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Many suspect the delay is on MT' s side. Someone' s sleeping on the job? Courier lost the papers? 😬
lailai ( Date: 08-Feb-2021 09:12) Posted:
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check with the co management -
on status of transfer to mainboard
have they filed the applicatiion?
also, check what the status on USA set-up?
and the co' s share buyback initatives
on status of transfer to mainboard
have they filed the applicatiion?
also, check what the status on USA set-up?
and the co' s share buyback initatives
MooMoo ( Date: 08-Feb-2021 09:08) Posted:
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Shd be asking SGX and not MT, just opinion.
MooMoo ( Date: 08-Feb-2021 09:08) Posted:
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Has anyone checked with MT' s management regarding the mainboard transfer? The approval is long overdue sia...
At these levels, Medtec is attractive. Masks are here to stay and good quality masks and Ppe still in okay for the next 5 years. This company is outstanding in performance but naysayers and shortlists continue to kill investor and retail confidence. $2 is real for Medtec to me. Just have to hold on to your shares. It is going to move when we least expect it and should be soon.
It is obvious all the broking houses restrictions are holding back this stocks share prices. NO level playing field, no transparency
SGX need to take note!!!!!!!!!!!!!!!!!!!!!!!!!!!
SGX need to take note!!!!!!!!!!!!!!!!!!!!!!!!!!!
THE GAMES BEGIN
The forum started discussing GameStop around a year ago. But at that time it was just a trading opportunity. There wasn&rsquo t any talk of taking down hedge funds or a war with Wall Street until two months ago.
In January 2021, based on the discussion in the forum, I bought 11 shares in GameStop, in gradual steps ranging in price from US$80 to US$350 (averaging US$200) as a calculated trade based on the available information at the time.
By late January, it had become a frenzy as forum members piled into GameStop and other stocks, including BlackBerry and cinema group AMC Entertainment, using low-fee trading platforms such as Robinhood.
READ: Commentary: GameStop insanity has painful lessons on short-selling and more for retail investors
This was based on the knowledge that many hedge funds had bet heavily on these share prices to go down (known as &ldquo short positions&rdquo ), and that driving them up would cost big investors a fortune.
In the event, the damage has run to billions of dollars and some players, including Melvin Capital, Maplelane and Citron, got burned.
OUTRAGE AGAINST ROBINHOOD
The WallStreetBets forum has grown exponentially. The number of members now stands at 8.4 million and still rising, and it is almost impossible to follow the discussion or extract information from the barrage of posts.
Even the founders of the forum have complained that it is a victim of its own success.
The response from the trading apps has been questionable in my opinion. They either stopped or severely restricted buying by individual traders while allowing everyone to sell, thus suppressing demand and price. And these restrictions were only for retail traders - not hedge funds.
Outraged retail investors are bringing more than 30 class-action lawsuits against Robinhood, and a house committee hearing by US lawmakers is expected later in February.
READ: Commentary: Is the stock market&rsquo s rise driven by mania or logic?
The New York attorney general, Letitia James, is reviewing Robinhood&rsquo s reaction, while prominent figures like CNN host Chris Cuomo, Tesla&rsquo s Elon Musk and tech investor Chamath Palihapitiya have openly questioned whether Robinhood imposed the restrictions to favour hedge funds with short positions.
Notably, one of the main customers for the user data that Robinhood sells is Citadel Securities, which is one of Melvin Capital&rsquo s backers.
Robinhood responded that it imposed the restrictions temporarily while it raised additional funding to cover a huge hike in the amounts the clearing houses were demanding to cover the period until each trade settled.
Trading information for GameStop is displayed on the Robinhood App. (Photo: REUTERS/Brendan McDermid)
It has since raised over US$3 billion from backers and has partially lifted the restrictions.
A WIDER CHANGE
Beyond this individual Reddit forum, a wider change seems to be taking place.
