Wednesday, December 5, 2012

Midas

Midas: stock is +2.6% at $0.39. No recent company-specific/ industry news flow to highlight. However, up till some wks back, we were highlighting how China is starting to resume investment in railways and dish out more railway contracts , which could lead to positive spillover demand for Midas' aluminum extrusion profiles used in making train carriages. Midas' key client CSR (1766 HK) is up 0.9% at HK$6.65 today.

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