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Revisions

The golden opportunities that lie ahead for Midas

In print this week

The golden opportunities that lie ahead for Midas

Michelle Zhu Published on Fri, Apr 21, 2017 / 11:44 AM GMT+8

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SINGAPORE (April 21): After sliding for most of the last six years, shares in Midas are now trading at 0.46 times its book value.

Paul Yong, an analyst at DBS Vickers, says in a recent report that at current levels, the stock is trading at “bombed out” valuations. He is recommending a “buy” with a price target of 36 cents.

See: Midas on road to recovery with railway-related businesses on growth track