Thursday, March 1, 2012

Midas Holdings - Position for contract wins

Stock Name: MIDAS
Company Name: MIDAS HLDGS LIMITED
Research House: CIMBPrice Call: BUYTarget Price: 0.52




Target S$0.52

FY11 profit fell 24% yoy on delayed deliveries and higher operating expenses after capacity expansion in a torrid year for the Chinese railway industry. Nevertheless, the Chinese government's unwavering commitment to rail development signals potential contracts in 2H12.


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