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My Query on Midas
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alfredx
Member |
18-Nov-2012 13:05
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ANOTHER GOOD NEW TO MIDAS!!
BEIJING, Nov 18 — Construction of a US$7 billion (RM21 billion) train link between Laos and China will go ahead next year after a Chinese bank threw a financial lifeline to the stalled project, state media reported Friday.The two countries had initially agreed to jointly fund the line, which will run from the Chinese border to Vientiane, but Beijing pulled out over reported concerns about profitability.Chinese state-run EXIM bank has now stepped in with a loan offer for Laos, an official from the public works and transport ministry told the Vientiane Times, adding the pair were “now ironing out the details” of the loan.Another official at the ministry confirmed to AFP that discussions on the details of the loan were underway along with consultations over the route.“The work has not started yet, but we plan to finish it in five years,” said the official, who did not want to be named.A Chinese firm will carry out the construction, the Vientiane Times report said, describing the project as the biggest ever infrastructure scheme undertaken by communist Laos.It will be a link in a vast network set to connect the southwestern Chinese city of Kunming with Singapore.Landlocked Laos, one of Asia’s poorest countries, has no railway apart from a short stretch of track near the Thai border.Under current plans the new Boten-Vientiane line will be 420 kilometres long and require 76 tunnels and around 150 bridges to be built as it carves through Laos, the report said.Passenger trains, which will run at up to 160 kilometres an hour, will stop at 31 stations once work is complete, it added.The scheme has stirred controversy in Laos with the proposed route likely to force thousands of people to move from their homes.Construction on a separate US$5 billion 220-kilometre line linking southern Laos and Vietnam is set to start in January, the Vientiane Times reported Thursday, after financing from a Malaysian investor was secured. — AFP/Relaxnews |
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alfredx
Member |
13-Nov-2012 10:43
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China’s railway ministry will spend $32 billion by Christmas, even though demand for its services is mutedHere is a slice of China’s latest economic stimulus plan in action, which also nicely illustrates the money-go-round that is China’s state-owned economy. Demand for high speed rail services in China has been muted. That is due to a terrible crash that killed dozens of passengers last year and was caused by design flaws. High speed rail is also struggling because of the high cost of tickets and a huge airport building program. But in a bout of far-out stimulus logic, China’s Ministry of Railways will spend 204 billion yuan ($32 billion) in November and December, according to economics consultancy Gavekal Research. That is more than the MoR spent in the entire first half of this year, and is happening even though “MoR’s finances show a net loss of 8 billion yuan in H1,” Gavekal writes in a note. |
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Hulumas
Supreme |
12-Nov-2012 17:44
Yells: "INVEST but not TRADE please!" |
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Strong support at around Sgd. 0.38 level. It is about to fly. | ||||
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Howe123
Member |
21-Feb-2012 20:26
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BTW , I just saw u have a short-term 48 cts price target from yr TA view, so do u think midas is still likely to reach 44 cts -48 cts in the short-term say a few weeks to 1-2 mth ? Or u think Midas likely to drop further? now in confirmed downtrend??
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alexchia01
Elite |
21-Feb-2012 18:16
Yells: "Catch The Stars And Ride With Them" |
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JP Morgan only sold down its own holdings in MIDAS.
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Howe123
Member |
21-Feb-2012 18:12
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Someone told me JP morgan sold midas recently. Can someone tell me is it JP Morgan only sold down it's own holdings of shares in Midas or is it JP Morgan shorted Midas shares?? Anyone knows the answer? |
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