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| Medi-Flex |
(Post 1 of 129) 11/01/2004.18:46:26 |
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6 STARS!!! |
| (Post 2 of 129) 11/02/2004.09:50:42 |
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Gray price is 4.5 cents and rising. Demand is very hot but supply is hard to come by. Everyone looking at their potentially explosive growth next year when the new lines are installed. Currently running at full capacity, the IPO proceeds will give them a breathe of life to expand and double their capacity. |
| (Post 3 of 129) 11/02/2004.09:54:07 |
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Very good video... tells you a lot abt what they do.
http://www.listedcompany.com/ir/mediflex/web/show.cgi?content=video& |
| (Post 4 of 129) 11/02/2004.15:05:20 |
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wanna buy this one too !!! cos NR piece can almost for sure shred .
1410 [Dow Jones] IPO WATCH: China Sun's large float (total offer 160 million shares, of which public offer 5 million shares), huge pre-IPO investor share base of 75.7 million shares may result in shares struggling to perform post IPO, says NetResearch. Still, says business model of starch company "compelling", subject to management's execution of its capacity expansion program. IPO, priced at 38 cents/share, closes Thursday; stock starts trading Monday.(ANU) |
| (Post 5 of 129) 11/02/2004.16:31:50 |
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Gray heard to be higher than 4.5cts already. Anyone has any updates? I am keen to participate but unsure what is the market doing. |
| (Post 6 of 129) 11/02/2004.16:36:34 |
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1 November, 2004
The Directors of Medi-Flex Limited (“Medi-Flex”), a disposable gloves manufacturer, is pleased to announce that Medi-Flex has launched its initial public offering (“IPO”) today 1 November, 2004 of 34 million shares in connection with its listing on the SGX-SESDAQ. The total share offer, representing 28.87 percent of Medi-Flex’s enlarged share capital, comprises a public offer tranche of 1.5 million shares and a placement tranche of 32.5 million shares. (including 2.0 million reserved shares) At S$0.20 each, the issue is priced at a historical price earnings ratio of 9.35 times. The estimated net proceeds of S$5.3 million to be raised by the Company will be used as follows: · About S$3.5 million to expand production capacity through the acquisition of new machinery and equipment, in particular, for the manufacture of cleanroom gloves; and · Approximately S$1.8 million to fund, when suitable opportunities arise, acquisitions of and/or investments in business where there are potential synergies to be created, and working capital; Said Mr A.K Tu, Managing Director of Medi-Flex, “We are proud to be the first manufacturer of cleanroom, medical and industrial gloves to be listed in Singapore. We intend to make an impression on the investment community about our commitment to transparency and shareholders’ value enhancement.” Formed in 1999, Medi-Flex is engaged in the manufacture and sale of disposable latex and nitrile gloves, which can be divided into the following main categories: - (i) Cleanroom gloves; (ii) Medical gloves; and (iii) Industrial gloves. "At Medi-Flex, we are focused on specific industries, we aim to establish ourselves as one of the leading manufacturer of cleanroom, medical and industrial gloves”, said Mr Tu. Growth Strategies The Company intends to increase its production capacity by installing 7 additional dipping lines at its new manufacturing facility in Selangor, of which 3 dipping lines will be completed by the last quarter of 2004 and the remaining 4 dipping lines in 2005. Upon completion of the setting-up of the 7 additional dipping lines, Medi-Flex’s annual installed production capacity is expected to increase to approximately 850 million gloves. Added Mr Tu, “Our new plant at Olak Lempit, Banting in Selangor will be able to meet the expected increase in our sales of our cleanroom and medical gloves.” Medi-Flex will also continue its strategy to focus on higher profit margin segments, in particular, cleanroom gloves and medical gloves. In FY2003, Medi-Flex recorded a gross profit margin of approximately 18.8% for cleanroom gloves and approximately 17.9% for medical gloves, compared to approximately 13.5% for industrial gloves. Cleanroom gloves and medical gloves accounted for an aggregate of approximately 84.8% of the Group’s turnover in FY2003. Medi-Flex also intends to grow through joint ventures and acquisitions. The management plans to expand its business by entering into strategic investments or alliances or joint ventures with suitable partners who can strengthen Medi-Flex’s market position and add value to its existing business. This strategy will also allow Medi-Flex to expand its product range, geographical reach and technological capabilities. For the financial year ended 31 December 2003, Medi-Flex achieved turnover and profit after taxation of approximately RM40.5 million and RM3.9 million respectively. The Manager for the initial public offering is Stirling Coleman Capital Limited. The Underwriter and Placement Agent is Daiwa Securities SMBC Singapore Limited. The issue will close at 12 noon on 8 November, 2004, and trading of the shares is expected to commence at 9.00 a.m. on 10 November, 2004. |
