"MIDAS, one of My Stock Picks, has delivered a good set of FY2013 results":
"Outlook for the PRC rail transportation industry is expected to remain vibrant, notwithstanding the anticipated slow-down in the PRC’s economic growth to 7.4% in 2014.
"The Government’s continued support to grow China’s transportation network will see the China Railway Corporation (“CRC”) making approximately RMB630 billion in railway fixed-asset investment in 2014.
"The PRC metro sector is also expected to grow, as local bureaus of the National Development and Reform Commission have continued to fast-track approvals for new metro projects. Presently, a total of 36 Chinese cities have approved plans to build new subway lines and the total urban rail network is targeted to grow to 3,000 km by 2015, and 6,000 km by 2020.
"According to the country’s 12th 5-year plan for railway development, China will have around 123,000 km of railways in operation by 2015, including 18,000 km of high-speed railways and an express railway network totaling 40,000 km in length.
"In line with this target, the CRC plans to build more than 6,600 km of new railway lines in 2014. As at the end of 2013, the PRC rail network has exceeded 100,000 km, with the high-speed rail network exceeding 10,000 km."
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"Outlook for the PRC rail transportation industry is expected to remain vibrant, notwithstanding the anticipated slow-down in the PRC’s economic growth to 7.4% in 2014.
"The Government’s continued support to grow China’s transportation network will see the China Railway Corporation (“CRC”) making approximately RMB630 billion in railway fixed-asset investment in 2014.
"The PRC metro sector is also expected to grow, as local bureaus of the National Development and Reform Commission have continued to fast-track approvals for new metro projects. Presently, a total of 36 Chinese cities have approved plans to build new subway lines and the total urban rail network is targeted to grow to 3,000 km by 2015, and 6,000 km by 2020.
"According to the country’s 12th 5-year plan for railway development, China will have around 123,000 km of railways in operation by 2015, including 18,000 km of high-speed railways and an express railway network totaling 40,000 km in length.
"In line with this target, the CRC plans to build more than 6,600 km of new railway lines in 2014. As at the end of 2013, the PRC rail network has exceeded 100,000 km, with the high-speed rail network exceeding 10,000 km."
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