Coming one year IPO listing, Healthway medical performed badly debut with 75 % decline on IPO of 36 cents.Now offer 9 cents,it good buy opportunity to pick the stock with Dividend .exdate 19/5/2009. Good investment for long term.
The IPO Price of 36 cents was already high in the first place. Also note the placees were their own friends ie doctors, bankers etc. I doubt the share price can perform. They are not even active in talking to investors. I never see any media features on them, never hear about them doing roadshows at broking houses, never see any research reports on them. Another IPO Miss in SGX.
Stephen, Maybe you can share with us why you think Healthway is worth a look. I find them very similar to this other company, Pacific Healthcare. Pacific also performed very badly and many are already suspicious whether their business model can be sustain in the long term.
Healthway Medical reported profit after Tax of $3.8 million for the first 3 month(Q1) ended 31 March 2009. As you know for medical services in Singapore will increase as the result of changes in demography such as an aging population. Higher incidence of diseases such as diabetes,hypertension,heart-disease,stroke and recently increase in flu will also increase revence for Healthway Medical.Healthway medical having 80 clinics provides medical services. I am just a investor,just to share with our members and it better to focus on our \"Home Gound\" which is safe and sound investment for 9 cents per share. Cheap and Good.Buy now before it go up.
since the last posting above, the stock has moved up only slightly to 10.5 cents. it\'s trading at around 8X historical PE - well, not very cheap. The Edge this week erroneously said 4X. earnings have gone up becos of contribution fr some clinics acquired in July 08, so the y-o-y comparison has to be seen in that light.