Medtecs boom!

1Q2020: US$3.7 million net profit.
2Q2020: US$38.9 million net profit.
already announced

2nd half 2020: Medtecs announced the Group's revenue and profit is expected to exceed that of the first half of the year.

US$38.9 m x 2 = US$77.8 m = SGD107 m at least.

Market cap at S$1.00 share price = SGD550 m.
Therefore, PE 5.1 X.

Very cheap, target price can be $2.00, in my view.
What do you think?

Closed at $1.83 today!

Getting closer to my earlier target of $2.00 but i am pushing it up to track the TDR price which closed at equivalent of S$2.52 today.

mis.twse.com.tw/stock/fibest.jsp?stock=9103&lang=en_us

Medtecs International now Singapore’s top stock following 5000% surge

www.theedgesingapore.com/news/company-ne...following-5000-surge

TDR closed at TW71.50, equivalent to SGD3.29 !

mis.twse.com.tw/stock/fibest.jsp?stock=9103&lang=en_us


In SG, the stock closed at S$1.44.

More than 100% upside to close the gap with TDR.

Nice to see the potential.
Possible to reach SGD200 million.
Wow, what dividend will Medtecs pay?



U can read the full article by Golden Apple:

pickinggoldenapples.blogspot.com/2020/09...corporation-ltd.html

Pretty sure management will provide a nice 3Q update.
meeting with investors / analysts -- let's see, if this can be pulled off via Zoom. Keep fingers crossed.