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Latest Forum Topics / Medtecs Intl    Last:0.122 --  Post Reply
The next journey
Luzern
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26-Aug-2021 15:27     
 
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 Alert Admin 		Based on the qtr to qtr results, the price have crashed from 1.8+, 1.9+ last year to my target price of 0.5+ this year lol. 0.5+ target price reached months ahead of what i expected. The speed of the unraveling is worst than i thought.

kiattttt      ( Date: 26-Aug-2021 14:06) Posted:

u talked about the ' next quarter results' since last year lol

Luzern      ( Date: 26-Aug-2021 09:29) Posted:

I wonder will there be Q3 result announcement or not.  If have, can look at the numbers and decides on next trading steps.  If do not have, then better do damage control before the  mandatory full year result is out.
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kiattttt
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26-Aug-2021 14:06     
 
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 Alert Admin 		u talked about the ' next quarter results' since last year lol

Luzern      ( Date: 26-Aug-2021 09:29) Posted:

I wonder will there be Q3 result announcement or not.  If have, can look at the numbers and decides on next trading steps.  If do not have, then better do damage control before the  mandatory full year result is out.
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CheongArgh
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26-Aug-2021 13:52     
 
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Luzern
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26-Aug-2021 09:29     
 
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 Alert Admin 		I wonder will there be Q3 result announcement or not.  If have, can look at the numbers and decides on next trading steps.  If do not have, then better do damage control before the  mandatory full year result is out.
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tritonyeah6666
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26-Aug-2021 09:29     
 
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 Alert Admin 		https://sg.finance.yahoo.com/news/2020-best-performing-stock-recently-233000746.html.... Get Smart: Demand should stay resilient 2020 was a breakthrough year for Medtecs as the outbreak of the pandemic led to unprecedented demand for its PPE. Management believes that stable growth can be expected for this year and that it will be a challenge to exceed last year?s exceptional performance. Demand for PPE should remain resilient as hygiene standards around the world remain elevated. At the last traded share price of S$0.54, Medtecs is trading at an annualised price-earnings ratio of just 5.7 times and a price to free cash flow of around five times.
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Tkong214
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25-Aug-2021 20:37     
 
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 Alert Admin 		Jack, you are my best hope already. Count on you le...

jackjack      ( Date: 25-Aug-2021 19:25) Posted:

Firstly thanks for looking me up that im the person who can control the price of the market. But sorry im not the only one who is in the market, just to let you know newbie. We traders knows how to make judgement on when to increase and reduce our position so there is no need to keep update you. And seriously, do you really think market will follow what you want such that it push down to a price for you to buy and then push up to a price for you to sell? You seems quite naive huh? If you really so optimistic on the company then buy it, no one will stops you. Just that you seems hesitant huh? Want wait until 47c then change to 30-47c. Is it you think that current price is too overvalue thats why you only willing to buy at 30c? Anyway i understand, as i have seen a lot of people are just all talk
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jackjack
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25-Aug-2021 19:25     
 
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 Alert Admin 		Firstly thanks for looking me up that im the person who can control the price of the market. But sorry im not the only one who is in the market, just to let you know newbie. We traders knows how to make judgement on when to increase and reduce our position so there is no need to keep update you. And seriously, do you really think market will follow what you want such that it push down to a price for you to buy and then push up to a price for you to sell? You seems quite naive huh? If you really so optimistic on the company then buy it, no one will stops you. Just that you seems hesitant huh? Want wait until 47c then change to 30-47c. Is it you think that current price is too overvalue thats why you only willing to buy at 30c? Anyway i understand, as i have seen a lot of people are just all talk
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Tkong214
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25-Aug-2021 15:55     
 
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 Alert Admin 		After today' s slight uptick (in months) and the long wait and Jack and gang' s inaction, it' s with a heavy heart (and much unwillingness) that I announce the sharp increases in my average down and double average down targets with immediate effect:


Average Down Target: up by an eye-watering 53.33% from $0.30 to $0.46 (at scrap value)

Double Average Down Target: up by an equally eye-watering 35% from $0.20 to $0.27 (at cash & receivables value)


Tkong214      ( Date: 23-Aug-2021 15:54) Posted:

Medtecs has had plunged by exactly half or 55.5 cents since $1.11 in mid-May.

I believe those who are still holding it will not be affected too much emotionally if there' s another 20 or 30 cents drawdown from here. I' ll not do anything at this level which is near the book value. I' ll only average down at $0.30 and double average down at $0.20, if the stock manipulators are capable of pushing it down to that company liquidation levels. I' ll only sell when I am at least even. Best of luck, everyone! 

