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05-Jun-2021 17:38

CFM / MEDICAL CLEANTECH PPLE GLOVE ALL THEY GOT

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$CFM(5EB.SI) Given the recent share price spike from 3 cents to 16.3 cents, I went to poke around. This Company for Real Not? They List this CanSino Biologics Vaccine as their Product lei. Note CanSino is one of the ONE shot Gamechanger Vaccine and got EU European Union Approval. Can INS guru fact check? Nowadays SGX let these people do what they want?

They also got a lot of Test Kits.

Are they for real?

AD5-nCOV, a single-dose viral vector vaccine for COVID-19 developed by CanSino Biologics.

65.7% efficacy in preventing moderate symptoms
91% efficacy in preventing severe disease
EU GMP Certificate
Single-Dose COVID-19 Vaccine approval from NMPA

https://www.singswe.com/products/vaccine/

Joelton ( Date: 05-Jun-2021 12:54) Posted:

CFM Holdings fields slew of SGXRegCo queries over its acquisition of pharma startup

SHARES of $ CFM: 5EB +32.77% have soared over the past two days, following its announcement on Thursday that it would acquire a 51 per cent stake in SING-SWE MM Biotechnology, which distributes and sells pharmaceutical products, for up to S$6.1 million.

When asked by the Singapore Exchange Regulation (SGX RegCo) who introduced this deal, CFM said a mutual business associate had introduced Fang Huasheng and Gao Hong to its chief executive officer, Janet Lim, for the purposes of distribution and sale of viral test kits in Singapore.

CFM had further commenced discussions and negotiations with the vendors for a potential collaboration, which led to the agreement of a proposed acquisition of SING-SWE MM Biotechnology, said the group in a bourse filing on Friday.

Mr Fang is an 83 per cent shareholder of New Energy Industry Sweden (NEIS), a firm originally appointed as the exclusive international distributor for the test kits. He is also a director of SING-SWE MM Biotechnology. Mr Gao is a vendor and director of SING-SWE MM Biotechnology.

CFM said no introducer or finders fees will be paid by the company for the proposed acquisition.

When asked whether an independent valuation had been done before the proposed acquisition, the group told SGX RegCo that SING-SWE MM Biotechnology had commenced business only recently it was " more of a startup" although it is operating in an industry that is currently well-established.

The proposed acquisition was therefore structured to be on an earn-out basis in order to reduce the risk to CFM and its shareholders, said the group.

No formal due diligence has been conducted on SING-SWE MM Biotechnology. That said, CFM noted that it had started reviewing preliminary information, including information related to the test kits and the distribution arrangements in place searches on shareholding and company information have also been conducted on SING-SWE MM Biotechnology and NEIS.

However, CFM stressed that such review is at a preliminary stage and formal due diligence is uncomplete.

Following the deal announcement on Thursday, CFM shares jumped 80.3 per cent to end at 11.9 Singapore cents amid heavy trading, up from when it last traded on May 28. Some growth momentum carried into Friday, with the counter closing up 32.8 per cent to 15.8 cents.

CFM had proposed to acquire 51 ordinary shares from vendors Mr Gao, Wang Xinmeng and NEIS. As at Thursday, SING-SWE MM Biotechnology has an issued and paid-up share capital of S$100 comprising 100 ordinary shares. NEIS will own the remaining 49 per cent of its issued share capital, down from 70 per cent before the proposed acquisition.

In consideration for the sale shares, CFM will allot and issue an aggregate of up to 120 million new fully-paid up ordinary shares in its capital at an issue price of 5.1 cents each to the vendors. This issue price represents a 25.8 per cent discount to the current traded price, and the maximum number of consideration shares to be issued represent some 59.5 per cent of CFM' s existing share capital.

SGX RegCo had asked what the group considered before agreeing to such terms. CFM said negotiations with the vendors had commenced prior to May 28, when the counter had a daily trading range of around 3 cents.

CFM had also considered that the issue price of 5.1 cents represented only a " small discount" of 2.3 per cent to the group' s net asset value per share.

It further said that, as per the deal agreement, the maximum number of consideration shares will be issued only if SING-SWE MM Biotechnology earned a net profit after tax of at least S$2 million, which represents a " significant turnaround" from its loss-making position for the half-year ended Dec 31, 2020.

SGX RegCo further asked how CFM arrived at the purchase consideration of S$6.1 million, given that SING-SWE MM Biotechnology is still a new firm.

The group said businesses that generated income from activities related to the Covid-19 pandemic have " generally done well" since early 2020, including the manufacture and sale of personal protective equipment such as masks and gloves, and the manufacture and sale of biopharmaceutical products for use against Covid-19, such as testing kits and vaccines.

