Latest Forum Topics / Healthway Med | Post Reply |
Talk Talk
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pharoah88
Supreme |
07-Jan-2010 18:27
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TODAY A STAR* is BORN******** FLYING HIGH TO S$0.195 This is THE NEW GEMS Q&M Dental PEAKED at S$0.61 Compare Dental Businesses to MEDICAL BUSINESSES in SINGAPORE THE NEW GEMS' POTENTIAL is S$1.08******** IT IS GOOD TIME for Q&M Dental Investors to SWITCH OVER for POTENTIAL MULTIPLE HIGH UPSIDES DON'T MISS THE WAVE HEADS~~~~~~~~ WAVES ONLY JUST STARTED******** SEE for yourself TOMORROW******** |
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out-of-the-box
Senior |
06-Jan-2010 12:06
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Today will hit 0.175 |
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jasonfaxingliu
Senior |
06-Jan-2010 03:30
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Yes, that is right so will see this stock rise in these few days | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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TuaPekGong9413
Elite |
06-Jan-2010 01:47
Yells: "deity" |
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throught experience, when a company wana issue rights, the price will go up.(for u to think who makes it go up). then they will take the highest price of some trading days and put it as discounts to make it looks attractive. if not how they gona raise cash? hopefully they not using this tactic this time round...
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HLJHLJ
Veteran |
05-Jan-2010 21:58
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How come right issue and up? I thought right issue means must come out with $! Will it go down as retailers need to come out with $ |
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jasonfaxingliu
Senior |
05-Jan-2010 21:18
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Right issue ! What will be the impact? Should be a good news | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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smartrader
Elite |
05-Jan-2010 21:02
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those with $ in front (like equation) is not in the listing.... the Admin has to update the listing.. could be they changed name,. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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tanh2l
Veteran |
05-Jan-2010 20:08
Yells: "Outcome is the proof to all brilliant processes." |
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its in catalist board. pending issuance of rights @0.075 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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pharoah88
Supreme |
05-Jan-2010 18:12
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WHY is Healthway Medical is NOT in the Share Junction Stocks Listing? WHY? WHY? TELL ME WHY??? |
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out-of-the-box
Senior |
05-Jan-2010 16:59
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yes... strong counter that is going on up trend now... probably open tomorrow 0.17 target price 0.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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pharoah88
Supreme |
05-Jan-2010 16:28
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From Healthway Medical, there is no gossip but only actions........ Just wait for the REWARDS********
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erictkw
Veteran |
05-Jan-2010 14:07
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04-Jan
Excerpts from latest analyst reports...... DMG & Partners starts coverage of HEALTHWAY MEDICAL with a 28-ct target Analysts: Lynette Tan & Terence Wong Low gearing and strong cash flow places Healthway in good position to take on M&A opportunities. Healthway has a low net gearing of 0.2x as at end 3Q09. We estimate that it would be able to maintain this level of gearing at end FY09 and lower its net gearing to close to zero by end FY10. Healthway’s operations generate stable cashflows. In 3Q09, it generated S$4.1m (9M09: S$12.1m). With a healthy balance sheet and steady cash flows, Healthway is in a good position to expand its network and take on strategic M&A opportunities that come by its way.
Earnings are estimated to surge 65.2% in FY09, supported by full year contribution from the clinics it had acquired in FY08, namely Singapore Baby and Child Clinic(SBCC) and Island Orthopaedic. Healthway’s 9M09 performance (S$12.1m) has already exceeded that of FY08 (S$9.6m). Growth momentum expected to continue into FY10 and FY11. With the opening of its new specialist centres, we think that revenue from Healthway’s specialist services would continue to grow. This is likely to be further supported by the recovery of the medical tourism industry and the demand for quality healthcare services from local and foreign patients.
Primary healthcare expected to grow by at least 20%. Following the H1N1 outbreak,local patients have become more cautious. More tend to visit a GP for slight symptoms and to be vaccinated. Having a large clinic network also means a higher inventory ofH1N1 vaccines. On top of that, with a growing population in Singapore, we think that there will be greater demand for primary healthcare services in the private sector as the public healthcare system will be under pressure. This would support revenue growth in Healthway’s primary healthcare division. Healthway is also targeting to expand its network to 120 family medicine clinics (from current 60) in four year’s time. We are expecting revenue growth of 24.9% and 20% in this division for FY10 and FY11. Meaningful contribution to earnings from FY12. We expect operating margins to be lower in the next two years (FY10F: 18.4% and FY11F: 14.5%), with the increased expenses coming from its expansion in China. We are expecting its China operations will start contributing meaningfully from FY12 onwards, which would boost earnings growth significantly from that point on. 17.1% earnings growth in FY10; 24.1% in FY11. Hence, we are expecting Healthway to achieve earnings of S$18.5m in FY10 and S$23.0m in FY11, driven by contribution from its new clinics. As a result of an enlarged share based (following its rights issue), EPS is likely to dip slightly to 1.11 S¢ in FY10. Attractive valuation. We have applied the DCF methodology to value Healthway. Assuming a WACC of 8.5%, we arrive at a target price of S$0.28, implying a forward P/Eof 25x. For a company with an extensive network of medical centres and good growth potential, Healthway is currently trading at an attractive P/E of 12.1x FY10 earnings. We initiate coverage with a BUY recommendation. |
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erictkw
Veteran |
05-Jan-2010 14:05
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This counter did a surge yesterday with really high vol and still holding on to the surge today. Any gossips from anyone? | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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