Medtecs boom!

More
28 May 2020 13:51 - 28 May 2020 13:52 #25349 by Kapitan
Medtecs boom! was created by Kapitan


Medtecs, listed in SGX, has TDR on Taiwan Stock Exchange.
The TDR is 1:1 with SG listed shares and closed at a high of TWD8.36 today.
TDR currently trades at equiv. of 39 SGD cents, while the SG-listed stock is trying hard to catch up but now at 26 cents.
Attachments:
Last edit: 28 May 2020 13:52 by Kapitan.

Please Log in or Create an account to join the conversation.

More
28 May 2020 20:30 #25350 by pine
Replied by pine on topic Medtecs boom!
Price run in Singapore has been accompanied by crazy volume : 110 M today, and 164 M, and 108 M in past 2 days.

The 2 prior days were even more crazy: 306 M and 393 M.
No query from SGX. What could it mean? Its surveillance system does not detect manipulation, just a hell of a lot of traders, retail investors, and speculators?

Please Log in or Create an account to join the conversation.

More
04 Jun 2020 21:07 #25365 by pine
Replied by pine on topic Medtecs boom!
AGM on 19 June 2020: Should ask Qs to understand the scale of the business in YTD. So far, the management has been pretty busy with business / has been very low profile while the Covid has been driving lots of business.

>>>>>
Members who wish to ask questions relating to the resolutions to be tabled at the AGM must complete and submit the questions form for the AGM through the e-AGM Webcast Registration by clicking on the URL smartagm.sg/
medtecsagm2020.


links.sgx.com/FileOpen/Notice%20of%20AGM...cement&FileID=615248

Please Log in or Create an account to join the conversation.

More
10 Jun 2020 18:14 - 10 Jun 2020 18:15 #25374 by Kapitan
Replied by Kapitan on topic Medtecs boom!
by 'investor8' (Sharejunction)

IF company reports USD8m net profit for Q2, I think 40 cent price target is achievable. Reason: EPS for 1st half year will be S$0.03c and PER will be 13x.

And we haven' t even factor in their profits for the second half year. If their Q3 and Q4 profits are as good as their Q2 of USD8m per quarter, EPS for 2020 will translate to S$0.07c.

At 10x PER, price would be $0.70c. But, please take this with a pinch of salt because these are just projections (but with a good chance that it is achievable). Good figure and DYODD.
Last edit: 10 Jun 2020 18:15 by Kapitan.

Please Log in or Create an account to join the conversation.

More
18 Jun 2020 10:20 #25385 by Kapitan
Replied by Kapitan on topic Medtecs boom!
Wow, hit 31 cents after consolidating for about 2 weeks ard 25-27 cents level.

AGM is tomorrow. Hope the company releases Q&A with shareholders soon, which will shed light on the business performance to date.

Please Log in or Create an account to join the conversation.

More
19 Jun 2020 08:50 - 19 Jun 2020 08:50 #25387 by Garak
Replied by Garak on topic Medtecs boom!
post By 'investor8" at Sharejunction is pretty clear and good:

"The only problem I see is that the share price is not reflecting the " true" value of this stock in a " perfect" market situation. I can think of a few reasons why share price not trully reflecting value of company:
(1) Free-float too big
(2) Market being " controlled" by BBs
(3) No institutional interest because it is considered penny stock
(4) No market visibility and prominence because not covered by analysts
(5) Substantial shareholder (Chairman) not holding enough stock to " affect" share price
(6) Management cannot buy/sell the shares for fear of disrupting market (recall Xia Junwei).

"We are projecting company to post net profits ranging from at least USD16m to USD24m for whole year FY2020. Actual Q2 results will allow us to get a better forecast of whole year FY2020 since management had already said that H2 profits will be at least on par with H1. So if Q2 net profit is USD4.3m (which is only USD0.63m more than Q1 and more than likely to be achieved), then H2 profit will be at least USD8m which will hit the lowest estimate of USD16m. This translates to EPS of SGD0.041. If Q2 results are much better than expected, we can project a very very bullish figure of USD8.3m, then we hit USD24m for FY2020. Therefore Q2 results (to be announced in less than 2 months' time) very critical in getting a more accurate projection of whole year results. at USD24m for whole year, EPS would be SGD0.61. If we use a " reasonable" PER of 15x, share price should be in the range of S$0.60 to S$0.90. My two cents worth."
Last edit: 19 Jun 2020 08:50 by Garak.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings3.070-0.140
AusGroup0.025-0.001
Avi-Tech Electronics0.420-0.010
Best World Int.1.360-
CEI0.845-
China Sunsine0.350-
CNMC GoldMine0.255-
CSE Global0.455-
Food Empire0.530-
Golden Energy0.165-0.003
GSS Energy0.062-0.002
ISDN Holdings0.205-
ISOTeam0.147-0.007
IX Biopharma0.3150.065
JB Foods0.590-
KSH Holdings0.325-0.015
Medtecs Intl0.635-0.045
Moya Asia0.0610.001
Nordic Group0.210-
Oxley Holdings0.2400.005
Procurri0.290-
REX International0.169-0.004
Riverstone3.100-0.220
Roxy-Pacific0.335-
Sing Holdings0.365-
SingMedical0.2600.005
Straco Corp.0.5100.030
Sunningdale Tech1.030-
Sunpower Group0.450-0.015
The Trendlines0.106-0.001
Tiong Seng0.165-
Uni-Asia Group0.530-
Yangzijiang Shipbldg0.935-0.005

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 323 guests and no members online