SING-SWE MM Biotechnology owns exclusive distribution rights to certain viral test kits in Europe, Africa, South Asia, South-east Asia and the Middle East, and intends to invest in and develop its own products in related fields.

While there are no SGX-listed companies directly comparable to SING-SWE MM Biotechnology, CFM noted that the share price of Top Glove has more than tripled in value since January 2020, and continues to trade at a trailing price-earnings (PE) ratio of more than six times Hyphens Pharma International Limited trades at a trailing PE ratio of almost 15 times.

In a separate query, SGX RegCo asked whether CFM has the experience and resources to run the new business. The group said its intention is for SING-SWE MM Biotechnology to continue running the business, with board management and control from CFM.

It further said it has been in the business of distribution and sales of personal protective equipment in Singapore, including in the pharmaceutical and healthcare industries, via its subsidiary since January 2015. It therefore believes it has the right experience and network to provide " strategic input" for SING-SWE MM Biotechnology, particularly in Singapore and the region.

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04-Jun-2021 18:53

CFM / MEDICAL CLEANTECH PPLE GLOVE ALL THEY GOT

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SHORTIST CHAO TAR. their average short pirce is 0.13882778, close 0.158 HAHA.

$ CFM                  18552200            SGD      2575560.8

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04-Jun-2021 18:27

CFM / MEDICAL CLEANTECH PPLE GLOVE ALL THEY GOT

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Their REPLY to SGX very fierce. Not vested but taking popcorn to watch, this is likely to see 20 cents

The Board noted that businesses that generated income from activities related to the COVID-19 global pandemic has generally done well since early 2020, including the manufacture and sale of personal protective equipment such as masks and gloves, and the manufacture and sale of biopharmaceutical products developed for use against COVID-19 such as testing kits and vaccines. The Board believes that there are no companies directly comparable to the Target that are listed on the SGX-ST. However, the Board notes that the share price of a personal protective equipment manufacturer such as Top Glove Corporation Bhd has more than tripled in value since January 2020 (and was six times that in October 2020) and continues to trade at a trailing price earnings ratio of more than 6 times (based on publicly available information obtained from SGXNET). The Board also notes that Hyphens Pharma International Limited (which core business also includes the distribution and sale of pharmaceutical products) trades at a trailing price earnings ratio of almost 15 times (based on publicly available information obtained from SGXNET). The Board also understands that Biolidics Limited has publicly announced the entry into the distribution and sales of COVID-19 antigen rapid test kits, however it is unable to make any meaningful comparison from publicly available information from SGXNET in this regard as it is unclear what scale it has.

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04-Jun-2021 14:11

Oceanus / Oceanus major business model restructure

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No Q1 results since the date for Q1 has passed. Most likely have to wait for Half Year Results. I think Oceanus will NOT going to see CFM or RH movement unless we got News. I think removal of watchlist + half year + BLOCKCHAIN for their food production. Remb this is HODL. Hard to make big move cause 24 Billion Shares/

mondaybluesy ( Date: 04-Jun-2021 13:57) Posted:

No Q1 results anymore. Next result will be half-year report, sometime in July.

lp2000 ( Date: 04-Jun-2021 13:44) Posted:

I guess we should see some Q1 results soon? or are they going to do only a half-year report

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03-Jun-2021 17:24

CFM / MEDICAL CLEANTECH PPLE GLOVE ALL THEY GOT

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11.4 close then SHORTS had to Cover, so 5 Pips End of the DAY FORCE GAP UP, very fierce. rumour has it shorts lost their liver. Can BB show love to OKH Global and ICP? I blanja BB dinner.

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03-Jun-2021 17:14

ICP / ICP

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MALAYSIA DATUK STOCK

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03-Jun-2021 17:05

GRC / OK Huat !!!

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their turn soon. BB will turn to play this GEM. 6.7 cents NAV/

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03-Jun-2021 10:00

EcoWise / join the rally for Ecowise(bullish close)

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Yesteday buy 7.1 seller was KGI Fraser, after sell went to 7.2 and 7.3 battle then crash to 6.8/6.9 closing. Thought Game Over.

Queue to sell at 7.6 yesterday, morning filled buyer was Phillip. Now 7.8, thanks for COFFEE money BB.

Sharing the CP for those keen.

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02-Jun-2021 19:04

EcoWise / join the rally for Ecowise(bullish close)

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Most likely covered back but their short price is 0.068xxx which is lower than 0.069 close, so they lost $$$.

Blackcitron ( Date: 02-Jun-2021 18:56) Posted:

Today shortsales volume 16,752,800

They will have to covert it back

HappyBunny ( Date: 02-Jun-2021 18:31) Posted:

You damn chun! 👍 👍

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02-Jun-2021 13:52

GRC / OK Huat !!!

