5. CSR Corp., China’s biggest trainmaker by market value, jumped 4.7 percent to 4.05 yuan, on course for the biggest gain since April 15.
Rail stocks led a gauge of industrial companies in the CSI 300 index up by 1.2 percent, the most among 10  industry groups . The National Development and Reform Commission approved development plans of subways in 18 cities including Suzhou, Hangzhou, Guangzhou, Tianjin and Shenzhen, the agency said on its website yesterday.
The government said yesterday industrial output will expand by about 10 percent this year, lowering its sights from an 11 percent goal given in December after weaker-than-anticipated domestic and overseas demand.
Factory Production
A slow recovery abroad and weak investment at home will keep weighing on factories, the Ministry of Industry and  Information Technology said in a statement on its website yesterday. Economic  growth dipped to a three-year low of 7.6 percent last quarter.
The People’s Bank of China has held off signaling further easing measures after two interest rate cuts this year.
Goldman Sachs cut its estimate for China’s 2012 GDP growth to 7.6 percent from 7.9 percent and reduced its 2013 forecast to 8 percent from 8.5 percent, economists Li Cui,  Yu Song , MK Tang and Yin Zhang wrote in a note to clients, citing weaker economic data and softer external demand.
“We’re seeing more data showing growth slowing in China but we’re also seeing very few signs that the central bank is interested in aggressive easing,”  Timothy Ghriskey , the chief investment officer at Solaris Group LLC, which manages about $2 billion in assets, said in a phone interview from  Bedford Hills ,  New York . “If the central bank stays on the sidelines, we don’t see a short-term catalyst that might send us in a different direction.”
Solar Power
Solar companies fell after the EU opened a probe into whether Chinese manufacturers of solar panels sell them in the 27-nation bloc below cost, a practice known as dumping. The inquiry covers crystalline silicon photovoltaic modules or panels and cells and wafers used in them.
Shanghai Chaori Solar Energy declined 2 percent to 5.50 yuan. Zhejiang Sunflower Light Energy Science & Technology Co. retreated 1.4 percent to 6.37 yuan.
LandOcean gained 3.1 percent to 22.99 yuan, headed for the highest close since April 20.  China Oil HBP Science & Technology Co. gained 2.6 percent to 10.95 yuan after the shale-gas auction report.
The Shanghai Composite’s 30-day  volatility reading was at 12, compared with this year’s average of 17. About 5.7 billion shares changed hands in the gauge yesterday, about 26 percent lower than the daily average this year. The gauge sank 2.7 percent in August, a fourth straight month of declines. That’s the longest streak since the five months through August 2004, according to data compiled by Bloomberg.
The  iShares FTSE China 25 Index Fund , the biggest Chinese exchange-traded fund in the U.S., declined for a second day, losing 0.9 percent to $32.17 yesterday.
To contact the editor responsible for this story: Darren Boey at  dboey@bloomberg.net

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I believe the current announced size of railway stimulus package of RMB 800 BILLION is unprecedented before .
 
The size and scale of it , will drive MIDAS share price crazy . Back in 2007 and 2008 , MIDAS average revenues are around RMB 600- RMB 700 million per year . Back then the share price traded over $2+
Now from 2013 onwards , revenues could easily exceed 1 BILLION per year for MIDAS
 

BEIJING, Nov 1 (Reuters) - China's cash-hungry Ministry of Railway is expected to receive at least 200 billion yuan ($30 billion) in fresh funds soon, the official Xinhua news agency reported on Tuesday.

Xinhua did not specify the source of the funding. But it made clear that the Chinese government has told banks and bond investors to support China's railway construction.




The ministry, China's largest bond issuer besides the treasury itself, sold 20 billion yuan of bonds last week. The issue was heavily subscribed, partly because Beijing has cut taxes for companies on interest earned from bonds issued by the railway ministry between 2011 and 2013.

CSR Corp Ltd, China's largest train maker, announced on Tuesday that it had received $944 million payment from the ministry, sending its stock up as much as 8 percent.

After a train crash that killed 40 people on July 23, a wave of criticism hit the ministry with banks and investors turning away from it.

As a result, construction on some 10,000 kilometers of railways was suspended, contractors and suppliers were left with a huge amount of accounts receivable, and many migrant workers were dismissed with unpaid wages.

Luo Renjian, a researcher with China's economic planning agency, was quoted by Xinhua as saying that railway projects were still regarded as key state investments.

'These projects relate to jobs of many migrant workers and business for suppliers,' Luo was quoted as saying. 'It's abnormal to have long delays or construction suspensions in railway projects on a massive scale.'

(Reporting by Zhou Xin and Nick Edwards; Editing by Ken Wills) Keywords: CHINA RAILWAY/FUNDING

Midas has touched 40 cents. A great fundamental story is unfolding.
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[Rose 07-09-2012]:

Hey Zen, just wanted to let you know that I really appreciate the posts you have been putting up regarding Midas. There is a lot of fundamental information of the rail situation in China and I decided to jump on board at just above 30 cents. Getting this stock into my portfolio has been a good stroke of luck Thanks! I thank you so much for your persistent posts.

yes . anyone who can see and believe in this growth stock , deserves a good reward .
not just me . you and i and everyone else who had vested in this stock made it possible .
enjoy the ride up !