Midas

Singapore economy

Briefs: GST hike needed for 'better Singapore for tomorrow'; former Midas CEO charged

In other news, investments in Singapore’s FinTech industry hit five-year high in 2021 at US$3.94 billion, says KPMG.

Management & Corporate Governance

SGX RegCo says taking 'every step possible within its powers' to assist in Midas investigations

SINGAPORE (May 25): Singapore Exchange Regulation (SGX RegCo) has issued an update on ongoing investigations into Midas Holdings, saying that it has been communicating with Singapore’s Chinese Embassy on the matter and will also extend its full cooperat

Midas wins global and China supply contracts worth $105 mil in total

SINGAPORE (May 17): Midas says subsidiary Jilin Midas Aluminium Industries Co. has won 13 global and China supply contracts worth $105 million in total.

Results

Midas 1Q earnings nearly treble to $5.8 mil on higher revenue

SINGAPORE (May 12): Midas Holdings has announced earnings of RMB28.7 million ($5.8 million) for the first quarter ended March 31, nearly three times up from the RMB10 million posted in the same quarter a year ago on a surge in revenue.
Patrick Chew, CEO of Midas

In print this week

The golden opportunities that lie ahead for Midas

SINGAPORE (April 21): After sliding for most of the last six years, shares in Midas are now trading at 0.46 times its book value.

Stocks To Watch

SPH REIT, SGX, Civmec, Keppel, Spackman, Rotary, Roxy-Pacific, Midas, Super Group

SINGAPORE (April 11): Here are some stocks that could move the market this Tuesday morning.

Stocks To Watch

CapitaLand, Jumbo, HC Surgical, ISR Capital, Midas

SINGAPORE (Jan 4): Here are some stocks that could move the market this Wednesday morning:

Midas posts 8.6% fall in 1Q earnings to $2.1 mil

SINGAPORE (May 13): Midas Holdings, the manufacturer of aluminium alloy extrusion products for the passenger rail transportation sector, posted 1Q16 earnings of RMB10 million ($2.1 million), down 8.6% from RMB 10.9 million in 1Q15 a year ago.
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