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Medtecs Intl
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The next journey
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Midtermer
Master |
24-Aug-2021 09:10
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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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ETLee8
Master |
23-Aug-2021 21:46
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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 shares
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SgYuan
Supreme |
23-Aug-2021 20:51
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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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tritonyeah6666
Senior |
23-Aug-2021 20:36
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Hahaha. Swee lar. Well flipped. You sure can flip prata well. No Buy you can say. Buy you also have your piece to say. Hahahaha. No matter how much being slapped by your own words, you can just ignore & go on. Si bey steady pom pi pi lar you.
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ETLee8
Master |
23-Aug-2021 20:10
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Bro, give you a little sweetener n u easily take the " bait" . Aiyoh, the purchase is only $286,789 just a drop only. His total share holding is only 0.546% not even 1%. The last time he bought, the shares also eventually goes down. We need to think " Out of The BOX" .
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tritonyeah6666
Senior |
23-Aug-2021 19:27
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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?
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tritonyeah6666
Senior |
23-Aug-2021 19:17
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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
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Midtermer
Master |
23-Aug-2021 18:35
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Looks like WY heard you.
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3jhuat
Member |
23-Aug-2021 17:17
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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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jackjack
Veteran |
23-Aug-2021 16:27
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First say of the week. Selling is not over. Last low 53.5 will break very soon. Cut loss while you can. Oberall market also week you might as well use it for other recovery stock which has growth. Certainly not this one. Share price movements says it all. Director and company also dont dare buyback the share as there wont be any further catalyst, which is right thing to do, but also tells you where company is heading. | ||||
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ETLee8
Master |
23-Aug-2021 16:18
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You write very well leh, ma chiam like CIMB or DBS analysts with all the disclaimers. But Medtecs is very different from the usual counters where estimation is reasonably close. With NO dividend, No Mainboard Listing (god knows when), Products getting cheaper by the days, Profit margins squeezed, Directors only owning about 12% shares as announced in SGX, going to 30 cts may be earlier than expected (still 10 times the price of its 2019 of 3 cts).
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Tkong214
Member |
23-Aug-2021 15:54
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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!
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tritonyeah6666
Senior |
22-Aug-2021 12:23
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Everything also useless - Only price drop is useful. Why so obvious ET. You shd learn from Luzern
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ETLee8
Master |
22-Aug-2021 11:34
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It is a waste of time posting this. Nothing great and meaningful to shareholders. The record profits are due to the demands of the pandemic. Management acumen are expected of. How to grow the value of its shares is more important to shareholders. | ||||
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if-only
Senior |
22-Aug-2021 00:30
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https://www.sgx.com/research-education/market-dialogues/20210819-medtecs-builds-resilience-sustainable-growth
Medtecs Builds Resilience for Sustainable GrowthEngineer-by-training William Yang prefers the road less travelled.For the Chief Executive of Medtecs International Corporation, consciously choosing not to conform to prevailing norms or accept the status quo has made all the difference in his life, and to the fortunes of the SGX-listed personal protective equipment (PPE) manufacturer. &ldquo We need to challenge and re-assess the status quo from time to time, in order for the human race to progress in a meaningful way,&rdquo Yang pointed out. &ldquo The same goes for any business.&rdquo After graduating from the New York Institute of Technology with a degree in Electrical and Computer Engineering in 2005, Yang returned to Taiwan to join Medtecs, a company that his father - a textile industry veteran - had founded in 1989 to manufacture hospital garments. He learned the ropes by starting off as an Executive Assistant to his father - Medtecs Executive Chairman Clement Yang - before moving between roles, departments and companies within the Group over the next decade. A feather in his cap was his successful overhaul and turnaround of the Group&rsquo s then loss-making Shanghai subsidiary. Yang was appointed to succeed his father as Chief Executive Officer in 2018, and was named the Group&rsquo s Deputy Chairman in February this year. &ldquo My engineering background trained me to be analytical and inquisitive at the same time,&rdquo he recalled. &ldquo This honed my ability to look at problems from multiple angles in order to come up with the best solutions.