medtecs intl

Glove manufacturers, medical suppliers surf new Covid-19 wave

SHARES of Singapore’s listed glove manufacturers and other medical equipment suppliers are up as much as 20 per cent year to date on the back of a Covid-19 wave, although analysts said the price spike...

Medtecs is the fourth most heavily-traded counter by volume as at the midday trading break.

Hot stock: Medtecs rises over 20% on heavy trading, triggers SGX query 

SHARES of Medtecs International climbed amid unusually high trading volumes on Wednesday (Mar 22) morning, prompting a query from the Singapore Exchange (SGX). 

Revenue for the year fell 60.5 per cent to US$56.9 million due to fewer sales from a decline in global demand, and lower average selling price of PPE and face masks.

Medtecs posts FY22 loss of US$28.5 million amid lower PPE, face masks sales

PROTECTIVE gear manufacturer Medtecs International on Tuesday (Feb 28) posted a net loss of US$28.5 million for the financial year 2022, compared to a net profit of US$17.3 million in FY2021. 

Medtecs gains as much as 19.4 per cent, while Top Glove rises 5.9 per cent.

Hot stocks: Glove manufacturers rally on news of China’s reopening plans

SHARES of Medtecs International and Top Glove rose amid heavy trading on Tuesday (Dec 27) morning.

Medtecs International last announced the opening of a glove manufacturing facility in Cambodia on Sep 30.

Hot stock: Medtecs surges 18% to 2-month high, gets queried

SHARES of Catalist-listed Medtecs International surged 18 per cent to S$0.144 as at 11.09 am on Tuesday (Oct 18), the highest the counter has traded in nearly two months, while 4.1 million shares chan...

Although analysts expected the weaker financials, they said the rate at which the declines are taking place is alarming. Companies did not buffer themselves sufficiently during their heyday. 

Regional pandemic beneficiaries tanking; analysts see worst yet to come

GLOVEMAKERS in Singapore and Malaysia, as well as personal protective equipment maker Medtecs International, have suffered hits in terms of profitability and market values amid the easing of the coron...

Medtecs reported a loss for H1 2022 as demand and prices for PPE and facemasks fall.

Medtecs slides into red for H1 2022 on lower average selling price for PPE and face masks

Medtecs International reported a loss of US$3.7 million in H1 2022 from a profit of US$19 million a year prior on lower average selling price of personal protective equipment (PPE) and face masks.

Medtecs booked additional marketing, advertising and distribution expenses to promote the ‘Medtecs’ brand and own-brand products and grow its e-commerce business. 

Medtecs to post H1 loss on fewer orders, lower prices of PPE and masks

PROTECTIVE gear manufacturer Medtecs International is bracing for a loss for the first half of 2022 ended June, the company announced on Wednesday (Jul 20). 

Brokers' take: DBS sees continued uncertainty for Medtecs; slashes target price

Brokers' take: DBS sees continued uncertainty for Medtecs; slashes target price

DBS Group Research on Wednesday (Mar 23) cut its target price for Medtecs International to S$0.225 from S$0.93, after shifting its valuation methodology to a discounted cash flow basis from a price-to...

Medtecs profit tumbles 87% to US$17.3m on lower demand for PPE, face masks

Medtecs profit tumbles 87% to US$17.3m on lower demand for PPE, face masks

PROTECTIVE gear manufacturer Medtecs International on Tuesday (Mar 1) posted a net profit of US$17.3 million for the full year ended Dec 31, 2021, 87 per cent lower than the US$131.7 million posted in...