Singapore Stock Market News

Midas Holdings - Picking up speed

StockFanatic
Publish date: Mon, 02 Mar 2015, 03:03 PM
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■ FY14 beat by 7% thanks to 4Q tax benefits

Midas still provides cheaper exposure to China's high-speed rail sector. Cut EPS by less than 5% for lower revenue from new plant.

Maintain BUY with lower TP of SGD0.50 from SGD0.52, still at 1x FY15E P/BV. Catalysts from order wins.
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