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Medtecs Intl
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Continuing the journey
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spursfan
Supreme |
14-Aug-2022 15:40
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3.9 mil loss for 1H2022
Full details here- https://links.sgx.com/1.0.0/corporate-announcements/BJ3JYXGAXQWROOC5/728580_Medtecs_SGX%20Announcement_2022%201h22.pdf |
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desmondxyz
Veteran |
25-Jul-2022 14:39
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no need more gloves or masks,,,need more condoms though
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LowLow12
Elite |
25-Jul-2022 13:15
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Monkeypox is here do we need more gloves or masks? :) |
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des_khor
Supreme |
24-Jul-2022 15:54
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Will tomorrow got some run up from monkeypox effect ? | ||||
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TA_Expert
Supreme |
24-Jul-2022 15:49
Yells: "The World has changed" |
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To be honest, the company won' t go bankcrupt since PPEs and masks are daily stuff for healthcare sector even if there is no pandemic.
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teeth53
Supreme |
24-Jul-2022 14:34
Yells: "don't learn through life, learn to grow with life " |
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Run by shorties......😭 😫
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teeth53
Supreme |
24-Jul-2022 14:14
Yells: "don't learn through life, learn to grow with life " |
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MDBS Group Research analysts Woon Bing Yong and Ling Lee Keng have maintained their ?hold? call on Medtecs International as the company saw an 87% y-o-y decline in earnings of US$17.3 million ($23.5 million) for the FY2021 ended December.
☆ 》 😭 The lower earnings were attributable to the lowered demand amid the improving Covid-19 situation.
☆ 》 😭 ?The continued performance decline in 2HFY2021 has brought about concerns on the longer-term sustainability of Medtecs? earnings. Despite elevated demand for personal protective equipment (PPE) deliveries in England, revenue for Medtecs did not appear to increase. This could hint at a potential loss of market share, possibly to domestic PPE producers,? write the analysts in their March 23 report. (546.SI - Medtecs International Corporation Limited)
☆ 》 Price. Currency in SGD 0.1890...😂
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teeth53
Supreme |
24-Jul-2022 13:50
Yells: "don't learn through life, learn to grow with life " |
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Medtecs International Corporation has issued a profit guidance for its performance in 1HFY2022 ended June.
☆ 》 In a Singapore Exchange (SGX) filing on July 20, the integrated healthcare product and services provider says it expects to generate a loss for the period and will announce its 1HFY2022 results on or before Aug 15.
☆ 》 ?This is mainly due to lower orders from our original equipment manufacturing (OEM) clients and reduction of demand and average selling prices of facemasks and personal protective equipment (PPE) globally,? says Medtecs.
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jacky80
Senior |
23-Jul-2022 22:19
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17 years later wolverine will appear again.. | ||||
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muifan
Supreme |
23-Jul-2022 16:21
Yells: "Take the leap of faith dont regret 20 years later!" |
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famous quote by wolverine...no $3.88 no sell....
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TA_Expert
Supreme |
23-Jul-2022 15:40
Yells: "The World has changed" |
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No $3.88 no sell. Have to wait for another 17 years.
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jacky80
Senior |
22-Jul-2022 14:18
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Saw tiger broker app, quite a few still holding $1 above..
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kandinsky
Master |
22-Jul-2022 13:07
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I am not vested in this counter, but wondering if there is anyone still holding this bag at $1? | ||||
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Joelton
Supreme |
21-Jul-2022 15:06
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Medtecs to post H1 loss on fewer orders, lower prices of PPE and masks
PROTECTIVE gear manufacturer Medtecs International is bracing for a loss for the first half of 2022 ended June, the company announced on Wednesday (Jul 20).
Medtecs said the red ink it expects for the period is due primarily to fewer orders from its original equipment manufacturing clients, as well as a reduction in demand and average selling prices of facemasks and personal protective equipment (PPE) globally.
Sales in Taiwan and the Philippines and e-commerce sales remained steady during H1, the company noted.
However, Medtecs booked additional marketing, advertising and distribution expenses to promote the &lsquo Medtecs&rsquo brand and own-brand products and grow its e-commerce business.
There were also additional expenses incurred in the setting up of the nitrile glove factory in Cambodia, which is being built via the group&rsquo s joint-venture company, Resilient Medical.
Due to the supply chain disruptions in China, the expected completion date for the nitrile glove factory has been delayed by 3 months. However, Medtecs said it continues to actively catch up on milestone completion dates, with mass production expected to commence in Q3 2022.
Medtecs&rsquo board of directors said the delay in the completion of the nitrile glove factory is not expected to have a material adverse impact on the overall financial position of the company, which &ldquo remains healthy&rdquo .
Medtecs said it continues to engage with group purchasing organisations, institutional clients and government agencies to promote and distribute its products. The company will also leverage its increased marketing presence to build up its e-commerce business and create a stable business-to-consumer customer base.
&ldquo We are also working on a number of stock-piling projects for military uniforms and protective solutions in the Philippines as the world transitions to the post-Covid-19 era,&rdquo it added.
Medtecs will announce its H1 financial results on or before Aug 15.