Tkong214      ( Date: 20-Aug-2021 15:18) Posted:

Here' s just a summary of my recent sharings before I go on hibernation mode. Please do your own homework.  This shall not be construed as an offer or solicitation to buy, sell or subscribe for any investment product or the giving of advice thereof. Please seek advice from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation, before making a commitment to purchase any financial product. Whilst all care is taken in the preparation of this material, no warranty is given in respect to the information provided and accordingly no responsibility for errors or omissions.  Good luck, everyone!!!

Dear all MT retail sufferers, 
I can feel your pain and despair in this brutal selldown as I am also stuck with 10 lots at above $1. But this doesn' t affect me too much as I think I can stomach the loss although I still kick myself for not selling on Monday opening at $0.70. The key is not overstretching yourself in any investment, especially penny stocks. I  feel that MT has reached a near term capitulation this morning at $0.535. Even dead cat bounds after the point of max pessimism. I hope not many here were flushed out this morning. This would be a very sad ending for those who did and I can understand your situation and feel your pain. That' s not to say I believe it will be smooth sailing for the stock from now on. On the contrary, I hope the stock manipulators will continue to whack this down to the cash level of $0.20 or lower so I can double averaging down. I also do so in support of a company that has had protected the world from the ongoing pandemic and any new pandemic to come for the past 30 odd years. I hope it does not  go bankrupt will do. Take care, everyone!

Just my 2 cts worth on fundamentals:

On financial numbers (1H 2021)

NAV: US$0.3426 or    S$0.46
Cash: US$61.1m or    S$0.15
Receivable: US$47.6m or    S$0.12
EPS (1H2021): US$0.0349 or    S$0.046

On revenue composition in 2020

Isolation gowns and coveralls and others:    50%
Shoe covers, face shields, bouffant caps, non-disposable uniforms:    30%
Face masks:    20%

On expenses

1H 2021 Distribution & selling expenses + Admin expenses over Revenue was high compared to 1H 2020. Management said it' s due to higher promotional and marketing expenses. Okay fine. I do not think these two expenses in 2H 2021 will be as high as 2H 2020 as lower projected revenue means lower freight-out and commission expenses. Finance expenses will be negligible with the redemption of loan. One thing the management has to do is to rein in wages and salaries, which jumped by over 10m in 2020. It' s okay to pay yourself good bonus when sales and profit are good, but when results is down everyone should suffer together.   

On outlook

For 2H outlook, North America which is a huge market has been a bright spot in 1H and I hope the trend continues. Asia Pacific will depend much on the government stockpiling cycle. If it doesn' t come in 2H, it will come in 2022 or 2023 as eventually the stocks need to be replenished or expired. Unless MT is no longer the partner.   

The main revenue contributor of isolation gowns and overalls has a very good margin. The usage is not confined to just healthcare sector electronic and semiconductor sectors can also use its range of products. I am not particularly concerned about its capex or excess capacity. Medtecs can adjust the production of masks rather flexibly. The utilisation rate prior to Covid-19 was less than 10%. It can ramp up production quickly to meet demand. At max capacity, it can now produce 2m masks daily. Production can go up to 3m pieces/day in 2022 if the US plant commissions production and if demand is there.
 
Alas, looking at the numbers alone, I don' t think my double average down target of $0.20 will be reached. As long as the company generates positive cash flow on operating activities, I am not that concerned at the current price level. The management can buy back a bit of shares as confidence booster. I hope it does not pay a generous dividend as some heartless people would sell immediately after the cheque is in. Cash should be conserved for M& A and other opportunities. Or leave it to boost the book value until S$1!!!
 
Imagine if Medtecs is appointed as a PPE stockpiling provider by the US government in addition to S' pore, Taiwan, Philippines, and Cambodia..,. Huat liao. US likes and supports Taiwanese companies.

Chairman Yang has worked on the ground for the past 30 odd years, and has built up good relationships with the local governments in the Philippines and Cambodia. He' s even elected as the chairman of Chinese-Philippines Business Council and founding chairman of Confederation of Philippines Manufacturers of PPE.

PM of Cambodia Hun Sen even visited Medtecs' plants in Cambodia and credited the elder Yang for developing the area, the PM' s hometown. Relationship takes decades to build. It has survived in the past 30 years. With the new pot of cash, I don' t think it cannot survive in the next 3-5 years.    For traders who cannot even look beyond today, you are always the lunch of the stock manipulators!!!

