P/E of MIDAS is very very high now . So next result must perform better than expectations , or else may get hammered down .

MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT SECURES RMB710 MILLION METRO CONTRACT

Midas / China Railway: According to a statement from the company to the Shanghai Stock Exchange today, China Railway Construction has won contracts worth Rmb 4.5b.

so everyone is making lots of money from MIDAS train ?

But current price may be too steep to chase into now for latecomers

if got chance to accumulate near 51c , will be ideal

Who was the first to champion Midas in NextInsight forum? If I am not mistaken, it's Zen. Then got a few others who also started to recognise its recovery potential. me, i just read and think and, luckily, did act.  Midas is a runaway train now! Everyday going further and further. Now zoomed past 57.5 cent. I have 1 worry -- I hope it doesn't crash!  It is looking to have priced in 2014 earnings,, or even 2015. It's way too rich? What do you think? 

There are a no. of happy shareholders here? Welcome to the party. The analysts are trumpeting this stock way ahead of the profits that may come fr hi-speed rail projects. Still, here is further fuel

Midas Holdings: S$0.52 BUY (TP: S$0.75)
23-Jan-13 (DMG / OSK)

Year of Recovery

Recently we played host to Midas at our ASEAN Corporate Day held in Singapore. The key takeaways from the meetings were: (i) outlook is healthy, especially for 2014 and 2015, as the government continues to increase spending on rail infrastructure, which would buoy the demand for high-speed trains; (ii) Midas is taking steps to diversify beyond 2015; (iii) it does not expect its operations/activities in 1H13 to differ much from those in 2H12, and any orders secured now are likely to be delivered from 2014. Midas expects to release its 4Q12 results before end-Feb. We reiterate our BUY recommendation and SGD0.75 TP as the potential order flow looks good given the government’s commitment to expand China’s rail network.

Government to pour in RMB650bn in 2013. This is slightly more than the RMB631bn spent in 2012, as the government strives to achieve the goals set out in its 12th Five-year (2011–2015) plan for the rail industry. In order to achieve its goal of having a “four vertical and four horizontal” high-speed railway network by 2015, the government may have to spend at least an estimated least RMB500bn on railway construction in each of the next three years, With this number of railways anticipated to come up, we expect some orders for high-speed train cars to start flowing.

Preparing for years beyond 2015. Midas, which plans to diversify into the production of aluminium alloy plates and sheets, has set up a JV company with Jilin Kaitong Engineering, in which it has a 55% stake. It is building a plant with an expected capacity of 200,000 tonnes, which is envisaged to be operational in 2015 when the government’s plans for the rail industry are expected to come to fruition. Aluminium sheet plates can be used in the aviation, shipbuilding and automobile industries. As part of the funding for this plant will be from bank loans, this will raise Midas’ net gearing going forward. Management has indicated that its net gearing could go up to ~40% from 22% as at 3Q12 as it expands its operations.

Things to pick up in 2013. While Midas’ order book deliveries are expected from FY13, we think the bulk could be delivered in FY14 and FY15 as the government pushes to achieve its 2015 target. Management has highlighted that since it generally takes between 18 and 24 months to deliver an order, any order secured now is likely to be handed over from 2014 onwards. This will give a boost to the company’s FY14 earnings.

My holding

who else made a whopping 40% gain from MIDAS last few months ??

16 Jan 2013 : NEWS RELEASE: MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT WINS FIRST 100% LOW-FLOOR TRAM CONTRACT VALUED AT RMB338 MILLION

Teu

Mid Dec you asked . Now Mid Jan 2013 , look at the surge in MIDAS to 53c now

that's what i said in DEC ... midas magic in 2013

Oi Uncle Zen, I know you are rolling in profits now  -- don't get too puffed up, can? The facts are that Midas is currently overvalued on current orderbook. Even I a shareholder with vested interest am happy to see Midas go up but I got my head squarely on my shoulders and don;'t go gaga over its overvaluation.

As greenrookie pointed out in another thread & addressed to Your Greatness:

"Aiyo please la, when market is up, every dog is up, why get personal. If you make good money, good for you, prices go up and down. All the dissidents, me included, pointed out valid points of concerns such as sustainabilty of dividends, operation issues etc. We did not say u cannot make money from it. You are the greatest stock saint la."

so funny , this $$ chap

another person who never listen .. hahahahah

Best of MIDAS will be coming in the next few years ...

Let's rally for a $2 target again

why talk about 2012 , it is over . I agree this year was a bad year for MIDAS ..

Now concentrate from 2013 , it is where the midas magic begins

Record rail projects from 2013 to 2015 expected . Buy for the future not past .

STI up 245 pts Midas back to sq. 1. That means Midas under performed the market.

2 mths back, STI closed at low of 2945. Now it's 3190, up 245 pts. Then, most stocks closed at some low pts due due to macro economic concerns. Hence, ur comparison applies to all other stocks! They dun stay high forever!