For the past few weeks, most of the fastest-growing communities on Reddit are related to investment and trading discussions.
And this trend is spreading across the world. Similar forums have emerged in the UK, Europe and Malaysia.
There is also the realisation among institutional investors that social media users working collectively are capable of exposing carefully hidden information and spreading it like wildfire.
It may mean that more people may choose to manage their own investments in future rather than paying generous fees to hedge funds and other financial institutions to do it for them.
READ: Commentary: GameStop and how WallStreetBets may disrupt financial markets permanently
It may also lead to significant changes in risk management and disclosure practices. For example, Citron, which specialises in taking short positions, says it will no longer put its research into the public domain.
On a more social level, this phenomenon appears to have made young people much more interested in how the financial markets work. Social media forums and commission-free trading appears to be creating a new generation of investors.
This democratisation of capital markets may be a solution to the indifference that has long existed among the ordinary population towards saving and investing - reversing a trend that has existed for more than three decades.
As for me and my 11 shares in GameStop &ndash currently worth US$990, or about half of what I paid for them &ndash I plan to hold them for two reasons.
The company now has the support of 8.4 million WallStreetBets members as potential customers, many of whom are also the primary customers for its gaming products.
GameStop is now also a well recognised brand among young social media users across the world. Wish me luck.
The previous div was 1.166cps. if they give similar amount, it will amount to 2.332cps for FY2020 or 6.6%
Compared with Top Gloves, which has committed to give 50% plus 20% sp, MT' s 6.6% is actually quite miserly, imo.
Hoping that MT can reward suffering shareholders with better div, say at 25% plus 10% sp, or half of TG.
But their financial guy like quite stingy, imo, each time he say something, it' s more like saving the profit for capex.
Think they need a boss with the generosity to reward shareholders just like what Tan Sri Dr Lim of Top Gloves.
If they hv that sort of willingness to share, think hitting $2 something is coming the soon lah. Just opinion.
Compared with Top Gloves, which has committed to give 50% plus 20% sp, MT' s 6.6% is actually quite miserly, imo.
Hoping that MT can reward suffering shareholders with better div, say at 25% plus 10% sp, or half of TG.
But their financial guy like quite stingy, imo, each time he say something, it' s more like saving the profit for capex.
Think they need a boss with the generosity to reward shareholders just like what Tan Sri Dr Lim of Top Gloves.
If they hv that sort of willingness to share, think hitting $2 something is coming the soon lah. Just opinion.
chriscl ( Date: 07-Feb-2021 22:11) Posted:
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When there's one big monkey inside , other monkeys wont come lah
zng kay play UG what.
The value of the stock price is determine by the zng kay lah
You think retailers got the power meh
The value of the stock price is determine by the zng kay lah
You think retailers got the power meh
gregtan123 ( Date: 07-Feb-2021 10:01) Posted:
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So many other counters whose profit don' t even come close to a fraction of what Medtecs has gained for FY20 and yet other counters people still blindly chase and push up the price i.e. iFAST trading at $6.50
Once Medtecs price really does hit SGD 2, I still personally feel it' s still grossly undervalued. I think may need to wait for the final FY20 quarter results to be released before more and more people see how important this company is for the current covid situation and as well as for future-proofing of global healthcare and safety.
Once again, do your own due diligence, look at the obvious facts. The manipulators and their kah kias have been working hard to suppress this counter since last year. Don' t let them profit at your expense.
Once Medtecs price really does hit SGD 2, I still personally feel it' s still grossly undervalued. I think may need to wait for the final FY20 quarter results to be released before more and more people see how important this company is for the current covid situation and as well as for future-proofing of global healthcare and safety.
Once again, do your own due diligence, look at the obvious facts. The manipulators and their kah kias have been working hard to suppress this counter since last year. Don' t let them profit at your expense.
I am quite confident they would declare divident similar to what they gave previously when they report coming results. To show to investors and shareholders the progress made and to attract new funds.
bro if really hit 2 SGD, let' s go for Omakase! really u and I are the OP holders.
