The latest award was worth 1.11 billion Rmb is only on 06 Jan 2014. What is your expectation of contract win, not possible to be on a monthly basis. Also note that it's the CNY period and a major holiday in China. Midas had a bond issue recently and I supposed there are better opportunities in the pipeline. See below and go to the relevant company website to keep abreast of events.....
midas.listedcompany.com/news.html/id/387665
MIDAS’ JV UNIT KICKS OFF 2014 WITH ORDERS WORTH RMB1.11 BILLION
- First contract worth RMB520 million to supply 85 train cars for the Suzhou Rail Transit Line 2 Extension
- Second contract worth RMB590 million to supply 78 additional train cars
for Nanjing Metro Line 1
Singapore & Hong Kong, January 6, 2014 – 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) is starting 2014 on a strong note: its joint venture company, Nanjing SR Puzhen Rail Transport Co., Ltd. (“NPRT”) (南京南车浦镇城轨车辆有限责任公司) has secured two contracts worth a total of RMB1.11 billion. The first contract was awarded by Suzhou Rail Transit Co., Ltd. (苏州市轨道交通集团有限公司) for the supply of 17 train sets (1 train set = 5 train cars), or 85 train cars, for the Suzhou Rail Transit Line 2 Extension, while the second contract was awarded by Nanjing Metro Co., Ltd. (南京地铁集团有限公司) for the supply of 13 additional train sets (1 train set = 6 train cars), or 78 additional train cars, to Nanjing Metro Line1.
Slated for delivery between 2015 and 2016, both contracts are expected to
contribute positively to the Group’s financial performance in 2015 and 2016.
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