Midas stock rallied 24% on 2 Jan 2015 to close at $0.31. This is really a good rally for Midas, a China S-chip stock on SGX, especially when Midas has been experiencing “lacklustre” performance on the Singapore stocks markets like many of the other S-chips on our bourse. Even with a 24% rally on 2 Jan 2015, Midas stock price is still approximately 80% below its high of $0.56 reached by the stock in January 2013. I believe the performance of Midas stock has to do with the news of the merger of China's top two train makers, CNR Corp and CSR Corp to create a "world-leading" rail supplier to compete with foreign players. Though I read the news of the merger before the rally of Midas, I did not buy Midas still as I do not want to invest based on speculation. Based on SGX’s figures, the ......