Singapore Stock Market News
Midas Holdings - Expansion nears completion
StockFanatic
Publish date: Fri, 07 Nov 2014, 01:33 PM
StockFanatic
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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.
■ Phase 1 of its new 200,000-ton per annum aluminium alloy plate and sheet plant should start commercial production by 2H15, and contribute positively to earnings in 2016
■ FY14F/15F earnings estimates cut by 67%/51% respectively with FY16 earnings projected to show firm improvement to RMB197m
■ Maintain BUY with a reduced TP of S$0.45, based on 0.9x FY14F P/B
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