&rdquo Today, Medtecs is a leading PPE and hospital services provider, with manufacturing facilities in the Philippines, Cambodia and China. The Group is a key supplier to global PPE companies, and exports to over 30 countries, including Europe, US, Southeast Asia, North Asia and Australia. As a hospital services provider, Medtecs provides hospitals in Taiwan and the Philippines with integrated services that include rental and laundry of linens, management of laundry facilities, hospital automation, as well as procurement solutions for PPE and medical devices needs. The Group was listed on the then Sesdaq board in 1999 and transitioned to SGX Catalist in 2010. Its Taiwan Depository Receipts (TDRs) have been listed on the Taiwan Stock Exchange (TWSE) since 2002. One-Stop Shop Yang attributes Medtecs&rsquo success to its &ldquo Source and Sell Globally&rdquo strategy that provides one-stop, bundled services to meet client demand by supplementing existing sources with those from third-party vendors in a variety of locations. &ldquo Medtecs had the foresight to expand its network of suppliers four years ago. As a result, when COVID-19 disrupted supply chains, we didn&rsquo t need to waste time and resources validating new suppliers, because we already had a long list of trustworthy names to meet the increased demand,&rdquo he explained. &ldquo When order volumes surged, we scaled up quickly and still managed to deliver on time during the peak of the global pandemic. This has spurred the Group&rsquo s transformation from a medical consumables manufacturer into an integrated multi-national PPE solutions provider with one-stop-shop capability.&rdquo As a testament to its achievements, Medtecs reported record revenue and net profit for its financial year ended 31 December 2020. Total revenue jumped nearly six-fold to US$400.3 million on the back of a global surge in demand for PPE following COVID-19, while net profit soared to US$131.7 million from US$1.2 million a year earlier. Looking ahead, Medtecs will continue to focus on rolling out proprietary products to meet customer needs. It already produces its own CoverU brand of PPE products. This year, it launched Medtecs Shield, a new line of antiviral offerings that includes masks, mobile phone cases and sprays, all of which are integrated with nanotechnologies that can kill viruses and bacteria. &ldquo We believe these products are essential for everyone, not just healthcare workers, in the current pandemic environment,&rdquo Yang added. Apart from offline channels like convenience shops and department stores, the Group also leverages major e-commerce sites such as Alibaba and Amazon to sell its PPE range. &ldquo We&rsquo re also looking to set up distribution channels across North America, Japan and Europe to extend the reach of our products.&rdquo Fortifying Its Position While demand remains robust, challenges loom, not the least of which are the US-China trade spat and the ongoing pandemic, Yang pointed out. &ldquo US-China trade tensions continue to threaten a supply chain that is already weakened by COVID-19, and in order to mitigate the impact, Medtecs will continue to work with like-minded partners to tap synergies,&rdquo he added. The Group has established a series of strategic partnerships in recent months to ensure its supply chains remain protected and undisrupted. To deliver sustainable business growth, Medtecs has doubled up on its engagements with group purchasing organisations, institutional clients and government agencies to offer its PPE stockpiling services. As a result, it has secured several supply contracts in the Philippines and Cambodia for the first quarter ended 31 March 2021. &ldquo We&rsquo ve started site selection for the construction of an additional PPE manufacturing facility to fortify our position as a leading PPE stockpiling provider,&rdquo Yang noted. &ldquo We&rsquo re also focused on expanding our retail business through our Medtecs-branded products, as well as leveraging e-commerce to widen our customer reach and build brand awareness.&rdquo According to a recently published report by Research Dive, the global PPE market was valued at US$43.9 billion in 2018 and is anticipated to surge to US$93.5 billion by 2026, expanding at a compound annual growth rate (CAGR) of 10%. Currently, the market is worth approximately US$51.8 billion, as demand continues to rise. Apart from adopting multiple countermeasures to ensure business continuity and boost sales, Medtecs has also identified new Environmental, Social and Corporate Governance (ESG) factors to manage. They include quality control, product labelling and responsibility, labour relations, employee training, as well as waste management. Reducing PPE Waste &ldquo One of the challenges we faced recently in implementing our ESG strategy was how to strike the right balance between protecting people from COVID-19 and conserving the environment,&rdquo Yang noted. To minimise the environmental impact associated with high volumes of single-use PPE due to the on-going pandemic, Medtecs&rsquo s R& D team began working with partners and experimenting with different materials to create solutions to reduce PPE waste. &ldquo As a result, we developed the Weekly Disposable Anti-Viral Masks as part of our Medtecs Shield Collection. These masks can be worn up to seven days, odour-free, which allows wearers to simultaneously protect themselves from pathogens while caring for the environment through reduced wastage.&rdquo Undoubtedly, there is much to keep Yang up till the wee hours. &ldquo To be honest, I have not slept well since the outbreak of COVID-19 in early 2020,&rdquo he admitted. &ldquo Back in April last year, when the pandemic was nearing its peak, there was a severe global shortage of PPE and we were inundated with thousands of requests for our products from all over the world,&rdquo he recalled. &ldquo I worked super long hours, but couldn&rsquo t fall asleep when it was time for bed because the images of frontline workers wearing makeshift PPE, or none at all, haunted me. I would lie in bed thinking of ways to mobilise our resources and manpower, to get as many of these critical protective gear into our customers&rsquo hands in as short a time as possible.