If you have a huge position in this or if you borrow to buy or if you are doing day trading, you should be very concerned. The stock manipulators can depressed the prices for longer than you can remain solvent. But if your time frame is 3-5 years, I am hopeful that it will revisit $1...
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Tkong214
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25-Aug-2021 15:05     
 
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Jack, need your help! Just 10 cts more to scrap value of $0.46. Please let me average down my 10 lots first!! Much appreciated.... 🤝 🤝 🤝

Tkong214      ( Date: 25-Aug-2021 14:02) Posted:

Ok, I increase my average down target to scrap value of $0.46 and double average down target at cash and receivable value of $0.27. Jack, please help!! 🙏 🙏 🙏

Tkong214      ( Date: 25-Aug-2021 13:56) Posted:

Wait... don' t cover so fast... my double average down target 🎯  


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Tkong214
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25-Aug-2021 14:02     
 
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 Alert Admin 		Ok, I increase my average down target to scrap value of $0.46 and double average down target at cash and receivable value of $0.27. Jack, please help!! 🙏 🙏 🙏

Tkong214      ( Date: 25-Aug-2021 13:56) Posted:

Wait... don' t cover so fast... my double average down target 🎯  

jackjack      ( Date: 24-Aug-2021 20:24) Posted:

Ohh did i say i dont want to cover short "UNTIL I MAKE RETAILER SELL"? Adding some additional nice flavour on top to what i commented ya? Closing i check again, isdn still up, nano up, union gas up. Market is good today. But Medtecs?? Want to downplay a counter, pick a right one to compare y
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Tkong214
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25-Aug-2021 13:56     
 
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 Alert Admin 		Wait... don' t cover so fast... my double average down target 🎯  

jackjack      ( Date: 24-Aug-2021 20:24) Posted:

Ohh did i say i dont want to cover short "UNTIL I MAKE RETAILER SELL"? Adding some additional nice flavour on top to what i commented ya? Closing i check again, isdn still up, nano up, union gas up. Market is good today. But Medtecs?? Want to downplay a counter, pick a right one to compare ya

tritonyeah6666      ( Date: 24-Aug-2021 14:32) Posted:

My bad. You not only say not covering short but also said you want to short more because of all those stubborn retailer
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eagleeyes1989
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25-Aug-2021 12:52     
 
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 Alert Admin 		looks like 545 holding. otw to break up above 60. 

SgYuan      ( Date: 23-Aug-2021 20:51) Posted:

medtec day
w2 wabc wa 550 px hit 555
it come down faster then my chart

now hit 545
if hold then wb up 620

if breakdown w0 535 close

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jackjack
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24-Aug-2021 20:24     
 
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 Alert Admin 		Ohh did i say i dont want to cover short "UNTIL I MAKE RETAILER SELL"? Adding some additional nice flavour on top to what i commented ya? Closing i check again, isdn still up, nano up, union gas up. Market is good today. But Medtecs?? Want to downplay a counter, pick a right one to compare ya

tritonyeah6666      ( Date: 24-Aug-2021 14:32) Posted:

My bad. You not only say not covering short but also said you want to short more because of all those stubborn retailers

jackjack      ( Date: 16-Aug-2021 14:54) Posted:

Thought of covering short but seeing there are still stubborn retailers, it solidifies the reason to short more Good luck
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tritonyeah6666
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24-Aug-2021 14:32     
 
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 Alert Admin 		My bad. You not only say not covering short but also said you want to short more because of all those stubborn retailers

jackjack      ( Date: 16-Aug-2021 14:54) Posted:

Thought of covering short but seeing there are still stubborn retailers, it solidifies the reason to short more Good luck
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jackjack
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24-Aug-2021 13:56     
 
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 Alert Admin 		For sure you are not the same as me ya. Today market rebound day. I check ISDN up, union gas up, nano up. But medtecs? Still down. Even i didn't trade these 3 counter, but i am not silly enough to compare medtecs with them. If want to provide balance view, pick the correct point ya. Medtecs might be one of the worst YTD stock in sg. Probably you should pick counters like biolidic to compare. And, when did i even say i will not cover shorts until i make retailer sell? Like to put words on another people huh? Im not so powerful that can push up or down a stock. Im telling my view, and you are just not happy that the share price shows i am right

tritonyeah6666      ( Date: 24-Aug-2021 13:05) Posted:

No no. Don't assume I am the same as you. You keep creating fear to get ppl to sell. You made it very clear that you will not cover your shorts until you make the retailers sell. You called them stubborn retailers - your exact word. I don't call for any buy or sell. I merely wanted to provide a balanced view to your otherwise one sided & distorted arguments. That's all.

jackjack      ( Date: 24-Aug-2021 10:11) Posted:

