The Group has inked a deal to contract manufacture the Sputnik V vaccine with minimum commitment of 100 million doses and up to 1 billion doses for the first two years. The quantity on the third year will be adjusted depending on the market dynamic at that time. The deal is take or pay for the quantity of vaccines produced. Despite of the vaccination in some of the countries, the number of COVID-19 new cases globally continues to increase. Some countries are spiking up in the third wave and some have started the fourth wave. The vaccines in the market appear to be effective only for a few months and it is likely that 2 rounds of vaccines per year are needed. It looks like this business will be good for next few years. There was no profit forecast issued by the Group. The tax expenses for the 9 months period ending 28 February 2021 consist of the following :- iMedic continues to gain traction in the market. Due to the restriction of international and movement in most countries for the foreseeable future, the Group has realigned its resources to focus on China and other COVID-19 "safe" countries so that sales and marketing activities can progress as normal. The Group expects to make significant progress in these markets.
pang72 Revenue up 5x indicated the imec business exponential growth 5x. Profit merely the same due to one time ESOS expense. If without ESOS expensive, eps around 1c which is 300% growth! This is superd result not included Sputnik vaccine which everyone seen the target price guided by Mr Eng!!
Without the one time esos expenses, this is quite an awesome result. Earnings would have been 6.88 million if not for the esos. Revenue shot up from 3 million to 15 million! Which says that Ucrest is running a highly profitable business with high profit margin. Next qr will reflect this even more.
Pang72, i check from Bursa announcement..status still not changed..still MOU..any external source say MOU change to real agreement?? If realize to real contract, i need to prepare bullet immediately..
80% of my funds are in this counter incl today's purchase. Scary when Ithink of it but I am still very confident with this co. Further to that, the price is still at rock bottom price. Worth every penny invested..
The quarter report merely repeat the mou in which it has inked a deal to contact manufacturing vaccine. But the boys has yet to find a manufacturer. In the other hand huans global has found two manufacturer. You can see the share price limit up a few times.
Mr Eg mentioned that things are very fluid & moving very fast by the day. So, it does not come as a surprise that the official statement on the inked deal was made simultaneously with the official quarterly report today. Subsequently, UCrest can then file an official announcement with Bursa on Friday. In this way, the share price will not be subjected to manipulation by sharks. My 2 sen worth :)
It's not the job of investors to explain every details to naysayers. Anyhow, they will still find ways and means to condemn. You believe you invest, you don't believe, you don't invest. Life goes on.
Anyway, finding manufacturer is the easy part. The hard part is sales due to the political landscape. Luckily ucrest no need handle sales. Brazil government has rejected spunit V. So closing sales will not be easy even if you offer your ass to the authority. Ucrest could secure a manufacturer contract in a very short period of time. Good luck.
Dareenwai the contact is 2 years contact , and is must take how much they can produced 100million to 1billions units each year ... and it is only part of it , its imedic apps and ai medi machine will supply to china , taiwan and many many country , in many units within these 1 to 2 years for wholewide using to monitor patient at thier own house more effectively in cases like this happen again .... so annual income we will expect at least rm800million to max 2.5 billions ... for next year ..
If ucrest can't get any manufacturer, means no show oledi. After secure also need to ensure the sales work and vaccine get produced la. Else just by talking will be nonsense.
Light77. Seems like ucrest years of relationship with Russia and interest in healthcare paid off. The imedic app is not rocket science. Their ability to close sales with doctors that pays off. Friday will be interesting.
Joyvest started cock farm story again, fishy here fishy there how to do big business? Your cock also look down on u, it has no confident to be feeded by u edi.
Results already out Consider very good Without vaccine with high growth business easily PE 20-30 (at least 0.80) Most probably will opening price around 0.50 Friday
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....
Robin_Hood388
46 posts
Posted by Robin_Hood388 > 2021-04-28 18:47 | Report Abuse
Yeamwk yes is super GREEN !!! Friday will fly !!!