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MIDAS SECURED ANOTHER MASSIVE 543 MILLION CONTRACT
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HazardKoh
Master |
26-Apr-2017 16:36
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http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=15401& msgbdName=Insider Info/Tips& topicTitle=RICKMERS MARITIME - OVERSOLD WITH 20% YIELD |
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relaxz
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11-Apr-2017 09:48
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Still the price is not moving up. Something is wrong.
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Alvin2042
Master |
11-Apr-2017 08:07
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Midas owns 30+% of Crrc.
Also, that is just contract win, not bottom line. Net profit margin probably in 10+% range
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mepkoh
Elite |
11-Apr-2017 08:04
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does midas own ccrc??
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danger
Supreme |
11-Apr-2017 06:39
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PRE MARKET SUPER BULL SPOTTED |
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danger
Supreme |
10-Apr-2017 23:07
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The 1.77 billion contract in jan 2017 and this 542 million .. the value of these contracts ..for midas 's share is already abt worth half of midas market capitalization now | ||||
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relaxz
Member |
10-Apr-2017 22:50
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Not to pour cold water. The JV is 32 plus %. Out of this contract, how much profit can Midas rightly get?
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danger
Supreme |
10-Apr-2017 22:41
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POWERFUL ACCUMULATION TODAY TOMORROW BLAST OFF WITH OPENING JUMP ?! | ||||
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danger
Supreme |
10-Apr-2017 21:11
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APRIL 10 2017 CRRC Nanjing Puzhen Rail Transport Co. (NPRT) has won a metro train car supply contract worth RMB543 million ($110.6 million) in China. The supply contract was awarded by Shanghai Rail Transit Line Two Development Co. for the Shanghai Metro Line 2. |
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danger
Supreme |
10-Apr-2017 19:32
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Midas Holdings Limited (麦 达 斯 控 股 有 限 公 司 ) (?Midas? or the ?Company?, together with its subsidiaries, the ?Group? SGX- ST stock code: 5EN SEHK stock code: 1021) is pleased to announce that its joint venture company, CRRC Nanjing Puzhen Rail Transport Co., Ltd. (?南 京 中 车 浦 镇 城 轨 车 辆 有 限 责 任 公 司 ?) (?NPRT?) has secured a metro train car supply contract worth RMB543 million in the People?s Republic of China (?China? or the ?PRC?). The supply contract was awarded by Shanghai Rail Transit Line Two Development Co., Ltd. (上 海 轨 道 交 通 二 号 线 发 展 有 限 公 司 ) for the Shanghai Metro Line 2 (上 海 市 轨 道 交 通 2 号 线 ), with delivery scheduled between January 2018 and November 2018. Commenting on NPRT?s latest contract win, Mr. Patrick Chew (周 华 光 ), Executive Director and Chief Executive Officer of Midas, said, ?We are pleased to see that NPRT continues to benefit from China?s growing railway network. NPRT?s new contract win reflects the continued demand for its services in the PRC as well as NPRT?s competitive advantage in the railway transportation industry. We are optimistic that NPRT is well-positioned to expand its market share as new opportunities continue to emerge in China?s rail sector.? The contract is expected to contribute positively to the Group?s financial performance for the 2018 financial year. | ||||
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