Healthway Medical

Wait for the big envelope from CDP for all the details on rights application. A low volume pull-back today with price closing at 16c. MACD seems certain to form a bearish crossover. MFI has formed a lower high today as it formed a higher low yesterday. There is no momentum either way, it would seem. If this continues, it actually favours the bears as price is more likely to drift lower than to float higher in such instances. Support at 15c is still valid.

Shares traded ex-rights : 19 January 2010 from 9.00 a.m. Books Closure Date : 21 January 2010 at 5.00 p.m. Despatch of Offer Information Statements, the AREs or the : 26 January 2010 PALs (as the case may be) to Entitled Shareholders Commencement of trading of “nil-paid” Rights : 26 January 2010 from 9.00 a.m. Last date and time for splitting Rights : 29 January 2010 at 5.00 p.m. Last date and time for trading of “nil-paid” Rights : 3 February 2010 at 5.00 p.m. Last date and time for acceptance of and payment for Rights : 9 February 2010 at 5.00 p.m. (9.30 Shares and excess application p.m. for Electronic Applications) Last date and time for renunciation of and payment for Rights : 9 February 2010 at 5.00 p.m. Shares Expected date for issuance of Rights Shares : 22 February 2010 Expected date for the listing and commencement of trading of : 23 February 2010 the Rights Shares

The Board of Directors of Healthway Medical Corporation Limited (the “Company”) wishes to announce that the Company is in advanced discussions with a major international financial institution (“FI”) for an equity and debt funding package (the “Funding”) of up to US$25 million. The terms and conditions of the Funding have been substantially agreed between the Company and the FI. The Funding is, inter alia, subject to the FI’s board approval. The FI’s board is expected to meet and decide on the Funding by end February 2010. Don\'t like placements. Does not allow minority shareholders to participate.

Healthway Medical\'s price action exhibited relative strength as it closed higher on a white candle day at 17.5c. This level is actually the XR adjusted level of the previous eventual target of 19.5c. All the more impressive. The new eventual target for the counter is 21.5c if 17.5c is taken out. Notice that the volumes on down days are actually lower than the volumes on up days for this week. That is a positive. The MACD has a buy signal today too. singaporeanstocksinvestor.blogspot.com/2...edical-strength.html

Now at 18 c, after X-rights! Healthway has done very well indeed. Equivalent to 19.25 c before X-rights. From 12 c at the start of 2010 - this babe has shot up so fast. Last yr, hentak kaki for so long. PE ratio now at 19X. Think it got chance to go up some more????? :laugh:

Q&M Dental peaked at S$0.61. Probably 90% of Singaporean do not visit dentist at least once a year. Some even do not visit dentist over a decade. Healhway Medical has corporate clients where employees would feel to visit clinics for medication and consultation at least once a year. Some employees visit company doctors every month. Minority do so every week. Moreover, specialist services are added on. Certain groups of lady patients love to patronise specialists like a fashion lifestyle. Additionally, asthetics saloon is now catch on even with male board members. Not to mention, dental clinics are also available at Healthway Group. Last but not least is the Singapore expansion growth stragegy for increase turnover. Most of all, do not forget that monster China market when Healthway Medical Clinic Chain is launched. Multiple Capability with Multiple Capacity means Multiple Growth and Multiple Earnings. Healthway Vision is S$1.08 relative to Q&M Dental\'s peak of S$0.61. Possible:ohmy: Probable:huh: Preemptable:dry: Predictable:cheer: Praticable:lol: Profitable:) Performable:woohoo: