Ucrest is the cheapest tech and healthcare stock in bursa. Both of this industries normally command a valuation of at least double digit PE. At the current price Ucrest is currently trading at avery undemamnding valuation of less than 7x PE. Interested in buying it but have some question on its financials. Appreciate if someone can answer them.
Based on diehard, the cogs is zero because there was no hardware being sold. So the cogs consist of only hardware device cost? The medical consultant cost (i assume the company still needs to pay for the doctors service) and the cost of maintaining the cloud platform is it parked under admin exp?
If so, does this mean that they have stopped acquiring new customers since 1Q19? I would assume any new customer will need to buy their device first, right? Are we to expect a zero cogs in 2Q19 as well?
Also all of the 1Q19 rev comes from russia. Is this normal? For 3 months they did not have any revenue from china (parked under singapore) and malaysia? I assume that they record a revenue everytime a patient uses their service. Or is this wrong? Is it based on subscription?
@commonsense... customers can have or buy their own devices. Clients can choose to buy from anyone else. They don't make the devices, they partner with device companies.
Got the revenue breakdown from the segmental analysis in 2q18 result. No revenue from singapore and malaysia. I assume that revenue from customers in singapore, china and taiwan are placed under singapore.? Is this wrong?
On cogs: so the only component in the cost of sales is hardware cost? What about the consultation or platform maintenance cost? If it is not parked under cogs, does that mean it is parked under "admin and general expenses"?
@commonsense, you can actually request to be on their list to be informed of the briefing.. I mean assuming you are sizable investor la... lol. I attended the last one, and also some of the previous ones. They explained very clearly. No need to guess.
Simple accounting: cogs is when you buy goods and sell or make goods and sell, there is a cogs. maintenance, services, etc, all those are not cogs... part of opex..
opex is almost fixed running cost Q2Q. COGS will happen only when u sell goods or make goods to sell. If selling software that u developed, no cogs also mah.
I womt sell, my dream is tp 1.00 . New govermnent wants to implement new hospital monitoring software , so probably Ucrest will get projects sooner or later .
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newbie188
108 posts
Posted by newbie188 > 2018-11-05 11:45 | Report Abuse
think impact more on trade war, everyday different news,today close deal, tmr far away from the deal