Why would i pick the counters you mention to short? Please look at past 1 year chart la. Comparing medtecs with isdn union gas and nano. They have gone up for how long now the retract you want to mention them. Aiyoo. I wouldn't surprise to see them rebound after this retracement but for your medtecs you wait long long long. At least they are no 1 time wonder like medtecs. Many would have lost lesser if they listen to me instead of yo
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tritonyeah6666
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24-Aug-2021 13:05     
 
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 Alert Admin 		No no. Don't assume I am the same as you. You keep creating fear to get ppl to sell. You made it very clear that you will not cover your shorts until you make the retailers sell. You called them stubborn retailers - your exact word. I don't call for any buy or sell. I merely wanted to provide a balanced view to your otherwise one sided & distorted arguments. That's all.

jackjack      ( Date: 24-Aug-2021 10:11) Posted:

Why would i pick the counters you mention to short? Please look at past 1 year chart la. Comparing medtecs with isdn union gas and nano. They have gone up for how long now the retract you want to mention them. Aiyoo. I wouldn't surprise to see them rebound after this retracement but for your medtecs you wait long long long. At least they are no 1 time wonder like medtecs. Many would have lost lesser if they listen to me instead of you

tritonyeah6666      ( Date: 23-Aug-2021 19:17) Posted:

Ya lor. his job lar else really unimaginable level of hatred. You don't see him at many other stocks that dropped pretty badly like ISDN, Union Gas, Nano, et
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ETLee8
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24-Aug-2021 10:51     
 
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 Alert Admin 		Much appreciated.
As an investor myself, I will always be on the side of the retail investors.
I am particularly weary of companies whose owners and directors own very little of their co' s shares.

Possible reasons could be: 
1.  They hv no confidence of the sustainability of their company
2.  They could hv own shares under proxies thereby investors hv no visibilty.
Just my concerns.  will leave to the imagination of the investors.

Tkong214      ( Date: 24-Aug-2021 10:09) Posted:

Thanks much for the summary and contribution too. Finally some useful facts and not feelings from you. 🤪

Midtermer      ( Date: 24-Aug-2021 09:10) Posted:

Thanks for the good summary. We see what we want to see as usual. I see WY has used 2.6M SGD to buy company shares with his own pocket so far. I didn't know peanuts are so expensive
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jackjack
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24-Aug-2021 10:11     
 
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 Alert Admin 		Why would i pick the counters you mention to short? Please look at past 1 year chart la. Comparing medtecs with isdn union gas and nano. They have gone up for how long now the retract you want to mention them. Aiyoo. I wouldn't surprise to see them rebound after this retracement but for your medtecs you wait long long long. At least they are no 1 time wonder like medtecs. Many would have lost lesser if they listen to me instead of you

tritonyeah6666      ( Date: 23-Aug-2021 19:17) Posted:

Ya lor. his job lar else really unimaginable level of hatred. You don't see him at many other stocks that dropped pretty badly like ISDN, Union Gas, Nano, etc

3jhuat      ( Date: 23-Aug-2021 17:17) Posted:

Look like you must have lost a fortune shorting Medtecs last time that you hate it so much wanted it to drop to where it begins. You make me think of Sally
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Tkong214
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24-Aug-2021 10:09     
 
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 Alert Admin 		Thanks much for the summary and contribution too. Finally some useful facts and not feelings from you. 🤪

Midtermer      ( Date: 24-Aug-2021 09:10) Posted:

Thanks for the good summary. We see what we want to see as usual. I see WY has used 2.6M SGD to buy company shares with his own pocket so far. I didn't know peanuts are so expensive.

ETLee8      ( Date: 23-Aug-2021 21:46) Posted:

WY' s share purchases :
18 Nov 2020    -  1,000,000 shares  at about    92.0 cts
22 dec 2020      -  500,000 shares  at about    $1.05
12 may 2021    -  500,000 shares  at about      95.8 cts
24 Jun 2021      -  500,000 shares at about        84.0 cts
20 Aug 2021      -  500,000 shares at about        57.3 cts

I am actually quite correct to say the shares keep going down (see above).
Anyway his purchase is Peanuts.  If he is confident he should purchase minimally 5% or above , that is 25,000,000 share
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jackjack
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24-Aug-2021 10:01     
 
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 Alert Admin 		How ah? Look at the share price lo. No need me to tell you. Hahahah. Good luck holding this bomb

tritonyeah6666      ( Date: 23-Aug-2021 19:27) Posted:

How ah, CEO bought today. To quote your exact rationale - Director and company also DO dare buyback the share as there WILL be any further catalyst, which is right thing to do, but also tells you where company is heading. Is that what you think?

Midtermer      ( Date: 23-Aug-2021 18:35) Posted:

Looks like WY heard you
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