to recap these big projects won last few months
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[ZEN 25-12-2011]:
Midas Holdings Limited (麦达æ¯æ§è¡æéå ¬ å¸) (“Midas” or the “Company”, together with its subsidiaries, the “Group”; SGX-ST stock code: 5EN; SEHK stock code: 1021) today announced that Nanjing Metro Co.,Ltd. (å京å°ä¸ééæéè´£ä»»å ¬å¸) has awarded two contracts worth a total of RMB3.13 billion to its joint venture company, Nanjing SR Puzhen Rail Transport Co.,Ltd. (“NPRT”) (å京å车浦éå轨车è¾æéè´£ä»»å ¬å¸) to supply metro train sets for both the Nanjing Metro Line 3 and Nanjing Metro Line 10 Projects.
So many fans of Midas in tis forum? I am one of them but I say Midas is not going to run -- until the high-speed rail tenders come out. Even then, the contribution to bottomline of Midas will not be happening until 2H 2013. Buy on dips below 40 cents , my friends, don't chase the stock