MEDICS for FEAR

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Medtecs started business in 1989 in the Philippines manufacturing and distributing medical consumables in the healthcare industry. 

Served markets includes: United States, Europe, Asia Pacific and recently Canada. 

Products and Services rendered by the company are:

• Manufacturing: hospital apparels, surgical masks, gowns, diapers, boots etc. 

• Hospital Services: Laundry & leasing services. 

• Distribution & Others: Wheel chairs, syringes, BP monitors, nebulisers etc. 

Manufacturing facilities are located in China, Philippines, Cambodia and Taiwan. 

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Financial

In 2007, the firm began a long 'exit' from the U.S. market to improve its profitability. As a result, revenue declined and only began to improve in 2015 with Europe contributing to a majority of the growth. Asia Pacific began to show sign of improvement in 2018. Recent Coronavirus epidemic could sustained demand for healthcare apparels in 2019/2020. 

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Leverage

Debt started increasing again in 2017 mostly to boost cash & equivalent and Other non-current asset. 

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Management

In 2018, Chairman Clement Yang relinquished the CEO position to his son William Yang. 

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Opinion

The financial of the company started to show marginal improvement from 2016.

With net margin of less than 2%, it is generally a mediocre business with admirable attempt to improve her performance.

Having said, Medtecs was a favourite speculative stock in times of extreme seasonal haze and now novel-coronavirus.