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lailai
Elite |
21-Jul-2022 08:56
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Investors expect perf to be weak otherwise price wont drop to current 20c from peak of $1.80 2 yrs ago.. Like las semi aso got gave profit guidance., eps was -0.4c, but konsi still reward div of 0.8c paid a few weeks ago. Maybe this semi aso do same. Konsi has huge cash reserve, cih of 12.1cps, and nav of 46c. So can afford if they are willing, otherwise wat they goin to do with the cash. TW trading is equal ard 36cents. |
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MakeChanges
Elite |
21-Jul-2022 08:46
Yells: "No price is too low for a bear or too high for a bull" |
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Medtecs to post H1 loss on fewer orders, lower prices of PPE and masks PROTECTIVE gear manufacturer Medtecs International is bracing for a loss for the first half of 2022 ended June, the company announced on Wednesday (Jul 20). Medtecs said the red ink it expects for the period is due primarily to fewer orders from its original equipment manufacturing clients, as well as a reduction in demand and average selling prices of facemasks and personal protective equipment (PPE) globally. Sales in Taiwan and the Philippines and e-commerce sales remained steady during H1, the company noted. However, Medtecs booked additional marketing, advertising and distribution expenses to promote the &lsquo Medtecs&rsquo brand and own-brand products and grow its e-commerce business. There were also additional expenses incurred in the setting up of the nitrile glove factory in Cambodia, which is being built via the group&rsquo s joint-venture company, Resilient Medical. Due to the supply chain disruptions in China, the expected completion date for the nitrile glove factory has been delayed by 3 months. However, Medtecs said it continues to actively catch up on milestone completion dates, with mass production expected to commence in Q3 2022. Medtecs&rsquo board of directors said the delay in the completion of the nitrile glove factory is not expected to have a material adverse impact on the overall financial position of the company, which &ldquo remains healthy&rdquo . Medtecs said it continues to engage with group purchasing organisations, institutional clients and government agencies to promote and distribute its products. The company will also leverage its increased marketing presence to build up its e-commerce business and create a stable business-to-consumer customer base. &ldquo We are also working on a number of stock-piling projects for military uniforms and protective solutions in the Philippines as the world transitions to the post-Covid-19 era,&rdquo it added. Medtecs will announce its H1 financial results on or before Aug 15. Shares of Medtecs closed on Wednesday at S$0.205, up 2.5 per cent or S$0.005. |
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TheMatrix
Elite |
20-Jul-2022 20:56
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Game over! | ||||
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spursfan
Supreme |
20-Jul-2022 17:40
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PROFIT GUIDANCE FOR THE HALF-YEAR ENDED 30 JUNE 2022 The Board of Directors (the "Board") of Medtecs International Corporation Limited (the "Company" and together with its subsidiaries, the "Group") wishes to inform the shareholders of the Company that, based on a preliminary review of the unaudited management accounts of the Group for the half-year ended 30 June 2022 (?1H 2022?) and information currently available, the Company is expected to generate a loss for 1H 2022. This is mainly due to lower orders from our Original Equipment Manufacturing (OEM) clients and reduction of demand and average selling prices of facemasks and Personal Protective Equipment globally. Sales in Taiwan and the Philippines and e- commerce sales remained steady during 1H 2022. The Company incurred additional marketing, advertising and distribution expenses to promote the ?Medtecs? brand and own-brand products and grow its e-commerce business. The Group has also incurred additional expenses in setting up the nitrile glove factory in Cambodia, which is being built via the Group?s joint venture company, Resilient Medical Pte. Ltd., as announced previously on 2 March 2021, 22 November 2021 and 1 March 2022. Due to the supply chain disruption in China, the expected completion date for the nitrile glove factory has been delayed by 3 months however, the Company continues to actively catch up on milestone completion dates, with mass production expected to commence in the 3rd quarter of 2022 ending 30 September 2022. The Board, having considered the Group's overall financial position, cash flow and operations, considers that the delay in the completion of the nitrile glove factory is not expected to have a material adverse impact on the overall financial position of the Group, which remains healthy . The Group continues to engage with group purchasing organisations, institutional clients and government agencies to promote and distribute its products. The Group will leverage its increased marketing presence to build up its e-commerce business and create a stable Business to Consumer customer base. We are also working on a number of stock-piling projects for military uniforms and protective solutions in the Philippines as the world transitions to the post-COVID-19 era. The Company is still in the midst of finalising its financial results for 1H2022 (the ?Half- Yearly Results?). Further details on the Group?s financial performance will be made available in the Half-Yearly Results, which will be announced on or before 15 August 2022...... https://links.sgx.com/1.0.0/corporate-announcements/PAX8QMJNOKAT8ZTW/724111_Medtecs%20Profit%20Guidance-%201H%202022.pdf |
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lailai
Elite |
27-Jun-2022 16:41
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It' s 205 not 250 lah. Anyway, 0.83cps angpau otw fri. Nav 46c, CIH 12.1c. Wonder if 1H got more angpau boh, as they hv so much cash, wat they wan to do with it if no distrib.
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tofudidi
Supreme |
23-Jun-2022 09:40
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250 coming otot... monkeypox and new covid wave!
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