SINGAPORE (Nov 19): OCBC Investment Research reckons that the near-term growth outlook for Midas Holdings remains “uncertain and more likely muted” despite the company posted positive results in 3Q.

It says Midas’ new light alloy plant will take time to ramp up earnings, while the new Luoyang plant will also take time to build up a track record to produce higher margin products.

Meanwhile, the orders for equipment and trains manufacturers in China will only flow in closer to end FY16 or even FY17, OCBC thinks.

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