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Medtecs

what time taiwan exchange open?

furnaces      ( Date: 19-Jun-2020 08:45) Posted: Apparently TW side will limit up at opening based on the orders.

 

As of 8:47, bid price is TWD10.90 on strong volume.  No sellers listed.  But could change anytime.

 

Congrats to all.
Medical supplies and glove manufacturers Huat!
Defensive and profitable counters pick up n hold till results..

 

 

Apparently TW side will limit up at opening based on the orders.

 

There are several attachments in the SGX announcement made by the company.  The company answered various pertinent questions raised by shareholders during registration, including their projected H2 performance and profit sustainability, price differential with Taiwan TDR etc.  You have to download the correct attachment to read it.

Cadence88      ( Date: 19-Jun-2020 08:27) Posted: Any material news?  The announcement only clarified that  the AGM may only be attended via electronic means. Investor8      ( Date: 19-Jun-2020 06:58) Posted: I share your view. I think BBs got wind of the announcement that was going to be made after market close. That's the only reason I can think of for the sudden run-up. With the announcement, probability of a gap up very high. I also never expected company to make this announcement prior to AGM. Now, they won't have to worry about discussing their prospects or financials during trading hours because everything is in public domain

 

taiwan limit up 10.90

 

Yes. Besides you and I, there were also many other bros who were and are still convinced of the prospects and value of the company.  The only problem I see is that the share price is not reflecting the " true" value of this stock in a " perfect" market situation.  I can think of a few reasons why share price not trully reflecting value of company: (1) Free-float too big  (2) Market being " controlled" by BBs  (3) No institutional interest because it is considered penny stock  (4) No market visibility and prominence because not covered by analysts  (5) Substantial shareholder (Chairman) not holding enough stock to " affect" share price  (6)  Management cannot buy/sell the shares for fear of disrupting market (recall Xia Junwei).  We are projecting company to post net profits ranging from at least USD16m to USD24m for whole year FY2020.  Actual Q2 results will allow us to get a better forecast of whole year FY2020 since management had already said that H2 profits will be at least on par with H1.  So if Q2 net profit is USD4.3m (which is only USD0.63m more than Q1 and more than likely to be achieved), then H2 profit will be at least USD8m which will hit the lowest estimate of USD16m.  This translates to EPS of SGD0.041.  If Q2 results are much better than expected, we can project a very very bullish figure of USD8.3m, then we hit USD24m for FY2020.  Therefore Q2 results (to be announced in less than 2 months' time) very critical in getting a more accurate projection of whole year results.  at USD24m for whole year, EPS would be SGD0.61.  If we use a " reasonable" PER of 15x, share price should be in the range of S$0.60 to S$0.90.  My two cents worth.

wolverine23      ( Date: 19-Jun-2020 08:03) Posted: Boss Investor8, this run up is what we were expecting all along right? What no one expected was that the company released it in a statement . And this was done so proactively and professionally. The company has signalled that it will be very prompt in updates. Why? Because they have endless stream of positive news to update. They have 30 years experience in this simple trade and now is the time for them to shine. Many have not bought yet and they will. Simply said, now anything below 40 cents is a value buy. I cannot understand why it would not open at 38 to 40 cents range. Suggest those FOMO just buy at any price on open. Investor8      ( Date: 19-Jun-2020 06:58) Posted: I share your view. I think BBs got wind of the announcement that was going to be made after market close. That's the only reason I can think of for the sudden run-up. With the announcement, probability of a gap up very high. I also never expected company to make this announcement prior to AGM. Now, they won't have to worry about discussing their prospects or financials during trading hours because everything is in public domain

 

i just cancelled my 0.33, that' s why you dont see that odd number of " XX900" anymore.... 

Bennytan23      ( Date: 19-Jun-2020 08:36) Posted: BIG wall formed at 0.33 and 0.335.. Once break then test 0.360 Lets go medtecs 🤑

 

BIG wall formed at 0.33 and 0.335..