Longtermer ( Date: 07-Feb-2021 17:57) Posted:
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You mean celebrating this year??
Resounding Yes!
gregtan123 ( Date: 07-Feb-2021 17:49) Posted:
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ya longtermer bro will we see 2 SGD? this year?
Longtermer ( Date: 07-Feb-2021 17:24) Posted:
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Both UG and Medtecs are extremely under valued.. trading 4x and 3x PE respectively.
They both deserve at least twice their current prices imo.
gregtan123 ( Date: 07-Feb-2021 10:01) Posted:
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PPE Shortage in USA, Medtecs Poised to Benefit
华 盛 顿 7日 讯 ） 美 国 新 冠 肺 炎 疫 情 持 续 蔓 延 给 全 美 医 院 带 来 巨 大 压 力 ， 据 美 国 哥 伦 比 亚 广 播 公 司 （ CBS） 报 导 ， 直 至 现 在 ， 美 国 一 些 在 一 线 抗 击 疫 情 的 医 护 人 员 仍 然 面 临 个 人 防 护 装 备 短 缺 的 问 题 。
报 导 援 引 名 为 &ldquo 给 我 们 个 人 防 护 装 备 &rdquo 的 非 营 利 组 织 数 据 称 ， 去 年 11月 到 12月 ， 卫 生 保 健 工 作 者 寻 求 帮 助 获 得 防 护 装 备 的 请 求 增 加 260%。 对 一 线 工 作 人 员 的 一 项 调 查 发 现 ， 近 90%的 人 表 示 他 们 在 重 复 使 用 建 议 只 使 用 一 次 的 口 罩 。
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https://www.orientaldaily.com.my/news/international/2021/02/07/391533
美 防 护 装 备 短 缺 医 护 人 员 口 罩 重 复 使 用
发 布 于 2021年 02月 07日 13时 32分 &bull 最 后 更 新 40分 钟 前 &bull 整 理 ： 薛 佩 菱
华 盛 顿 7日 讯 ） 美 国 新 冠 肺 炎 疫 情 持 续 蔓 延 给 全 美 医 院 带 来 巨 大 压 力 ， 据 美 国 哥 伦 比 亚 广 播 公 司 （ CBS） 报 导 ， 直 至 现 在 ， 美 国 一 些 在 一 线 抗 击 疫 情 的 医 护 人 员 仍 然 面 临 个 人 防 护 装 备 短 缺 的 问 题 。
报 导 援 引 名 为 &ldquo 给 我 们 个 人 防 护 装 备 &rdquo 的 非 营 利 组 织 数 据 称 ， 去 年 11月 到 12月 ， 卫 生 保 健 工 作 者 寻 求 帮 助 获 得 防 护 装 备 的 请 求 增 加 260%。 对 一 线 工 作 人 员 的 一 项 调 查 发 现 ， 近 90%的 人 表 示 他 们 在 重 复 使 用 建 议 只 使 用 一 次 的 口 罩 。
该 组 织 称 ， 全 美 医 护 人 员 的 个 人 防 护 用 品 供 应 链 仍 面 临 很 多 挑 战 ， 一 些 个 人 防 护 装 备 ， 比 如 口 罩 和 手 套 ， 尤 其 短 缺 。
https://www.orientaldaily.com.my/news/international/2021/02/07/391533
1:3 that means should be 4 shares. So is 1.70x4= 6.80?
gregtan123 ( Date: 07-Feb-2021 10:01) Posted:
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UG is 1.70 x 3 = 5.10 just saying, damn dumb these analyst. MT should be worth 4 SGD
alleyboy ( Date: 07-Feb-2021 09:43) Posted:
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UG tp is 1.70! Omg! Overtake MT.
gregtan123 ( Date: 07-Feb-2021 08:34) Posted:
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