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The NAV is 6.5 Cents with 0.8 Cents Cash On Hand, with June 13 Relaxation. OKH likely to be good proxy for Re-Open! ALL IN HUAT but BBs please give chance n Push.

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02-Jun-2021 00:34

AEM SGD / business turnaround ?

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TP Today 3.85!

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01-Jun-2021 18:13

Oceanus / Oceanus major business model restructure

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Bro Chia, you only have 200,000 shares? Not enough la, even I have 10x you lei. Come on, 200,000 shares if huat where got SHIOK. Add la, at least to 600,000!

chiachiawee ( Date: 01-Jun-2021 17:26) Posted:

I just drop by occasionally to see if any newbies still feel uncomfortable with their holdings here and just so incident that bro Greg mentioned me..LOL..hello to those who fear, always think about why at the first place you bought into this, repeat and do your homework. And if really still uncomfortable, clear your holdings.. The market is big enough for you to not bother this counter.. US, Malaysia, any exchange you would like, plenty of opportunities people.. Get yourself out there to discover more..and now, I shall leave this thread again till I see something fruitful..anyway I' m just holding 200k shares, nothing much so I can just leave it here without bothering.. cheers..

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01-Jun-2021 16:52

Oceanus / Oceanus major business model restructure

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Everyday I see this Oceanus thread, every day I laugh. Most of us wont even bother if after exit watchlist share price stagnant. Dont get me wrong, I of course want to HUAT fast. But this is an Investment not a Trade. you need to believe in it. And I sleep easy at night but the only thing I ask myself is if I should add more. If you realise Chiachiawee, Mondaybluesy, Greg usually just dont bother about this share or thread. It will Rise, it is just when you celebrate. For the record no 8.5 cents no sell. Min consider to sell is 8.5

mondaybluesy ( Date: 01-Jun-2021 15:11) Posted:

Thank you. I am not sure that it is currently priced in that Oceanus will not exit the watchlist. My take is that investors who are impatient or intolerable of the uncertainty over the watchlist exit has all sold. Only the longist and true investors of Oceanus remain. That' s why we have seen a drop in short interest as well, given that there are fewer and fewer sellers.

While the exit of watchlist might not cause the share price to spike immediately, I wholly believe the successful exit will mark a new chapter for Oceanus for a few reasons:

Weight of SGX' s approval over their business viability
Ability to welcome institutional investors
Increase coverage by mutual funds and analysts
Further Flexibility of Corporate Actions such as share conslidation or fund raising

Overall, it would prepare Oceanus for the next level of corporate growth. And with corporate growth, comes better earnings and (hopefully) increased share price and valuation.

dontbeconned ( Date: 01-Jun-2021 12:04) Posted:

in my previous post, I specifically mentioned that if oceanus share price will not spike even it exits the watch list. I think I was wrong. Based on the price movements, the retail investors had built in the proabability that oceanus may not exit watch ldue to unforseen circumstances. This had increased their risk appetite. The very fact the retail investors steadfastedly hold on to the investors with the dear lives despite many attempts were made to rule their emotions. There were no panic selling. Only very moderate. I think barring any unforseen cicumtssances and co financi al position remains status quo , 4 pillars intact, , , once oceanus exit the watch list, the price will spike sharply . No reason for SGx to query also. Because the risk profile of the retail investors had increased substantially.

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01-Jun-2021 16:44

AEM SGD / business turnaround ?

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CAN AEM Huat Now? 3.85 tomorrow can?

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26-May-2021 21:06

Oceanus / Oceanus major business model restructure

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Oceanus Sell their Prawns and Abalones to US. Plus Tech to Elon Musk?

ckmpd1 ( Date: 26-May-2021 20:43) Posted:

Seafood demand in singapore is going to go up.

gregtan123 ( Date: 26-May-2021 20:22) Posted:

Urner Barry: A perfect storm of record demand and fewer imports is driving sky-high seafood prices

https://www.youtube.com/watch?v=oyTaq1PNyzo

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26-May-2021 20:22

Oceanus / Oceanus major business model restructure

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Urner Barry: A perfect storm of record demand and fewer imports is driving sky-high seafood prices

https://www.youtube.com/watch?v=oyTaq1PNyzo

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21-May-2021 14:06

Oceanus / Oceanus major business model restructure

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Thoughts same as yours. For me Cheong bro, it does NOT matter which price you buy. this is going to the MOON at least 8.5 cents. Even for those who bought ATH at 7.8 cents, HODL till Dec 2021 or June 2022 max depends on Covid/sentiment, more or less we will see min 8.5 cents. But i agree other stocks may give u better trading returns. For me this is HODL, i will only add at 3.1 cents sicne I got tons.