Once break then test 0.360

Lets go medtecs 🤑

 

Forward PE conservatively 15-25, EPS 2020 likely est 0.06, $0.8 - $1.0 targets achievable. Buy and keep! Rare gem in the right industry  amidst unprecendented pandemic of the century.
 

 

Looks like opening 33.5- 34 

 

Any material news?  The announcement only clarified that  the AGM may only be attended via electronic means.

Investor8      ( Date: 19-Jun-2020 06:58) Posted: I share your view. I think BBs got wind of the announcement that was going to be made after market close. That's the only reason I can think of for the sudden run-up. With the announcement, probability of a gap up very high. I also never expected company to make this announcement prior to AGM. Now, they won't have to worry about discussing their prospects or financials during trading hours because everything is in public domain. Goldfinger      ( Date: 18-Jun-2020 22:40) Posted: I bought a chunk at 13cents when the lockdown was announced - just as a hedge. And held on. Was hoping to buy even more at 18cents after correction - but faith wavered. Now, its 32 cents. Unfortunately (or fortunately), it will likely gap up 2 or 3 cents tomorrow. Wonder how come there is some type of leak. Else, why the sharp run up

 

Huat huat...

Surprise us with a good opening price 🤑 🤑

 

Huat

glann92      ( Date: 19-Jun-2020 07:59) Posted: Huat guys and enjoy the ride. Smooth sailing

 

Boss Investor8, this run up is what we were expecting all along right? What no one expected was that the company released it in a statement . And this was done so proactively and professionally. The company has signalled that it will be very prompt in updates. Why? Because they have endless stream of positive news to update. They have 30 years experience in this simple trade and now is the time for them to shine. Many have not bought yet and they will. Simply said, now anything below 40 cents is a value buy. I cannot understand why it would not open at 38 to 40 cents range. Suggest those FOMO just buy at any price on open.

Investor8      ( Date: 19-Jun-2020 06:58) Posted: I share your view. I think BBs got wind of the announcement that was going to be made after market close. That's the only reason I can think of for the sudden run-up. With the announcement, probability of a gap up very high. I also never expected company to make this announcement prior to AGM. Now, they won't have to worry about discussing their prospects or financials during trading hours because everything is in public domain. Goldfinger      ( Date: 18-Jun-2020 22:40) Posted: I bought a chunk at 13cents when the lockdown was announced - just as a hedge. And held on. Was hoping to buy even more at 18cents after correction - but faith wavered. Now, its 32 cents. Unfortunately (or fortunately), it will likely gap up 2 or 3 cents tomorrow. Wonder how come there is some type of leak. Else, why the sharp run up

 

Huat guys and enjoy the ride. Smooth sailing

 

Looks like it's the chosen one after UGH

 

after reading so much, very stress, hahaha, I' m definitely first in queue for " ASK" for 0.33.... should i just change the " ASK" price? Scare open market only i received text " FILLED" XD

 

Good morning all medtecs shareholders 😜 😜 😜 fasten your SEATBELTS and get ready for take off 💪 💪 💪 👽 👽 👽

 

I share your view. I think BBs got wind of the announcement that was going to be made after market close. That's the only reason I can think of for the sudden run-up. With the announcement, probability of a gap up very high. I also never expected company to make this announcement prior to AGM. Now, they won't have to worry about discussing their prospects or financials during trading hours because everything is in public domain.

Goldfinger      ( Date: 18-Jun-2020 22:40) Posted: I bought a chunk at 13cents when the lockdown was announced - just as a hedge. And held on. Was hoping to buy even more at 18cents after correction - but faith wavered. Now, its 32 cents. Unfortunately (or fortunately), it will likely gap up 2 or 3 cents tomorrow. Wonder how come there is some type of leak. Else, why the sharp run up. Superfast      ( Date: 18-Jun-2020 22:38) Posted: I feel the chances of drifting down is low... How u think