Seems like so called "established companies" can end up like shit also. Lesson to learn is never always give the seal of approval simply because a company is establised, you see their brands everywhere etc...likewise, never immediately brush aside a company just because it is "low profile" or unknown to many common people on the street
$MEDTECS INTERNATIONAL CORP LTD(546.SI)$too many speculators and gamblers here, thats why price drop, these people sell because what they wish for did not materialise, the genuine investors who know how this virus works will be happy to buy from the short term players at discounted prices. End winner in future is the longer term players
$Grab Holdings(GRAB)$you guys sure this is worth a lot? It is losing money, a typical company that focuses on top line (sales growth) instead of bottom line (net profit).
$MEDTECS INTERNATIONAL CORP LTD(546.SI)$the increase today is coincidental with news of the virus but from technical analysis point of view, it is "double bottom". Something interesting to ponder on?
$MEDTECS INTERNATIONAL CORP LTD(546.SI)$so those who think the party is over, think again. Yes, there are more players in the market now, yes, average selling prices have dropped, yes, it is more competitive now. But the fact is this virus is not so easy to deal with. So demand is here to stay
Nothong to investigate. This theory applies to all stocks, want to blame should blame those who use the stock market for quick money. They treat stock market like casino, so if they cannot get the money in their desired time they get all hell emotional and start to dump. These are the people who drive prices down. I remember recently ceo bought at 50 plus cents, so should have nothing illegal, if ceo know got something wrong why would he throw more money in? Makes sense?
@TanWK88:$MEDTECS INTERNATIONAL CORP LTD(546.SI)$Authority such as SGX should consider to investigate what is wrong with the co to see is there any illegal activites that cause share price keep going down and isn't the board members and key personnel should be call up for investigation and held accountable?
$MEDTECS INTERNATIONAL CORP LTD(546.SI)$there will be a day when management need to look at enhancing shareholder value through other means (eg. Dividend payment every year) rather than just biz expansion, unless they consistently generate good returns by reinvesting retained earnings