Midas: DBS Group Research BUY TP: S$0.36.

16 Aug 2017 14:16

DBS Group Research - 2Q17 earnings rose 197% y-o-y to RMB56m, on revenue growth of 32% to RMB506m. Diversification efforts paying off as new Stretched Plates division contributed to both top and bottom lines. Midas is on track to meet our full year forecasts, earnings recovery can be sustained. Maintain BUY, TP S$0.36 (0.8x P/B)...

Source: ShareInvestor Express