Midas Holdings - Third HSR contract win | I3investor

Blogs Headlines

Singapore Stock Market News

Midas Holdings - Third HSR contract win

StockFanatic

Publish date: Tue, 29 Apr 2014, 09:23 AM

Midas has won its third HSR contract since the CRC resumed HSR orders in 2013. The contract win was larger than expected due to the higher price per train set, which implies more fabrication work involved and thus higher margins. Midas's ability to secure its entire share of orders from its long-time customers CNR Changchun and CNR Tangshan is impressive, and shows the stickiness of its customer relationships.

We maintain our Add rating, with an unchanged target price of S$0.71 based on 1.29x CY14 P/BV (20% discount to average P/BV in 2010-11). The key catalyst remains HSR contract wins.

More articles on Singapore Stock Market News

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Discussions

Be the first to like this. Showing 1 of 1 comments

Sernaite Doob

Post removed.Why?

2014-04-29 10:34

Post a Comment

Featured Posts

MQ Chat

New Update. Discover investment communities that resonate with your ideas

VCPlus

Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!

Latest Videos

New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!

0:17

New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!

MQ Trader 1971 views | 13 d ago

New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!

0:17

New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!

MQ Trader 2123 views | 14 d ago

M & A Value Partners IPO Equity Fund

0:43

M & A Value Partners IPO Equity Fund

MQ Trader 9921 views | 3 mo ago

MQ Market Updates - 8 November 2024

0:15

MQ Market Updates - 8 November 2024

MQ Trader 294 views | 4 d ago

MQ Market Updates - 7 November 2024

0:16

MQ Market Updates - 7 November 2024

MQ Trader 429 views | 5 d ago

Apps

Send individual or group chats with anyone on i3investor

Earn MQ Points while trading with MQ Trader

MQ Affiliate

Earn side income from Affiliate Program

Online learning and teaching marketplace

Top Articles

1

THE SINGAPOREAN INVESTOR

DBS, UOB, or OCBC - Which Bank Had the Best Performance for Q3 and 9M FY2024?

2

RHB Investment Research Reports

United Overseas Bank - 2025 Shaping Up to be An Interesting Year

3

RHB Investment Research Reports

OCBC Bank - More Patience Needed on Capital Management Plans

4

CEO Morning Brief

Singapore Airlines Vows to Expand Capacity Despite Rising Competition

5

SGX Market Updates

SIA Engineering Resumes Buybacks After Reporting H1 FY2025 Results

Hot Stocks Today >

1

1000

2

DBS Group Holdings Ltd

363

3

Oversea-Chinese Banking Corporation Ltd

325

4

Singapore Airlines Ltd

297

5

United Overseas Bank Ltd

289

6

CapLand Ascendas REIT

Ascendas Real Estate Investment Trust

256

7

CapLand IntCom T

255

8

Singapore Telecommunications Ltd

244

9

Mapletree Log Tr

Mapletree Logistics Trust

236

10

Mapletree Ind Tr

Mapletree Industrial Trust

233

Daily Stocks

Genting Sing

0.785

0.00

14,463,600

0.055

+0.007

12,418,400

HSI 22000MBeCW241230

0.052

-0.008

7,405,000

Frasers L&C Tr

0.97

-0.03

6,360,800

Sinjia Land

0.019

-0.001

6,027,200

3.18

+0.02

5,964,900

Yoma Strategic

0.072

-0.005

4,242,100

YZJ Fin Hldg

0.395

0.00

3,399,500

YZJ Shipbldg SGD

2.57

0.00

3,112,800

CapLand IntCom T

1.97

+0.01

2,945,800

More active Stocks

NVDA 3xLongSG261006

8.49

+0.648

700

321.90

+0.50

45

240.50

+0.27

365

TESLA 3xShortSG261006

0.94

+0.19

13,100

HSI 7xShortSG261105

1.62

+0.105

19,300

HSTECH 7xShortSG261105

1.10

+0.101

4,400

IS ASIA BND S$D

12.96

+0.10

127

HSTECH 5xShortSG261105

1.295

+0.087

1,500

SiMSCI 5xLongSG260226

2.25

+0.082

1,000

Bukit Sembawang

3.63

+0.07

76,500

More gainer Stocks

TESLA 3xLongSG261006

10.06

-2.029

3,300

40.81

-0.34

2,000

SPDR S&P500 US$

598.70

-0.31

88

35.28

-0.25

755,000

Jardine C&C

27.67

-0.21

6,600

42.14

-0.20

1,195,600

NIO Inc. USD OV

4.69

-0.20

45,600

XT MSCHINA S$

20.61

-0.19

830

HSTECH 7xLongSG261105

1.57

-0.143

2,000

16.04

-0.13

968,700

More loser Stocks

Featured Advertisers / Partners

Top Brokers >

1

CGS-CIMB Securities

2

Citibank Brokerage

3

DBS Vickers

4

iFAST Financial Pte Ltd (FSMone)

5

KGI Securities

Books Review >

Ride The Bull Short The Bear

CS Tan

4.9 / 5.0

This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....