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 ...