CheongArgh ( Date: 20-May-2021 17:09) Posted:

Bro Greg, love to hear your thoughts.....

CheongArgh ( Date: 20-May-2021 14:49) Posted:

And of course, it will take a while for greedy dream to come true....hoped it' s sooner than later.....

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20-May-2021 13:52

Oceanus / Oceanus major business model restructure

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OCEANUSER: BREAKING NEWS! Go see PM Lee' Facebook NOW. He cited Food Security as the NO.1 National Priority! OCEANUS will be Singapore' s Tesla or DBS.

Lee Hsien Loong

3tnSpodnsroroedh ·

COVID-19 has clearly shown that food security is a national priority. As a small island, we import almost all of our food. Having local farms (like the one in this video) supply part of the food we eat strengthens our food security. It makes us less reliant on food imports, and also buffers us against supply disruptions.

The Singapore Food Agency (SFA) is working with stakeholders to transform Lim Chu Kang into Singapore&rsquo s core agri-food hub, and bring us closer to our &ldquo 30 by 30&rdquo goal &mdash producing 30% of our nutritional needs locally by 2030. We can all help shape our food story together.

Join in the conversation, and find out how you can play a part in ensuring our food security here: www.ourfoodfuture.gov.sg

&ndash LHL

mondaybluesy ( Date: 20-May-2021 13:28) Posted:

Thank you for the honesty. I appreciate and share the concern especially all that is going on in Singapore right now.

If capital preservation is your main concern, then one should not be investing in Oceanus. Because in a recession (if it does come), everything will fall especially growth companies like Oceanus. However, mature companies generally fall less, as they have a solid, constant, profitably business that anchors the share price.

However, the consideration of risk is only meaningful in the context of potential reward. Sure, one is unlikely to lose as much in a recession investing in mature slow growing companies than in growth companies, but to upside as an investor is severely limited. We have all experienced the exponential returns of Oceanus in the short-run, a % return which is unlikely for mature companies.

The qn then is how do we maximise the risk-reward ratio in our favour? My approach: find a fast growing company in a scalable business that remains essential despite the pandemic.

Oceanus fit that criteria because:

Food sustainability is crucial for Singapore, APAC and globally
Oceanus achieved 855% increase in revenue despite (arguably) the worst of the pandemic in 2020
Management is competent and have kept all promises to shareholders (thus far)
Management is personally invested (at a higher share price than currently)
Few to little institutions (not corporates) are currently invested (so I can get in before the big money)
Lack of analyst coverage (same as 5)
Starting phase of a clear, well defined, 3 year growth journey

I am concerned about the SG economy as we all should be. Thus, I am leaning heavier to investments where the odds are in my favour.

Adrielx ( Date: 20-May-2021 11:30) Posted:

Right now just feeling abit worried whether SG will put in tighter restrictions if community cases remain high every day. And how would that affect companies like Oceanus

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20-May-2021 13:11

Oceanus / Oceanus major business model restructure

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Thanks Chiachia and Cheong bros.

Cheong bros more than 10 cents? 10 cents already makes it 2.4 Billion Unicorn HAHA. Im game more than that, I am very patient HAHA. What' s ur TP for fun only.

CheongArgh ( Date: 20-May-2021 12:55) Posted:

Yup, fully agreed.....in fact, I have been buying on dips as I see it as a chance of a lifetime and my tp is higher than bro Greg' s.....

chiachiawee ( Date: 20-May-2021 12:40) Posted:

Yes. Im on the same page with bro greg. Have been saying many time too. Dont need monitor this thread. Monitor its QR performance instead. When time comes, it will rise on it own course. Monitor this thread is waste of time..I should check back this thread in August after its QR..cheers.

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20-May-2021 12:27

Oceanus / Oceanus major business model restructure

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I understand the WORRY insofar as the Sentiment Bad for ALL-Non Sheng Siong/PPE stocks if we go CB but that will be a short knee jerk reaction. most fail to get it that Oceanus is actually good for both pandemic and no pandemic. Pandemic = Food Security. No Pandemic = Distribution Biz Boom. We are the start of a Long Journye. If u ask me, NO rush to buy. But if u r on board, just delete the stock, dont monitor, set 10 cents TP alert with a 1.5 years horizon. Thank Greg later. This one barring unforseen circumstance, in 1.5-2 years, BAO JIA 10 cents. No need conslidation, naturally go there. Vested.

StevenKan ( Date: 20-May-2021 12:10) Posted:

Many people will have same worried as you but I do not understand your worried. Ahahahaha....

Adrielx ( Date: 20-May-2021 11:30) Posted:

Right now just feeling abit worried whether SG will put in tighter restrictions if community cases remain high every day. And how would that affect companies like Oceanus

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