Welcome!
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.
March 02, 2017
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.
March 01, 2017
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.
February 28, 2017
In print this week
3 undervalued small caps that might help you turn a profit
SINGAPORE (Jan 6): Screening for cheap companies does not always turn up bargains. Oftentimes, companies are undervalued for a good reason.
January 06, 2017
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.
January 05, 2017
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.
January 04, 2017
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).
January 03, 2017
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.
November 21, 2016
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).
November 16, 2016
Stocks To Watch
Golden Agri, mm2 Asia, Yanlord, Midas, Metro, SeD
SINGAPORE (Nov 15): Here are some factors and stocks that could move the market this Tuesday morning:
November 15, 2016