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Golden Egg
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tianji
Veteran |
18-May-2015 18:33
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MIDAS SECURES HIGH-SPEED TRAIN CAR BODY COMPONENTS CONTRACTS WORTH RMB328.9 MILLION - RMB185.4 million worth of orders awarded by CNR Changchun and RMB143.5 million worth of orders awarded by CNR Tangshan - For the supply of aluminium alloy extrusion profiles and fabricated parts for high-speed trains - Orders slated for delivery in 2015 Singapore & Hong Kong, May 18, 2015 &ndash Midas Holdings Limited (麦 达 斯 控 股 有 限 公 司 ) (" Midas" or the " Company" , together with its subsidiaries, the " Group" SGX-ST stock code: 5EN SEHK stock code: 1021) today announced that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd (" Jilin Midas" ) has secured a series of contracts worth RMB328.9 million for the supply of high-speed train car body components in the People&rsquo s Republic of China (the " PRC" ). The latest contracts include RMB185.4 million worth of orders from CNR Changchun Railway Vehicle Co., Ltd (中 国 北 车 长 春 轨 道 客 车 股 份 有 限 公 司 ) (" CNR Changchun" ), and RMB143.5 million worth of orders from CNR Tangshan Railway Vehicle Co., Ltd (中 国 北 车 唐 山 轨 道 客 车 股 份 有 限 公 司 ) (" CNR Tangshan" ), and will see Jilin Midas supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds of up to 350km/h and 380km/h, respectively. Page 1 of 4 Mr Patrick Chew (周 华 光 ), Executive Director and Chief Executive Officer of Midas, said, " As a quality supplier with a long-standing track record and relationship with our customers, we are heartened that our efforts have been rewarded with the continuing confidence of repeat customers CNR Changchun and CNR Tangshan. Midas continues to be a beneficiary of the growth of the PRC rail market. We will continue to leverage on our established relationships to participate in new opportunities in China and international markets." Slated for delivery in 2015, the contracts are expected to contribute positively to Midas&rsquo financial performance for the financial year ending December 31, 2015. |
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tomhanks
Master |
18-May-2015 18:33
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MIDAS SECURES HIGH-SPEED TRAIN CAR BODY COMPONENTS CONTRACTS WORTH RMB328.9 MILLION |
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Trueinfo
Member |
18-May-2015 17:30
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Tio contract .hsi one see ann. | ||||
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sgx_fanatic
Member |
15-May-2015 19:58
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not bad closing today...closed 0.38
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All-In-Trader
Senior |
15-May-2015 11:54
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when they ask you to buy, you better be fearful and run as fast as you can! |
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tianji
Veteran |
15-May-2015 11:39
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DBS Equity Research: Midas Holdings: A profitable beginning BUY S$0.37 Price Target : 12-Month S$ 0.49 |
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halleluyah
Supreme |
15-May-2015 10:56
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tis bugger keep winning contract bt profits margin damn low like cosco also....
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All-In-Trader
Senior |
15-May-2015 10:47
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Pengz liao lor..better run road liao..administrative expense keep rising 20-40% every quater...book ktv and hotel is it? |
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Octavia
Supreme |
15-May-2015 09:42
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1Q15 results below estimates. Net profit fell 5.3% to Rmb10.9m on revenue of Rmb320.6m (+8%). Topline was largely led by higher revenue from the Aluminium Alloy Extruded Products Division (+7.8%), which contributed to 90.1% of total revenue, and was also key in improving overall gross margin to 28.8% from 24.0%. Bottom-line weighed by higher selling and distribution expenses (+20.1%), admin expenses (+20.2%) and finance costs (+53.2%). Associate contributions from Nanjin SR Puzhen Ralway fell 27.6% due to different project mix in the respective periods. NAV/share at Rmb2.49. |
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sgx_fanatic
Member |
14-May-2015 20:03
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So wheres the good news?lol..anw support now at 37.. |
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BrainiakZ
Member |
14-May-2015 19:05
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Mixed results, rev up a bit, profit down a bit... |
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sgx_fanatic
Member |
14-May-2015 17:51
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haha later see resultss how lo...chart still looks okay..
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Qanghoo
Supreme |
14-May-2015 16:41
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Got good news meh? Px lembek lembek only.
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ruanlai
Elite |
14-May-2015 14:59
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Shiiiiiiiiiiiiii......... Buy quietly |
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FATABA
Supreme |
14-May-2015 14:55
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What good news are you expecting ?
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ruanlai
Elite |
14-May-2015 14:49
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Today result anouncement. Their mgt meeting at this afternoon 2pm. Now will be in the mid of the meeting. Wait for good news to be anounced.... |
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ruanlai
Elite |
14-May-2015 14:41
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China website under CSR
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sgx_fanatic
Member |
14-May-2015 13:49
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May i know where did u get this news?
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ruanlai
Elite |
14-May-2015 09:23
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Another Billions contracts won with the deal between CSR and Russian.......one of them is Midas subsidary....... Huat lar....... Today good results anouncement another huat...... Two huat in today.... |
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BrainiakZ
Member |
12-May-2015 21:08
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closing price not nice leh... hope tmr dun laosai... |
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