Sino Grandness / Midas

S-Chips / Sino Grandness / Midas: DMG says adventurous investors could play China's economic comeback via some of the solid S-chips in the infrastructure and consumer segments. Tips its consumer pick as Sino Grandness (Buy, TP $0.68), as China's market leader for canned asparagus, long beans and mushrooms benefits from a shaky European economy prompting consumers there to shop at discount stores; notes Sino Grandness supplies to two major European discount stores, Lidl and Aldi, on an OEM basis. The group's beverage business is also a key driver, with Sino Grandness aiming to spin it off in a HK listing by 2014, which if successful, will be a stock-price kicker. DMG notes the best S-chip infrastructure exposure is via Midas (Buy, TP $0.50). Highlights the co secured a number of orders with delivery set for 2013-15. Believes more contract-wins by Midas are likely to be announced as the Chinese govt pushes through with its investment plans in rail development. Sino Grandness ended flat at $0.63; Midas ended up 6.0% at $0.445, closing at a fresh 52 wk high.