 Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. The Group operates three business divisions; namely, Aluminium Alloy, PE Pipe and Agency and Procurement.
Midas is a PRC certified supplier to the world’s largest train manufacturers, ALSTOM SA, Siemens and Changchun Bombardier. The Group’s customers included MNCs and PRC state-owned companies such as ALSTOM Transport SA, Siemens Transportation Systems Group, CNR Changchun Railway Vehicles Co., Ltd, CNR Tangshan Rolling Stock Works, Nanjing SR Puzhen Rail Transport Co., Ltd, CSR Zhuzhou Electric Locomotives, etc.
The Group is also involved in high profile projects such as the Beijing – Tianjin High Speed Train Project, Regional Line Phase 1 Project, Shanghai MRT Line 1 Extension Project, Shanghai MRT Line 1 Extension 2 Project, Shanghai Line 2 Extension 1 Project, Shanghai Yangpu MRT Line Phase 1, Shanghai Metro Lines 6, 7, 8, 9, 10 and 11 Projects, Shanghai Pearl Line Project, Shenzhen MRT Line 1 Extension Project, Guangzhou MRT Lines 2, 3 and 8 Projects, Tianjin MRT, Nanjing Metro Lines 1 and 2 Projects, the Circle Line project in Singapore, Metro Oslo MRT in Norway, Valero Rus Project in Russia, Desiro Mainline Project in Germany, Helsinki-St. Petersburg Project, Beijing Airport Terminal 3 and the Shenzhen Exhibition Centre. Midas also has a 32.5 per cent equity stake in a Sino-foreign joint venture, Nanjing SR Puzhen Rail Transport Co., Ltd, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts.
In September 2007, Midas was named “2007 China’s Top Brand” by the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (“AQSIQ”). Midas was also included in Forbes Asia’s “Best Under A Billion” list for three years consecutively from 2006 to 2008.
| HISTORICAL PRICE DATA |
| Date |
Open |
High |
Low |
Close |
Volume |
| 09 Jan 2009 |
0.520 |
0.535 |
0.515 |
0.525 |
11,511,000 |
| 08 Jan 2009 |
0.510 |
0.520 |
0.505 |
0.520 |
9,463,000 |
| 07 Jan 2009 |
0.545 |
0.550 |
0.515 |
0.520 |
21,968,000 |
| 06 Jan 2009 |
0.535 |
0.535 |
0.515 |
0.535 |
29,923,000 |
| 05 Jan 2009 |
0.505 |
0.535 |
0.505 |
0.530 |
44,917,000 |
|
| FUNDAMENTALS |
Historial EPS ($) a
0.03780 |
Rolling EPS ($) e
0.03901 |
NAV ($) b
0.2573 |
Historical PE
13.889 |
Rolling PE f
13.458 |
Price / NAV b
2.040 |
Dividend ($) d
0.020000 |
52 Weeks High
1.520 |
Par Value ($)
n.a. |
Dividend Yield (%) d
3.810 |
52 Weeks Low
0.250 |
Market Cap (M)
443.293 |
Issued & Paid-up Shares c
844,368,000 |
|
|
|
 |
|
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