As an original equipment manufacturer in the automotive cables and medical devices industry, Supercomnet has seen its share price more than double year to date to RM1.87 last Wednesday.
Several key products made by its subsidiary, Supercomal Medical Products Sdn Bhd, are used in critical medical devices used in the treatment of Covid-19 patients. They include disposable bronchoscopes and the critical care monitoring cable used in intensive care.
On July 10, the group announced that its latest catheter for cardiovascular use had been approved and is now listed on the US Food & Drug Administration’s website. The FDA approval means the company can now start manufacturing the catheter for its client — a Denmark-based company that is the exclusive distributor for several world-leading producers of medical devices.
This is a strong company without a doubt. Not necessary it must fly like its kena goreng. Gradual increase is the strongest increase. Take this as an investment rather than a daily trade.
Mermaid Medical Group is a private and independently owned company founded in 2007 and headquartered in Copenhagen, Denmark. Within our areas of business we strive to be the preferred partner for both producers of medical devices as well as end-users in the healthcare sector. Mermaid Medical Group is the exclusive distributor for several world-leading producers of medical devices. Our global sales force works out of 10 sales offices in Europe, USA and Asia. We supply medical devices to hospitals and other end-users. All members of our dedicated sales team have a medical background.
Continue to recommend BUY on Supercomnet Technologies Bhd with revised TP to RM2.68, up 23% from previous TP due to the booming healthcare and surging demand for their medical cables . Expecting 59% and 68% growth in FY20 and FY21 profits respectively for this cash rich company.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bigearl
150 posts
Posted by bigearl > 2020-09-03 13:07 | Report Abuse
U didn't manage to enter cheaper price is it?