medtecs intl

Glove manufacturers, medical suppliers surf new Covid-19 wave

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 

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

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

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

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

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 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

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

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

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