Shares & Derivatives
Midas wins another contract worth RMB86.5mn for Singapore’s MRT system……its consistently won at least one contract a month since the start of 2013….
By Kevin Scully-Financial Blog  •  April 10, 2013
Midas wins another contract worth RMB86.5mn for Singapore's MRT system......its consistently won at least one contract a month since the start of 2013.... Wednesday, 10 April, 2013  9:23 AM
Posted by Kevin Scully

 Midas announced last night that it has won a contract worth RMB86.5mn for Singapore's MRT system.  Its a small contract, but what is important to me is that since the beginning of 2013, Midas has consistently been winning or being awarded contracts with more than RMB1.3bn in contracts being awarded so far.   This is part of a positive continuing trend which is why Midas is one of My Stock Picks.  2012 was almost a drought in terms of contracts.

I still like the stock but investors should take a 12 to 18 month view as we are all waiting for the new Transport Ministry in China to start awarding high speed ...

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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.
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