市況評論

作者

倪國權先生 (Alex Ni)
助理經理

曾任職鋼材交易員及廣告公司主任,所以特別喜歡研究資源類及消費類股票。歡迎來電賜教或交流心得。
電話:
22776779

Modern Dental Group Limited

2020年6月24日 星期三 觀看次數1422

Stock Commentary                                                                                             Date: 23/6/2020

         

Stock:                                                     Modern Dental Group Limited

Closing price:                                      $1.40 (23/06/2020)

52 weeks range:                                         $0.887 - $1.818

Shares outstanding:                               962,477,000

Market Capitalization:                         HK$ 1.347 Billion

Target Price (12 months):                        No Target

 

Summary :

  1. The group is in the transition phase period, consolidating their business through various acquisitions.
  2. Focus on higher value products to improve profit margins.
  3. The incurred loss was from restructuring, re-financing and currency exchange. The group’s core business remained relatively stable.
  4. The group’s prospect came from local market penetration through their strategic geographical acquisitions.
  5. Greater China may be the company’s next sales engine as GDP per capita increased, so was the demand for high quality medical/dental care products.
  6. The group continued to showed prudent use of capital amid the current uncertain economic period..
  7. However, due to the epidemic, the group’s revenue decreased by approximately 8.6% for the 1st quarter; sales volume decreased by approximately 25.4% (excluding North America region).

 

Group Yearly report (Dec 2019):

The group show consistently improvement in terms of revenue growth. Although, the revenue growth y-o-y is 2%, it may reflect the fact that the majority of revenue contribution came from developed countries, ie USA and Europe.

While Europe continued to be one of the major contributors of the group’s revenue, Greater China region had a faster growth comparing to other region while North America (including Canada) also had a moderate improvement in terms of revenue growth. As the group continued to consolidate with their acquisitions (especially with MicroDental), the company expected to capitalize on their investments in the future.

 

2.  The group continued to show improvement with their operations

「註:本人倪國權為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。」; Or
” I, Ni Kwok Kuen Alex, am a licensed person under the Securities and Futures Commission. Until the date this commentary was published, neither I and/or my affiliates are the beneficiary of the securities mentioned herein or are entitled to any financial interests in relation thereto. “

 

 

 

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