This comes on the belief that the group’s strong set of 2Q17 numbers point towards sustained earnings recovery ahead, with gross profit having risen 49% on-year to RMB159 million ($32.5 million) on improved gross margin.
SINGAPORE (Aug 16): DBS Vickers Securities is maintaining its “buy” recommendation on Midas Holdings, the manufacturer of aluminium alloy extrusion products for railways in China, with an unchanged target price of 36 cents.
