To The Moon

@TigerEvents- Recommend a Stock to Warren Buffett $MEDTECS LTD(546.SI)$ is leading PPE and hospital service provider that has been established since 1989. It is listed on SGX in 1999 and TSE in 2002. It has 7,500 employees worldwide and it export to >30 countries. As a key non-China based PPE supplier, it has sales & marketing office in Singapore and USA and it has factories all over Asia. During FY20 Medtecs achieve 480% growth due to covid pandemic, and it resulted in US$131.7(m) of net profit, as compared to US$1.2(m) during FY19. Significant profit margins has arise from economies of scale, higher proportion of sales of Medtecs branded products, and higher average selling prices of PPE. There has been an increase in long term and recuring orders with average selling prices (ASP) of PPE peaking in April 2020 in light of global shortages. While ASP have come down from the peak, profit margins are expected to remain high compared to previous years given the increased sales of Medtecs branded products which enjoy higher margins. Due to net cash inflow of US$79(m) in FY20, it has since maintained debt/equity retio of 0.2x ever since and price to book ration below 0.5x. Medtecs has capitalized opportunity from 2020 to transformed itself into a global leading PPE supplier and PPE stockpile solutions provider. Medtecs also seize the opportunity to launch its B2C services and its own branded products. Medtecs will focus on creating sustainable business growth by making the best of its cash position and competitive strengths, pursuing long term recurring orders, partnering up with key industry players via joint venture, mergers & acquisitions, and strategic investments to further create value for all stakeholders. Post COVID19, countries are looking for ways to address supply chain issue uncovered during the pandemic to avoid future shortages in medical equipment and supplies. Medtecs will partner with government agencies, group purchasing organizations, and brand owners to build a resillient, global supply chain of PPE, medical devices, and health products. These are the reasons why I would like to recommend $MEDTECS INTERNATIONAL CORP LTD(546.SI)$ to Warren Buffet, and thank you @TigerStarsand @TigerEventsfor giving me coins so I can buy this stock [Smile]