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Undervalued gem that continues to execute and deliver improved (record) financial performance in FY2021. Appears that the macro tailwinds, structural factors such as an ageing population and medical tourism should further boost the numbers. Becoming increasingly concerned however that a privatization could be on the cards at some point as the market continues to underappreciate the counter along with the usual reasons for delisting such as " low trading liquidity" and " giving shareholders the opportunity to realize their investment without incurring brokerage fees..."
Most welcome, 2c worth thou
MambaFinancial89 ( Date: 06-Jul-2022 13:58) Posted:
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Thanks for the update and as per Lone Wolf' s write up, it appears that medical tourism is back in full swing. Worthy to note that medical tourism historically has accounted for at least 15-20% of total revenue. Despite this absence, SMG was able to report a record year of revenue and profit during FY2021. With this additional 15-20% topline starting to return, we could see another record year in FY2022, barring any unforeseen circumstances. As per my previous post, it is quite heartening to see that amid the global market sell-off that SMG is holding somewhat firm at S$0.30, supported by strong underlying (and improving) fundamentals as well as the defensive nature of healthcare. I am growing increasingly convinced that SMG will quickly become a privatisation play, given that its direct peer (Singapore O& G) already went private in partnership with Dymon Asia at 16.8x P/E. Concerned about a lowball offer akin to TTJ' s and hope that SGXRegco accelerates its initiatives to protect minority shareholders. Glad to see that the IFA for TTJ informed Independent Directors to reject the offer...
Wolf Money(portfolio update end June 2022)long post!
SMG related
Sell away in May and go away in June. The market jingle had its way after all. For the past two months if you had flown out to another country, away from the stock market for a well deserved holiday, you would have easily save 15% on your investment capital. The market had gone Gaga, no amount of &ldquo hold my hand&rdquo can calm the market jitters. The closest thing of me taking to the sky was a trip to the cinema for a Top Gun sequence.
https://lonewolfinvestor.blogspot.com/2022/06/wolf-moneyportfolio-update-end-june.html
Buy volume more...
I also pick up some more at 30 cents...
I pick some at 0.30 today
Quite heartening to see that amid the global market sell-off that SMG is holding somewhat firm at S$0.30, supported by strong underlying (and improving) fundamentals as well as the defensive nature of healthcare. Positioning for the short to medium term. Good time to accumulate if your investment horizon is more long-term in nature. Hoping also that considering the company tried to privatise but failed previously (15 April 2021 SGXNet announcement) that they would understand the difficulty and the need to offer a fair price to shareholders. Especially so given the recent negative sentiment around TTJ' s offer and increasing shareholder activism. Not forgetting the precedent set by SOG during their recent delisting.
Coming off a record year of financial performance in FY21, finally paid out higher dividend, strong cash flow generation, balance sheet is rock solid and now medical tourism is coming back. Appears to be a good buy amid the tailwinds. SOG, a close and direct peer, also set a new precedent for valuations (16.8x P/E) should the Board decide to take the company private. SMG currently trades close to 9.4x P/E. Tremendous upside potential, severely undervalued.
Below is a quote taken from Message to Shareholder:
Despite the uncertainty and challenging business landscape, the diversified and resilient business we have built over the
years was able to deliver as we achieved revenue growth of 15.5% year-on-year (&ldquo yoy&rdquo ) to a record S$100.8 million while
our net profit attributable to owners of the Company surged to S$15.6 million for FY2021.
These all-time highs in top and bottom line were achieved despite the absence of medical tourism which historically
contributed to 15%-20% of our annual revenue.
While we are delighted with the results, this is just the beginning as we continue to chart growth both in Singapore
and overseas as we look to emerge stronger from the pandemic.
For info only. Dyodd.
Despite the uncertainty and challenging business landscape, the diversified and resilient business we have built over the
years was able to deliver as we achieved revenue growth of 15.5% year-on-year (&ldquo yoy&rdquo ) to a record S$100.8 million while
our net profit attributable to owners of the Company surged to S$15.6 million for FY2021.
These all-time highs in top and bottom line were achieved despite the absence of medical tourism which historically
contributed to 15%-20% of our annual revenue.
While we are delighted with the results, this is just the beginning as we continue to chart growth both in Singapore
and overseas as we look to emerge stronger from the pandemic.
For info only. Dyodd.
Wolf Money(portfolio update end May 2022) Singapore medical group related
Commentary
As we draw a close to a troubled month of May. Companies and alternative assets which had no fundamental backing suffered the blunt of the selling. A big lesson drawn from the sell down &ldquo All that glitters ain&rsquo t gold&rdquo . When Luna was then the popular keyword search on Yahoo(Google not even in existence) The Japanese pop group, Luna Sea was making waves in the pop scene during the late 90s. History had a way of repeating itself in a different way, Luna(the crypto)jostled to the top of Google key word search in May. I wouldn&rsquo t go into the detail amid the &ldquo Luna Sea of red&rdquo .
https://lonewolfinvestor.blogspot.com/2022/05/wolf-moneyportfolio-update-end-may-2022.html?m=1
SMG related
governor ( Date: 29-Apr-2022 09:09) Posted:
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HK and Shanghai stock markets trending up due to opening up. And also Ukraine war likely going to be over soon, else USA and other European embassies will not be keen to open in Kviv. Dont tell me they not scared to be bombed accidentally?
Today just first day....Dont dont sell..people put a wall for a purpose
bro 34 touched and go..did you scoop? officially broke one year high today..cheers..
eric998 ( Date: 29-Apr-2022 11:09) Posted:
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千 千 万 万 不 要 卖 。 contra people bo pian.
contras will sell.. need to respect the resistance..
chiachiawee ( Date: 29-Apr-2022 11:10) Posted:
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Bro, no one would sell, as its just started! BB lai liao..muacks..smart investors also lai liao. actually they camped here a month ago already. this counter is way long overdue. cheers..
Invest1 ( Date: 29-Apr-2022 11:02) Posted:
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not selling... i want to buy more at below 340.. anyone want to sell? i buy..
Invest1 ( Date: 29-Apr-2022 11:02) Posted:
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Just dont sell...dont panic.