| (Post 7 of 129) 11/02/2004.16:52:13 |
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IPO Opening Alert
Subscription is open for Medi-Flex IPO Price: S$0.20 per share Closing on 8 Nov 2004 12:00 noon Profile: Formed in 1999, Medi-Flex is engaged in the manufacture and sale of disposable latex and nitrile gloves, which can be divided into the following main categories: - (i) Cleanroom gloves; (ii) Medical gloves; and (iii) Industrial gloves. Invitation Stats: 34 million New shares comprising:- - Public offer tranche of 1.5 million shares - Placement tranche of 32.5 million shares. (including 2.0 million reserved shares) Useful Links: 1. Investor Relations website 2. Download Prospectus 3. Sign up for FREE email alerts |
| (Post 8 of 129) 11/03/2004.07:39:09 |
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Palawan
Can you explain why this counter is good? The business model don't look impressive leh |
| (Post 9 of 129) 11/03/2004.09:13:49 |
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1) becos daiwa has a good track record IPOs..so far asia pharm and zhonghui 2) becos kotitiam aunty uncle say good hehe..3)small float
4) medical gloves ...all not very good reasons.....but like to listen to kopi tiam talk cos theses people sure hoot tua tua but i guess only lah.... |
| (Post 10 of 129) 11/04/2004.10:21:05 |
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Gray is now 25cents.
I think the bullishness is for a good reason. Have read about the prospects of this industry and felt that the growth is real. Plus they are into 3 industries (medical, industrial, cleanroom) which mitigate the risks in reliance on a certain industry. Was told by remisier that their clean room gloves is one of the key drivers as its less competitive and commands a slight better margin. Not sure if its true but sounds logical. |
| (Post 11 of 129) 11/04/2004.19:57:34 |
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stock....u apply already...?  |
| (Post 12 of 129) 11/05/2004.08:02:24 |
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In Bursa Malaysia, the rubber gloves makes are all doing very well. Both in terms of share price and their financials. The 2 over there comparable but I think a lot bigger than MediFlex are TOPGLOVE and SUPERMAX. Read them up, you will probably feel that this industry is potentially very strong. |
| (Post 13 of 129) 11/05/2004.08:44:39 |
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 topglobe historical 18x....so this one 9.35x.... |
| (Post 14 of 129) 11/06/2004.08:10:03 |
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STOCK....morning ..found the lab
GLOVES for sale!!! MJ gloves...do they produce those?? hehe |
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| (Post 15 of 129) 11/07/2004.20:36:40 |
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STOCK
studied some of the comparables in msia....looks good exmple Brokers` Call 2/21/2004 APL Industries Bhd continues to deliver robust performance as their net profit for H104 jumped by 405 per cent to RM8.9 million. Comment by TA Securities: We believe APLI will continue to deliver commendable results by forecasting earnings growth of 352 per cent and 79 per cent for FY04 and FY05 respectively. The growth will be driven by lower cost of production in existing operations and expansion into low-cost base Vietnam. Net profit for Q204 and H104 jumped by stellar 365 per cent and 405 per cent year over year respectively. This is on the back of higher turnover and expansion in earnings before interest and tax (EBIT) margin. Cumulative EBIT rose by 315 per cent to RM10.6 million with margin expansion of 9.0 percentage point to 12.7 per cent. The higher margin is mainly due to hike in selling prices by APLI to absorb rising latex price and also shift in sales towards higher margin powder free gloves. APLI's lower cost of production due to operations streamlining and upgrading also contributed to higher margins. APLI is trading at 11.8 times and 6.6 times price earnings ratio (PER) for FY04 and FY05 respectively which is below the rubber gloves industry average PER of 16.4 times. The Company's net gearing and current ratio remains reasonable at 30.5 per cent and 1.7 times respectively. APLI has smaller capacity and customer base as compared to its peers. In addition the Company is unable to pass down additional latex cost to customers as easily. We are valuing APLI at 13 times PER which is at 20 per cent discount of rubber gloves industry PER. Despite its being smaller in size and customer network we like APLI for its strong earnings growth potential and cheap valuation. Recommendation: Fair value for APLI is upgraded to RM0.94 from RM0.78 and TA Securities to maintain a buy recommendation on the stock. CIMB Bhd, an investment banking arm of the Commerce Group announced that it is acquiring Botly Securities Sdn Bhd, a subsidiary of TA Enterprise Bhd for RM400 million, via 80 million new CIMB shares at RM5 per new CIMB shares. The proposed acquisition will be implemented on the basis that, among others, the terms of the Business Merger Agreement