Invest
Midas Holdings reports a loss for Q3-2012 but remains optimistic about the medium to long term…….am adding Midas to my Stock Picks growth today
By Kevin Scully-Financial Blog  •  November 16, 2012
Midas Holdings reports a loss for Q3-2012 but remains optimistic about the medium to long term.......am adding Midas to my Stock Picks growth today Friday, 16 November, 2012  8:0 AM
Posted by Kevin Scully

 On 10 October 2012, I commented about a meeting with the CEO of Midas and how despite the recent 50% rise in the share price the outlook was promising.  The share price was S$0.42 then.

The company has just reported its Q3-2012 results which showed a Q3 loss of RMB6.5mn compared to a profit of RMB27.3mn in the same quarter in 2011. The loss and lower profit in 2012 was expected because of the problems facing the China railway sector - read my Blog posting of October 10, 2012.

Result highlights

 a) Q3-2012 revenue fell 21.8% to RMB202.7mn while nine month revenue was lower by 24.9% to RMB652....

...
Read the full article
By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance