Stock Name: MIDAS
Company Name: MIDAS HLDGS LIMITED
Research House: OCBC
Company Name: MIDAS HLDGS LIMITED
Research House: OCBC
OCBC Investment Research maintains a Buy rating on Midas Holdings (5EN.SG), with an unchanged price target of $1.22.
Midas is up 1.1% at $0.94 after securing an CNY82 million contract from CNR Changchun Railway Vehicles to supply parts for an inter-city high speed train project.
Midas is up 1.1% at $0.94 after securing an CNY82 million contract from CNR Changchun Railway Vehicles to supply parts for an inter-city high speed train project.
However, OCBC says while it views “this contract win positively, we are keeping our estimates intact as our projections allow for such contract wins. This latest contact accounts for approximately 5.0% of our FY11 revenue estimate.”
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