entered into between TA Securities Bhd and Botly on Dec 2, 2002 to be amended. In the amendment, TA Securities will sell, and Botly will purchase the business of stockbroking and dealing in securities of TA Securities. Under a separate agreement, CIMB and TA Enterprise agree that TA Enterprise will sell to Commerce Asset-Holding a total of 80 per cent of the consideration shares at the issue price for the proposed acquisition, at an aggregate purchase price of RM320 million. TA Enterprise will retain the remaining 20 per cent or 16 million CIMB shares, resulting in it holding a 1.72 per cent stake in CIMB Bhd, based on an enlarged share capital of 931.8 million shares. The Proposed Acquisition would result in a large increase in scale of CIMB's retail equities business. Its remisier base would increase from 90 to 640 licensed dealers, and its market share from 9 per cent to 15 per cent. This deal is valued at a price to net tangible asset (P/NTA) of 1.6 times based on the latest financial statements of TA Enterprise. |
| (Post 16 of 129) 11/08/2004.18:44:32 |
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Hi Stock,
Can't seems to get the IPOs I've applied...  |
| (Post 17 of 129) 11/09/2004.01:23:53 |
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Will Medi-Flex be another sinking sun?
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| (Post 18 of 129) 11/09/2004.16:57:37 |
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got 6 lots 
think can make 10cts lah |
| (Post 19 of 129) 11/09/2004.17:06:13 |
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i thk u will |
| (Post 20 of 129) 11/09/2004.19:06:39 |
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Aiyo, tikam didn't get ... 
Will buy if open low tomorrow ...
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| (Post 21 of 129) 11/09/2004.21:07:16 |
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Do not chase ...
Balloting Ratio : |
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| (Post 22 of 129) 11/09/2004.21:12:54 |
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Thanks for your work Kaze, |
| (Post 23 of 129) 11/09/2004.21:29:17 |
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Boucher,
Me shy shy leow ... 
 |
| (Post 24 of 129) 11/09/2004.22:26:48 |
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hmm...will this stock rise? |
| (Post 25 of 129) 11/09/2004.22:38:51 |
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Hi Kaze,
Mi too...tikam didn't get ...ToUgh LuCk...Sigh... |
| (Post 26 of 129) 11/09/2004.22:43:14 |
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Cwaipeng,
Give you  can bring you good luck ...
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| (Post 27 of 129) 11/09/2004.22:49:11 |
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Hi Kaze,
Thanx... |
| (Post 28 of 129) 11/09/2004.23:17:22 |
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 Pahlawan,
Tikam-tikam got 
Tomorrow must 
|
| (Post 29 of 129) 11/09/2004.23:32:58 |
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Isn't this stock consider a small float 34 million shares?
Just guessing it may open with a pop like Auto Touch stone at say $0.3 But then again the situation is different right now(interest rate hikes etc) 
What you all think?  |
| (Post 30 of 129) 11/10/2004.06:33:53 |
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Gray price done at 35 cents yesterday. This is has an appointment with Mr Bull to fly on debut. Amazing debut coming up. |
| (Post 31 of 129) 11/10/2004.06:58:50 |
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NEWS RELEASE
MEDI-FLEX LAUNCHES ITS IPO ON SGX-SESDAQ Medi-Flex Limited (“Medi-Flex”), a disposable gloves manufacturer, which launched its initial public offering on the Singapore Exchange Securities Trading Limited (“SGX-ST”) Sesdaq on 1 November 2004. At the close of the Application List at 12.00 noon on 8 November 2004, there were 2,362 valid applications for the 1,500,000 Offer Shares available to the public for subscription. Based on the total invitation size of 34,000,000 shares and the total valid applications (excluding 400,000 Reserved Shares allotted to the Independent Directors) amounting to 292,865,000 shares (comprising 260,775,000 Offer Shares, 30,490,000 Placement Shares and 1,600,000 Reserved Shares), the Invitation was approximately 8.6 times subscribed. In total, application monies received amounted to approximately $52.2 million. CM Investment Advisers Pte Ltd has subscribed for 2,500,000 placement shares worth S$0.5m, which in aggregate amounted to approximately 7.6% of the total invitation. Said Mr A.K. Tu, Medi-Flex’s Managing Director, "This listing marks a significant milestone for Medi-Flex Limited. We are now ready to further expand our niche position globally.” The estimated net proceeds of S$5.3 million raised by the Company will be used as follows: •Approximately S$3.5 million to expand production capacity •Approximately S$1.8 million to fund, when suitable opportunities arise, acquisitions of and/or investments in businesses where there are potential synergies to be created and working capital; Added Mr Tu,“Going forward, we intend to reach out to more markets and customers in the different regions and embark on our