Medtecs Intl    Last:0.121    -0.001

The next journey

Glove counter prices are just following the ASP down.

 

Actually gloves stock shall not be so low but if hedge fund keep short sell these stocks with millions of dollar pump in. There is nothing to do unless some with equal of money to fight them back.

 

Please don' t crush the dreams of those still in delusion

TraderBen      ( Date: 13-Sep-2021 05:35) Posted: The hype is over. BBS are gone. Wait for the next pandemic .

 

The hype is over. BBS are gone. Wait for the next pandemic .

 

ppe is expensive to buy. they will make their own ppe. wash it wear it again. they hype about ppe is finished. ppe maufacturers have taken adavatage of peoples suffering too much.

 

What will be the demand for PPE like when more countries enter endemic phase? You expect more cases reported as country open up, more people in hospital, but cases not as severe as most are vaccinated. You expect the hospital to stock up PPE and resident using more masks and test kits. You need a catayst, like reports that mentioned sale going up or new contract etc or Q3 result (around 14 Oct 2021) to move this counter. 

 

Is time to accumulate at such discount.. Target 60

jackjack      ( Date: 10-Sep-2021 09:12) Posted: Wait till neck also pain leh. Taiwan limit up few days why TKong never scope up??? Wait until now taiwan side also fall le. Why supporters like Tkong never want to buy at such CHEAP price?? WHY you so no confident to the company? Tkong214      ( Date: 09-Sep-2021 16:30) Posted: Jaack Jack, still waiting for you. Can you see the lone 10lots queuing there or not? 😉

 

Wait till neck also pain leh. Taiwan limit up few days why TKong never scope up??? Wait until now taiwan side also fall le. Why supporters like Tkong never want to buy at such CHEAP price?? WHY you so no confident to the company?

Tkong214      ( Date: 09-Sep-2021 16:30) Posted: Jaack Jack, still waiting for you. Can you see the lone 10lots queuing there or not? 😉 TheMatrix      ( Date: 08-Sep-2021 23:10) Posted: Just hold and see how. I believe this is the lowest it can go. I believe at this price range, gives good diviended too

 

If u want to buy can, wait for a deep correction say 8-10 cts down, the scoop it up.  Averaging will not be able to help u to recover.

Tkong214      ( Date: 09-Sep-2021 16:30) Posted: Jaack Jack, still waiting for you. Can you see the lone 10lots queuing there or not? 😉 TheMatrix      ( Date: 08-Sep-2021 23:10) Posted: Just hold and see how. I believe this is the lowest it can go. I believe at this price range, gives good diviended too

 

Jaack Jack, still waiting for you. Can you see the lone 10lots queuing there or not? 😉

TheMatrix      ( Date: 08-Sep-2021 23:10) Posted: Just hold and see how. I believe this is the lowest it can go. I believe at this price range, gives good diviended too. jackjack      ( Date: 08-Sep-2021 22:51) Posted: You know what, at least you are right in one and only thing. Trading is sometime a bit boring, after than winning money, it is good to come here time to time to do some trash talk. Those who trash talk when medtecs has a slight rebound, now all dont know vanish to air. But now we have a die hard huge paper LOSS medtecs fans aka Tkong. All rely on you to buy up the shares ya. Taiwan side has limit up, let me check SGX... OPPS! Still in red, means no 1 dollar yet. WHY TKONG? I was hoping you to buy up to 1 dollar so we can re-open our short position Anyway to other guys, im just trash talking to TKONG ya. I am not really relying on one person to help me push up and down in the market ya. Only dumb dumb will do that. Sad life waiting the days to recover paper loss whereas we have profit in the bag and waiting for new opportunities :

 

Still waiting at scrap value to average down my 10lots stuck at $1. Push harder!!

美 德 ， 全 靠 你 们 了 &hellip &hellip

Tkong214      ( Date: 07-Sep-2021 16:22) Posted: I maintain my earlier revised Average-Down and Double Average-Down Targets: Average Down Target: up by an jaw-dropping   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: 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...

 

Just hold and see how. I believe this is the lowest it can go. I believe at this price range, gives good diviended too.

jackjack      ( Date: 08-Sep-2021 22:51) Posted: You know what, at least you are right in one and only thing. Trading is sometime a bit boring, after than winning money, it is good to come here time to time to do some trash talk. Those who trash talk when medtecs has a slight rebound, now all dont know vanish to air. But now we have a die hard huge paper LOSS medtecs fans aka Tkong. All rely on you to buy up the shares ya. Taiwan side has limit up, let me check SGX... OPPS! Still in red, means no 1 dollar yet. WHY TKONG? I was hoping you to buy up to 1 dollar so we can re-open our short position Anyway to other guys, im just trash talking to TKONG ya. I am not really relying on one person to help me push up and down in the market ya. Only dumb dumb will do that. Sad life waiting the days to recover paper loss whereas we have profit in the bag and waiting for new opportunities :) Tkong214      ( Date: 08-Sep-2021 12:24) Posted: Indeed, whether or not we can drink kopi at 101 will all count on you and gang le, dear Jack! 美 德 、 全 靠 你 们 了 &hellip &hellip

