Midas

Midas: NRA’s Kevin Scully note that Midas latest profit warning is no news, and a weak 2012 is already known and discounted. Note that Midas stock traded at around 35c in Nov12 and has recently reached the 55clevel before correcting to 52c on Fri. What is more important for investors is that in the first two mths of 2013, Midas has announced that one of its operating entities has secured two contracts worth more than RMB1b. House still like the stock and further weakness in Midas shares provides a good buying opportunity especially if they fall below the $0.50 level.