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Maybe will have movement later.
this medical stock no chiong like the others
Bought 34cts in Jan now still in the loss... when will this SGM climb up🤔
Big buy up today
BIG WALLS AT 25 255...yummy
CHIONG ARH
Singapore Medical Group halves planned final dividend to 0.4 S' pore cent to free up cash
FRI, MAY 15, 2020 - 8:05 PMCATALIST-LISTED Singapore Medical Group has halved the planned final dividend that the board had proposed in February, citing a need to save cash amid the coronavirus pandemic.
The board now intends to pay out 0.4 Singapore cent a share, subject to shareholders&rsquo approval at an upcoming general meeting, according to a bourse filing on Friday evening.
The Singapore Medical Group has warned that its financial results will likely take a hit from the Covid-19 situation, as a two-month circuit breaker shuttered non-essential medical services such as Lasik eye treatments, health screenings and non-emergency dental services.
On top of that, the travel ban on short-term visitors has affected medical tourism revenue from segments such as oncology, cardiology and diagnostic imaging foreign patients contribute between 15 per cent and 20 per cent of group turnover, the board disclosed.
Singapore Medical Group turned a net profit of S$13.7 million in the year to Dec 31, 2019 and expected to pay out 0.8 Singapore cent a share - nearly S$3.9 million altogether - after not declaring any dividend in the corresponding period the year prior.
But the latest dividend-trimming, which was dubbed &ldquo a more prudent stance&rdquo , is expected to save about S$1.9 million in cash &ldquo to ensure the viability of the group&rdquo if restrictions are extended.
Still, the board added that Singapore Medical Group has little liquidity risk and should be able to operate as a going concern, &ldquo barring unforeseen circumstances and assuming the gradual and effective easing of the circuit-breaker measures&rdquo .
Shares closed up by half a Singapore cent or 2.04 per cent to S$0.25 before the news.
https://www.businesstimes.com.sg/companies-markets/singapore-medical-group-halves-planned-final-dividend-to-04-spore-cent-to-free-up
Another lovely news from WHO for longists https://www.cnbc.com/2020/05/04/remdesivir-coronavirus-treatment-who-to-talk-with-us-on-making-drug-available.html
A lovely news for longists https://www.channelnewsasia.com/news/world/israel-isolates-covid-19-coronavirus-antibody-breakthrough-12702590
They actually announced a dividend policy for the first time, to pay out at least 20% of Group' s profits and will be paying 0.8cents which is about 3.3% dividend yield at closing price of 24c.
Agree that the Covid-19 impact to medical tourism will hit SMG and I recall reading in some analyst reports that it contributes about 20-30% to Group' s sales so that will hit their bottom line for FY20, particularly patients from ASEAN countries such as Vietnam and Indonesia. They do however have some JVs in these countries which should help mitigate the decline but may not be meaningful given their relatively small stakes.
The electives modules such as aesthetics and lasik businesses should be affected but hey, everyone is staying indoors so that may bode well for their gynae business?
Agree that the Covid-19 impact to medical tourism will hit SMG and I recall reading in some analyst reports that it contributes about 20-30% to Group' s sales so that will hit their bottom line for FY20, particularly patients from ASEAN countries such as Vietnam and Indonesia. They do however have some JVs in these countries which should help mitigate the decline but may not be meaningful given their relatively small stakes.
The electives modules such as aesthetics and lasik businesses should be affected but hey, everyone is staying indoors so that may bode well for their gynae business?
albeniz ( Date: 28-Apr-2020 10:23) Posted:
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Ok. Slowly move in. 
wolverine23 ( Date: 28-Apr-2020 10:26) Posted:
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If even hypen pharma can fly, so can this! Medical bull!
albeniz ( Date: 28-Apr-2020 10:23) Posted:
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The focus of this business is:
a) Eye Cluster (b) Aesthetics Cluster (c) Sports Cluster and (d) Critical Illness Cluster.
Business may not be too good at the moment as non-critical surgeries and treatments are postponed till Covid has subsided.
Although P/B and P/E look alright, it doesn' t have a record of giving out dividends over the past 9 years,
No compelling reason to buy and hold at the moment, unless there is some insider news.
a) Eye Cluster (b) Aesthetics Cluster (c) Sports Cluster and (d) Critical Illness Cluster.
Business may not be too good at the moment as non-critical surgeries and treatments are postponed till Covid has subsided.
Although P/B and P/E look alright, it doesn' t have a record of giving out dividends over the past 9 years,
No compelling reason to buy and hold at the moment, unless there is some insider news.
Don't miss this one ah
chairman and ceo have bought some shares recently at under 30c
Seth57* ( Date: 28-Aug-2019 18:53) Posted:
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volume has been high recently and hit new lows obviously before closing at 30c. some recent data points as a reference:
- ISEC has just been offered a preconditional GO valuing the business at ~25x PE, ~3x P/B and ~4.3x P/S
- SMG trades at FY19E of 10x P/E, 1x P/B and 1.6x P/S
- CHA' s convertible loan is at 42.3c/share rights issue previously done at 48c
- company has some outstanding options at 30.3c (4.81m) 54.5c (675k) and 49.3c (5.32m)
Keeps going down everyday, gone case already
Hmmm yeah resistance at $0.40, let' s see if SingMedical can break $0.40 later in the afternoon.
alidaud ( Date: 29-Jul-2019 11:58) Posted:
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I believe it is more like BBs flushing out the retail sellers, because the buying queue keeps topping up at $0.39.
easywin ( Date: 29-Jul-2019 11:57) Posted:
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