 

You know what, at least you are right in one and only thing. Trading is sometime a bit boring, after than winning money, it is good to come here time to time to do some trash talk. Those who trash talk when medtecs has a slight rebound, now all dont know vanish to air. But now we have a die hard huge paper LOSS medtecs fans aka Tkong. All rely on you to buy up the shares ya. Taiwan side has limit up, let me check SGX... OPPS! Still in red, means no 1 dollar yet. WHY TKONG? I was hoping you to buy up to 1 dollar so we can re-open our short position

Anyway to other guys, im just trash talking to TKONG ya. I am not really relying on one person to help me push up and down in the market ya. Only dumb dumb will do that. Sad life waiting the days to recover paper loss whereas we have profit in the bag and waiting for new opportunities :)

Tkong214      ( Date: 08-Sep-2021 12:24) Posted: Indeed, whether or not we can drink kopi at 101 will all count on you and gang le, dear Jack! 美 德 、 全 靠 你 们 了 &hellip &hellip jackjack      ( Date: 08-Sep-2021 09:22) Posted: Taiwan side open 20 which is almost 1 dollar sgd lerrr. Can you buy up to 80c let me short again back? 80c is still 20% discount from 1 dollar le. KAO NI LE! I dont want waste so good opportunities 🤣 🤣

 

I also think not correct when newspaper reported the last time. Kenna and has to cut loss.

 

Regulator shd be interested, and query why huh.
At least ask the usual questions, see how kongsi replies.

 

Longtermer      ( Date: 08-Sep-2021 12:05) Posted: Something seem not correct.. half price is way too much. Looking to load .. DYODD and no contra.   ETLee8      ( Date: 08-Sep-2021 11:17) Posted: This is normal lah.  It has always been the case.  Last year when SG price was $1.20, TW side $3.  Everyday up 10%, trading suspended once the 10% is reach. SG stagnant and sometimes goes negative too

 

Today Taiwan's TDR volume is almost 50M.

If they can maintain above 20 then it will be good.

 

一 年 ？ 好 吧 ！ 看 来 我 只 能 默 默 地 排 了 。 这 有 点 磨 人 。

Luzern      ( Date: 08-Sep-2021 12:43) Posted: 我 是 普 通 人 。 你 等 的 4毛 6分 在 一 年 内 应 该 可 以 看 到 。 Tkong214      ( Date: 08-Sep-2021 12:05) Posted: 好 汉 不 提 当 年 勇 、 梅 花 不 提 前 世 绣 。 请 问 专 家 ， 现 在 是 做 空 还 是 做 多 呢 ？ 谢 谢 🙏

 

我 是 普 通 人 。 你 等 的 4毛 6分 在 一 年 内 应 该 可 以 看 到 。

Tkong214      ( Date: 08-Sep-2021 12:05) Posted: 好 汉 不 提 当 年 勇 、 梅 花 不 提 前 世 绣 。 请 问 专 家 ， 现 在 是 做 空 还 是 做 多 呢 ？ 谢 谢 🙏 Luzern      ( Date: 08-Sep-2021 11:26) Posted: I remember TW side dream was having coffee at level " 101" ............warned them and told them to run at 60+..........also got  " warm replies" from the Bulls then.

 

Indeed, whether or not we can drink kopi at 101 will all count on you and gang le, dear Jack!
美 德 、 全 靠 你 们 了 &hellip &hellip

jackjack      ( Date: 08-Sep-2021 09:22) Posted: Taiwan side open 20 which is almost 1 dollar sgd lerrr. Can you buy up to 80c let me short again back? 80c is still 20% discount from 1 dollar le. KAO NI LE! I dont want waste so good opportunities 🤣 🤣 Tkong214      ( Date: 07-Sep-2021 16:22) Posted: I maintain my earlier revised Average-Down and Double Average-Down Targets: Average Down Target: up by an jaw-dropping   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)

 

How to ask day traders to not contra??? But Wait wait wait, calm down, guys. I am still waiting at scrap value of $0.46 to average down my 10lots stuck at above $1. Have been queuing there for days (you can see the lonely 10k queue from market depth)! Sigh..

Longtermer      ( Date: 08-Sep-2021 12:05) Posted: Something seem not correct.. half price is way too much. Looking to load .. DYODD and no contra.   ETLee8      ( Date: 08-Sep-2021 11:17) Posted: This is normal lah.  It has always been the case.  Last year when SG price was $1.20, TW side $3.  Everyday up 10%, trading suspended once the 10% is reach. SG stagnant and sometimes goes negative too