Latest Forum Topics /
Medtecs Intl
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The next journey
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ETLee8
Master |
16-Aug-2021 20:37
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Bro, this is not in their interest lah.  Even Mainboard too. Shares up can make money, Shares down Chng Kay also make money. it will collapse step by step. 
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jackjack
Veteran |
16-Aug-2021 20:17
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Company dont even do share buyback even massive plunge. Means company know they are screw up too. Even kim heng losing company also do share buyback today Short medtecs for the win! | ||||
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Due_Dilligence
Veteran |
16-Aug-2021 19:51
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Nah. Their top line numbers have already informed us that they cannot control prices. Medtec has lost their market share. Jump ship, if I were you. Their products have low barrier to entry. Medtec had already scrapped their half year dividend.
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3jhuat
Member |
16-Aug-2021 19:46
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Medtecs definitely can as they are medical PPE all rounder with certification. Down the road those coming in to make a fast one cause of the pandemic will cease sooner or later.
But for this quarter results the company should give more information why profits dropped compared to Q1.
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TA_Expert
Supreme |
16-Aug-2021 18:40
Yells: "The World has changed" |
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The key question is sustainability. Can the company continue to make explosive profits given that the price of masks / PPEs, etc have all dropped? Many countries have already imposed non-mask wearing when you are outdoor. Only indoor requires masking. As time goes by, demand will continue to drop. Rememeber a mask costs only $0.01-$0.05 in late 2019 before the start of the pandemic.
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kingofgamblers
Senior |
16-Aug-2021 18:31
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Sell! No regrets even if go to $1. Trashy stock! |
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Luzern
Supreme |
16-Aug-2021 16:17
Yells: "9" |
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Though last year Medtech got a re-usable mask?.....i1 mask can wear for 7 days if i remember correctly.
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Stocksguru
Master |
16-Aug-2021 16:16
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Some people use mask can use the same mask  for days.  ![]()
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ETLee8
Master |
16-Aug-2021 16:10
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Their gains will further  erode when Chng Kay unload the next round. It is obvious that PPEs n masks are getting cheaper as many new competitors comes to the market. Even in SG, we are producting our own masks and one can get them at 5 cts per piece.    Management is aware, so their concentration is no longer on the quarterly profits but perhaps somewhere else.    
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TA_Expert
Supreme |
16-Aug-2021 16:00
Yells: "The World has changed" |
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Precisely, some holders are still sitting on gains. Not everyone sold everything when the price went up.
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jackjack
Veteran |
16-Aug-2021 15:43
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0.05c is more than 1 year ago dude
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TA_Expert
Supreme |
16-Aug-2021 15:35
Yells: "The World has changed" |
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Even at today price, it is still a few hundreds percent gain within 1 year.  From $0.05 till now...................... 
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jackjack
Veteran |
16-Aug-2021 15:04
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Likely to close below 60c | ||||
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jackjack
Veteran |
16-Aug-2021 14:54
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Thought of covering short but seeing there are still stubborn retailers, it solidifies the reason to short more Good luck | ||||
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Longtermer
Elite |
16-Aug-2021 14:26
Yells: "A disciplined investor is a wealthy investor" |
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Agree.
Not a good results but not end of the world..
Look at Medtecs rev, the numbers are growing in US while other geographical locations are down.
Balance sheet so much better today with 83m cash.
Biz is still profitable but mgtm need to leverage on opportunities presented, be more creative n strategic to drive company to another level.
Dyodd and huat.
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Luzern
Supreme |
16-Aug-2021 14:25
Yells: "9" |
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The share prices and the numbers says it all.
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TheMatrix
Elite |
16-Aug-2021 14:25
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Not to mention plenty of player will enter the glove market and try to get a share. This market will be overcrowded and overcapacity. A big reason why Medtec profit drops! Glove sector is history.
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Midtermer
Master |
16-Aug-2021 14:22
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That would depend on how the story develops. We have not seen such a pandemic before in this generation. Normally virus mutation will weakness its ability to cause severe illness but not for covid so far. This is a new battle which may last years. We see what we want to see. Cheers.
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ETLee8
Master |
16-Aug-2021 14:11
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Net asset value (for the issuer and group) per ordinary share based on the total number of issued shares excluding treasury shares of the issuer at the end of the: (a) current financial period reported on and (b) immediately preceding financial year. Group As at As at 30 June 2021 31 December 2020 Net asset value per ordinary share based on the total number of issued shares excluding treasury shares as at the end of the period reported on 34.26 US cents 35.40 US cents 22 Company As at As at 30 June 2021 31 December 2020 Net asset value per ordinary share based on the total number of issued shares excluding treasury shares as at the end of the period reported on 18.29 US cents 19.49 US cents Explanatory note to 4 The net asset value per ordinary share is calculated based on 546,411,240 and 549,411,240 issued shares, excluding treasury shares, for the financial periods ended 30 June 2021 and 31 December 2020, respectively. Bro, Longtermer, U are correct at Group level NAV is at 46.5 cts,  At company level, NAV is at 23.77. Whether the price will drop to this level n below, depends  DYODD
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Heerbrugg
Veteran |
16-Aug-2021 14:09
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Will go below 60c today. | ||||
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