MIDAS HOLDINGS

almost every other month , MIDAS is winning big contracts . setting the stage for big rebound soon

As of now, total volumn traded betw 35-35.5c is 3.6mil. Queue to sell vol from 35.5 to 36.5c is 8.2mil shares. So, we'r not in any push up yet. In fact, beware the trap of a sell-out too. Good luck to all.

DBS Vickers is very bullish ....

Midas to regain its touch

 Potential for more orders from overseas rail, non-rail segments and high-speed railway projects

 Stronger earnings from NPRT, on Rmb8bn order book and upcoming Nanjing Youth Olympics

 FY12/13 EPS forecasts cut by 41%/12% respectively but stock already bombed out at 0.7x P/B

 Maintain BUY, TP S$0.49, based on 1x FY12 P/B.

just only few weeks ago during mid aug 2012 won 1.4 billion contract ; now won another 588 million contract . these good news just keep flowing in non stop
 
MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT WINS TWO METRO CONTRACTS WORTH RMB1.4 BILLION
 MORE THAN 6 BILLION WORTH OF CONTRACT SECURED IN ABOUT A YEAR ; STARTING FROM END JULY 2011 TILL AUG 2012
 First contract worth RMB663 million to supply 138 train cars for the Wuxi Metro Line 2 Project
 
 Second contract worth RMB756 million to supply 162 train cars for the Hangzhou Metro Line 2 Project NPRT’s total year-to-date contract wins increases to four contracts worth a combined RMB2.8 billion
 
 

[img]images/stories/midas/120patrickchew.jpg[/img]
“But at least now we can see some light at the end of the tunnel. Chinese media reports said the Ministry of Railway will be coming out with new tenders.”

I read again this AGM article, interesting prospects for Midas, good buy at current level, to position for a strong recovery --- MIDAS: Will its train recover speed fast next year?

MIDAS STRENGTHENS ITS FOOTHOLD IN CHINA’S POWER INDUSTRY WITH RMB123.4 MILLION NEW CONTRACTS

- Secures two contracts from leading PRC power industry players

- Signs Strategic Cooperation Agreement with Xian Switchgear Electric as
preferred supplier