next phase of growth.” The Company's shares will commence trading on 10 November 2004. The issue is managed by Stirling Coleman Capital Limited. The Underwriter and Placement Agent is Daiwa Securities SMBC Singapore Limited. About Medi-Flex Limited Medi-Flex Limited is engaged in the manufacture and sale of disposable latex and nitrile gloves, which can be divided into the following main categories: - (i) Cleanroom gloves; (ii) Medical gloves; and (iii) Industrial gloves. With its manufacturing facilities based in Malaysia, Medi-Flex exports its products globally to the three major continents, North America, Europe and Asia. For the financial year ended 31 December 2003, Medi-Flex and its subsidiaries achieved turnover and profit after taxation of approximately RM40.5 million and RM3.9 million respectively. |
| (Post 32 of 129) 11/10/2004.07:46:09 |
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DONT play play....MJ gloves for sale!! |
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| (Post 33 of 129) 11/10/2004.07:53:53 |
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if open too high DONT be trap and chase....choose your battle line carefully. let the mkt settle down from the opening frenzy |
| (Post 34 of 129) 11/10/2004.08:25:49 |
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Pahlawan,
What is the safe price range to go in leh?
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| (Post 35 of 129) 11/10/2004.09:10:17 |
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Kaze,
For reference only
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| (Post 36 of 129) 11/10/2004.09:15:07 |
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MEDI-FLEX LIMITED
BALLOTING RESULTS Pls view announcment here. |
| (Post 37 of 129) 11/10/2004.09:17:05 |
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Kaze,
 |
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| (Post 38 of 129) 11/10/2004.09:20:18 |
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Kaze,
Giant Blocks starting to appear
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| (Post 39 of 129) 11/10/2004.09:26:23 |
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Kaze, personal opinion. this stock open too high. Not to get trap like what pahlawan says |
| (Post 40 of 129) 11/10/2004.09:33:38 |
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Hophlng,
Me in China Boat war now ... Didn't buy Medi-Flex ... |
| (Post 41 of 129) 11/10/2004.09:48:36 |
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catch short ah |
| (Post 42 of 129) 11/10/2004.10:38:53 |
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Stunning debut! I think their growth prospects has been clearly articulated and investors are thronging to catch a bite early morning. The gray price of 35 cts is true according to my broker and all these are largely big players crossing. Trust the big players, this company is now full in capacity and the IPO proceeds will give them a new plant in Selangor to give them explosive growth in prodcution capacity.
I have no vested interest, wanted to buy early but felt the price too high. Not slightly regret man. Congrats to those shareholders who bought earlier. Shortist better be careful, dun be caught like the ZhongHui shortists. |
| (Post 43 of 129) 11/10/2004.10:57:55 |
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One other good thing abt Mediflex is that their products have multiple usage.
Think about it. If you snip off the fingers in the gloves, it can be used for other things too. Got cleanroom gloves to use somemore... haha. |
| (Post 44 of 129) 11/10/2004.11:05:58 |
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reach its full valuations i feel...but depending on how short the mkt is....may be might now fall till after buyin mkt...msian avg pe for RUNNBER boys 16x |
| (Post 45 of 129) 11/10/2004.11:22:02 |
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shorted at 0.37....hope it continues to drop.... |
| (Post 46 of 129) 11/10/2004.11:24:17 |
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Alamak guys, STOP rambling about the share price. Keep these short comments to yourselves. I think what fellow players or investors want to discuss is what do you all think of their fundamentals.
All this smilies and "cheong ahhh" egocentric remarks making me and everyone else sick. |
| (Post 47 of 129) 11/10/2004.11:40:52 |
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you are right San. |
| (Post 48 of 129) 11/10/2004.12:42:56 |
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Kim eng the main trader i c trading this counter...watch for 21. ....but tis lvl and ahead of look weekend why risk....moreover look at DJ charts and decide whether u want a peaceful deepavali or gungho position.anyway FYI fung choi mgmt in town i hear presenting around |
| (Post 49 of 129) 11/10/2004.15:42:57 |
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looking to close strong...wud be interesting to see buyin day.Fundamentals throw out of window now....16x fair...but mkt well... |
| (Post 50 of 129) 11/10/2004.15:56:08 |
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Short covering in progress. Price can only goes up liao . |
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