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 coronavirus pandemic. 

THE following companies saw new developments that may affect trading of their securities on Monday (Aug 15): 

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 International has reported a loss of US$3.7 million for 1HFY2022, versus earnings of US$19.1 million in the year earlier six months. Revenue in the same period was down 63% y-o-y to US$31.6 million.The company, which makes personal protection equipment used by healthcare workers and other us...

THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 21):

THE following companies saw new developments that may affect trading of their securities on Thursday (Jul 21):

Medtecs International Corporation has issued a profit guidance for its performance in 1HFY2022 ended June.In a Singapore Exchange (SGX) filing on July 20, the integrated healthcare product and services provider says it expects to generate a loss for the period and will announce its 1HFY2022 results ...

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). 

For 1HFY2022 ended December 2021, the company reported earnings of $1.7 million, up 88.1% over the preceding 1HFY2021’s $0.9 million for the period ended December 2020. Revenue in the same period was up 23.8% y-o-y to $28.6 million.From PPE to renewable energyMedtecs International, which was one o...

However, the analyst points out that the REIT’s rent reversion is expected to remain under pressure at FY2022 at a range of -10% to -20%.This, he says, is mitigated slightly by the fact that only 14.8% of leases are pending renewal in FY2022.In Malaysia, the REIT’s asset enhancement at The Starh...

DBS Group Research analysts Woon Bing Yong and Ling Lee Keng have maintained their “hold” call on Medtecs International as the company saw an 87% y-o-y decline in earnings of US$17.3 million ($23.5 million) for the FY2021 ended December.The lower earnings were attributable to the lowered demand ...

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-earnings multiple basis.

Medtecs International has reported earnings of US$17.3 million ($23.5 million) for the FY2021 ended December, down 87% from earnings of US$131.7 million in the previous year. Revenue for the year fell 64% y-o-y to US$144.2 million due to lower global demand and lower global market prices for persona...

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 the year-ago period.

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 the year-ago period.