Midas: Its JV company, Nanjing SR Puzhen Rail Transport Co. Ltd (NPRT), has secured RMB2.1b worth of metro and tram contracts in China. Delivery of the metro trains and trams is scheduled across 2016 – 2017, and these contracts are expected to contribute positively to Midas’ financial performance for FY16 and FY17.
OCBC kept their forecasts unchanged and currently have a HOLD rating with a TP: $0.375.
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