Singapore Stock Market News
Midas Holdings - High speed mode reactivated
StockFanatic
Publish date: Tue, 22 Oct 2013, 10:47 AM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Midas announced that it has secured Rmb167.5m worth of high speed
rail contracts for delivery of 51 train sets over 2013-14. This is within
our expectations of Midas securing a majority of the 51 train set orders
issued to CNR in Sep due to Midas being its key supplier in the past.
Given that this is Midas's first high
speed rail (HSR) contract win since
orders were suspended in China in
2011, we believe this news is likely to
provide a strong re-rating catalyst for
the stock. Maintain Outperform, as we
roll forward our target price to $0.74,
based on 1.29x CY14 P/BV (20%
discount to mean P/BV from 2010-11).
Read more » More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!
Latest Videos
Apps
Top Articles
1
CEO Morning Brief
Singapore Swap Rates Set to Narrow Gap With US as MAS Shift Seen
2
CEO Morning Brief
3
RHB Investment Research Reports
4
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
5
SGX Market Dialogues
Kopi-C With GuocoLand’s Group CEO: ‘We Have Twin Engines for Growth’
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
