Shares & Derivatives
Midas wins its second high speed train contract worth RMB318mn……the macro and fundamental news is good but the share cant seem to break S$0.50
By Kevin Scully-Financial Blog  •  April 8, 2014
Midas wins its second high speed train contract worth RMB318mn......the macro and fundamental news is good but the share cant seem to break S$0.50 Tuesday, 8 April, 2014  7:53 AM
Posted by Kevin Scully

 Midas wins its second high speed train contract worth RMB318mn.  Midas announced last night that it has received its second high speed train contract worth RMB318mn from CNR Tangshan.  The order was secured by Midas subsidiary Jilin Midas Aluminium Industries Co., Ltd.  This is the second high speed contract that Midas has won after the Chinese Government started issuing high speed train contracts again since August 2013.

In early April 2014, the Chinese Government announced that it would increase its high speed rail contracts in 2014 to 6600 km, 1000 km more than originally planned.  

These announcements are not new and confirm that Midas has very strong macro fundamentals.......but the ...

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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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