Midas started at 'neutral' with 33 cents target price by DMG Research

Stock Name: Midas
Company Name: MIDAS HLDGS LIMITED

Research House: OSK-DMG

Price Call: HOLD

Target Price: 0.33

SINGAPORE (Nov 19): DMG Research is initiating coverage of Midas Holdings at "neutral" with a 33 cents price target.

In a Nov 19 report, analyst Shekhar Jaiswal said although the start of its new plates & sheets business could translate into earnings growth in 2015, there are risks from delays in the start of the new business, which is also highly competitive and may put margins under pressure.