&rdquo To de-stress, the 39-year-old plays Go or weiqi - a Chinese abstract strategy board game - with his sons, aged six and eight. &ldquo I&rsquo ve been playing Go since I was six - it&rsquo s a life-long passion of mine. It&rsquo s like an exercise for the brain, but at the same time, it takes my mind off work, so I feel more relaxed,&rdquo he said with a laugh. For his children, he has this advice: &ldquo Dream big, dream bold, and never settle for less than what you deserve&rdquo . &ldquo I&rsquo m not what you might call a tiger or a helicopter parent. In fact, I&rsquo m hands off when it comes to their school work, and I don&rsquo t demand perfect scores,&rdquo he said. &ldquo But I always emphasise the importance of believing in yourself and giving your best in whatever you do. If you fail at something, but you&rsquo ve already given 100%, then you&rsquo re good in my book.&rdquo Medtecs International Corporation Ltd Medtecs is a leading personal protective equipment (PPE) and hospital services provider, with manufacturing facilities in the Philippines, Cambodia and China. The Group is a key supplier to global PPE companies, and exports to over 30 countries, including Europe, US, Southeast Asia, North Asia and Australia. As a hospital services provider, Medtecs provides hospitals in Taiwan and the Philippines with integrated services that include rental and laundry of linens, management of laundry facilities, hospital automation, as well as procurement solutions for PPE and medical devices needs. The Group was listed on the then Sesdaq board in 1999 and transitioned to SGX Catalist in 2010. Its Taiwan Depository Receipts (TDRs) have been listed on the Taiwan Stock Exchange (TWSE) since 2002. The company website is: www.medtecs.com Click here for the company' s StockFacts page. For the six months ended 30 June 2021 financial results, click here.SGX Research < [email protected]> |
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jackjack
Veteran |
21-Aug-2021 00:52
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Yup, agree past performance does not guarantee future performance, but we use it as a basis to predict what is the likely outcome in the future. Otherwise why people look into chart? why people look into their report earnings? These are all past. If all these are useless, you can just open your trading platform simply pick a stock out of many and just buy, because all the history are useless and we just need hope in the future miracle happen on it. Can right? Anything can happen, tmr temasek suddenly want buy medtecs at 2 dollar. It can also happen right? The only thing is what are the chances for it to happen? Even im bearish but i cannot 100% confirm it will go down. But for sure i wouldn' t like to put money on things which have the odds likely to go against me. Of course it is up to the people who want to bet on miracle to happen ya, just like buying lottery, you MAY still win, but also a reason why many lose in stock market, waiting for miracle. To your point comparing to Apple and AEM, im sure they do not track record of 1 time profit wonder in 2-3 quarters and then drop significantly. Sure they have some bad times as profit fluctuate down and up. But if you really think medtecs have high possibility to increase the profit back in the near future, nobody gonna stop you. Eventhough you say you are not bullish nor bearish, but can see you are quite against my bearish note ya Anyway share price tells it all. We have made and cover some profit before weekends. I believe other short sellers did the same. Cant believe it also end up closing in negative region. Can see many wants to unload. I hope retailers have reduce their losses during the short term bounce. But if people still want to hold on and believe they have cash, how much nav the have and etc, go do some research for yourself where by how many stock are trading even below their nav. To me is quite clear cut where the company is heading, so it is up to people who want to buy on small hope
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GoodLearner
Senior |
20-Aug-2021 21:19
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Forum is just like a debate platform. All funny theories created just to support ones own cases.
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tritonyeah6666
Senior |
20-Aug-2021 20:56
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Again, I am not bullish not bearish. Still neutral. And not suggesting anyone to buy or sell. Just wanted to provide a more balanced view to your argument as it is pretty lopsided & judgmental. Firstly, past performance does not equal to future performance lar. Like that Apple how, AEM how? I still see that as a question mark & can't draw conclusion from past performances lor. Secondly maybe you check how much they earned during SARS vs how much they earned this time round? The conditions & fire power that they have now is very different from the SARS. Anyway, you already said it yourself that they only earned decent profit that time. Now far more possibilities lor given the war chest. Thirdly, what are you not happy that hand sign ler? He showed that & subsequently followed up with the setting up of a glove subsidiaries what. Not that he showed hand sign to mislead anybody & subsequently did nothing or sell his own shares like covid vaccine bosses. You not happy with his face we also bor pian ler. Lastly, no lar, we don't say you play down the stock only when the share price dropping.. don't need to say. Read here know already :)
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cherintc
Senior |
20-Aug-2021 17:56
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I am correct, but I am still losing money. Maybe covid related not longer in play
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Tkong214
Member |
20-Aug-2021 15:51
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Are you kidding me? Cases everywhere are at record highs! Our friendly and closest neighours M' sia, Indonesia and Thailand are recording over 20k cases per day. USA is approaching 1m cases in the last week!! It' s good that you live in your own bubble.
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