Midas Holdings

Broker's Calls

Midas on road to recovery with railway-related businesses on growth track

SINGAPORE (March 2): DBS Vickers Securities is maintaining its “buy” rating on Midas Holdings with a lower target price of 36 cents from 38 cents previously, thanks to better-than-expected FY16 earnings and a predicted revival of its core business.

Stocks To Watch

Yangzijiang, Straits Trading, Yeo Hiap Seng, Midas, Sino Grandness

SINGAPORE (March 1): Here are some stocks that could move the market this Wednesday morning.

Results

Midas posts 76% rise in FY16 earnings to $20.5 mil, thanks to contributions from new division

SINGAPORE (Feb 28): Midas Holdings announced a 76.3% increase in FY16 earnings of RMB100.8 million ($20.5 million) from RMB57.2 million a year ago.

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Market Close

STI rises 1.1% to 2,954.14 on regional strength

SINGAPORE (Jan 5): The Straits Times Index ended Thursday 1.12% or 32.83 points higher at 2,954.14.

Market Close

STI closes 0.8% higher at 2,921.31

SINGAPORE (Jan 4): The benchmark Straits Times Index ended Wednesday 0.8% or 22.34 points higher at 2,921.31, taking its positive lead from the rest of Asia where markets broadly rise on upbeat macro data from various countries including Japan and the US.

Midas awarded new contracts worth $369 mil

SINGAPORE (Jan 3): Midas Holdings says that its 32.5%-owned joint venture company CRRC Nanjing Puzhen Rail Transport Co, had been awarded two metro train car supply contracts with a total value of RMB 1.77 billion ($369 million).

Broker's Calls

Midas hasn’t lost its golden touch

SINGAPORE (Nov 21): DBS Group Research is maintaining its “buy” call on Midas Holdings as it expects earnings recovery to continue at a slower pace over the next two years as new projects and acquisitions increase their contribution to the group.

Midas’ JV company wins 4 new metro car supply contracts totalling $539 mil

SINGAPORE (Nov 16): Midas Holdings says joint venture company, CRRC Nanjing Puzhen Rail Transport Co. has won four new metro train car supply contracts worth RMB2.59 billion ($539 million).

Stocks To Watch

Golden Agri, mm2 Asia, Yanlord, Midas, Metro, SeD

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