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Bro, it is very obvious here. The boss is more interested in making money for himself knowing jolly well know that is is a one-time wonder that will never repeat probably in his lifetime. The business can only make limited amount and the profits actually belongs to the company. As a director u can only see your shares appreciate on paper temporarily because it will disappear when the pandemic is over. So do not expect the share price to go up anymore, more likely to come down to pre-pandemic price.
Mianboard listing also unlikely because funds and institutions are unlikely to buy into it.
Mianboard listing also unlikely because funds and institutions are unlikely to buy into it.
jackjack ( Date: 03-Sep-2021 09:25) Posted:
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Alrdy breakdn 54.5, so how now?
Looks like 51.0, is it?
Looks like 51.0, is it?
SgYuan ( Date: 01-Sep-2021 13:53) Posted:
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Even if come down, save your bullet for other things. Comparing all the lastest financial result to its peer like UG TG and RS. This one not only worst but performing far worse than its peer. The boss some more dare come out last time say they look not to be one time pandemic wonder, but result shows they are actually the one more like one time wonder. Shows that they only know talk but not good at utilize opportunities. For all my years seeing this kinda stock with similar situation, i would say mostly dont end well. Good luck to die hard believers
ETLee8 ( Date: 01-Sep-2021 13:55) Posted:
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Wait for huge sell-offs n correction, 40 cts may be can get in.
medtec day
decending triangle
very near apex
breakup 555 then 590
breakdn 545 then 510
decending triangle
very near apex
breakup 555 then 590
breakdn 545 then 510
Low volume
This stock dead now. Unlike nano and union gas at least they have some rebound after sharp fall. Even UG healthcare share price going to overtake soon. Nonetheless there are not much activity so we have reduce much of the position for other opportunities. Leave other meat for other short sellers. That said im still not bullish on this stock as they might fall further in the future so good luck all the die hard fans
Thanks for clarifying bro. I certainly hope they will do well regardless of share price.
Luzern ( Date: 30-Aug-2021 09:20) Posted:
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Medtecs International Corporation
On Aug 20, Medtecs International $ Medtecs Intl: 546 +0.91% Corporation deputy chairman, executive director and chief executive officer William Yang Weiyuan acquired 500,000 shares of the Catalist-listed company for a consideration of S$286,789 at an average price of 57.4 cents per share.
This took his deemed interest in the supplier and distributor of personal protective equipment (PPE) and provider of logistics services to healthcare institutions, from 0.46 per cent to 0.55 per cent.
Mr Yang' s preceding acquisitions included 500,000 shares at 84.1 cents per share on June 24 500,000 shares at 95.8 cents per share on May 12, and 500,000 shares at S$1.05 per share on Dec 22, 2020.
Mr Yang has been the general manager of wholly owned subsidiaries, Medtecs (Taiwan) Corporation since July 1, 2010 and Hangzhou Jincheng Medical Supplies and Manufacture since 2008.
On Aug 13, Medtecs reported that its H1FY21 (ended June 30) group revenue decreased by 47.5 per cent to US$85.3 million, from US$162.6 million in H1FY20.
This was due to reduced PPE demand in H1FY21 from customers that had already stocked up in FY20, resulting in more stable market prices and supply chains.
Mr Yang noted that the results came on the back of a record-breaking year in terms of revenue and profitability in FY20 and that the company will continue to work with partners which possess health-related expertise and supply chain resilience to expand its global sales channels and sourcing ability.
He added that the company would also push forward with its strategy to build awareness of its brand both online and offline, and seek stockpiling partnership opportunities in key regions around the world.
Hi Bro,
I did not specifically write that they might suffer losses. A bunch of things can happen to cause errosion of NAV and cash. It need not be making losses.
I did not specifically write that they might suffer losses. A bunch of things can happen to cause errosion of NAV and cash. It need not be making losses.
Midtermer ( Date: 27-Aug-2021 08:18) Posted:
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Bro, it is not the business but who is in control that matters.
Will not begrudge the owners from making huge amount as they deserved it lah.
Will not begrudge the owners from making huge amount as they deserved it lah.
https://www.nextinsight.net/story-archive-mainmenu-60/944-2021/14355-medtecs-builds-resilience-for-sustainable-growth
美 德 醫 療 -DR (9103)
last done $15.85 TWD = $0.77
medtec day
pls pray lower trendline dont breakdown
then wb 620 up start
and then see from there
if lower trendline breakdown then main w5 dn 78.6% 440
pls pray lower trendline dont breakdown
then wb 620 up start
and then see from there
if lower trendline breakdown then main w5 dn 78.6% 440
bro can elaborate on the few reasons why medtecs may suffer losses in the coming quarters? Thanks in advance. While the company has been disappointing with the numbers, I still see they are trying to gain market share for PPE even though it may not be as effective as we hope for now.
Luzern ( Date: 26-Aug-2021 17:49) Posted:
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Lol tbh didn' t expect it to reach 0.5x so soon also. The crash was really fast and furious.
Luzern ( Date: 26-Aug-2021 15:27) Posted:
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I never say 3 cents..... My target was 50+ cents. Been right all the way from $1.8+ including the dead cat bounces where early investors took full advantages of to cash out their millions shares. Dun think they can do that effectively now with the low price and low vol.
Tkong214 ( Date: 26-Aug-2021 18:09) Posted:
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Of course when you so desperately want it to tank to 3 cents you can think of more than a few reasons like the profits ain' t real, the dividends that you received (or did you?) ain' t real.
Luzern ( Date: 26-Aug-2021 17:49) Posted:
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The " nails" that are supporting its 0.5+ to 0.6+ price are its NAV and accumulated profits in the last few qtrs. If these are erroded due to whatever reasons (I can think of a few).....then...........
Tkong214 ( Date: 26-Aug-2021 17:03) Posted:
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For those so-called ' chartists' or traders who merely look at lines and dots, the end point is screaming 3 cents! 3 cents!. For fundamentalists, at least can still count on the scrap value or cash value as a basis. 烂 船 也 有 三 斤 钉 !
A bad boat also has three catties nails!
Luzern ( Date: 26-Aug-2021 15:27) Posted:
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