Since MCO, let’s us study why K-one (Stock Code:0111) is explosive during this week. In fact, Quarter Report mentioned strong growth in their medical/healthcare segment, and you can find the answer from the website itself.
Firstly, look at the website of K-one. Who are their customers?
The testimonial from their customer is taken from their website.
https://www.k-one.com/ems/en/index.php/insights/testimonials#cg
Meditop Corporation (M) Sdn Bhd, Malaysia, Overseas Affiliated Companies of TOP Corporation. Is Japan badly affected by Covid-19? What the company produce? Infusion pump, medical equipment and much more. From their company website:
https://www.top-tokyo.co.jp/english/e_products.html
C Technologies, Inc. is excited to announce its acquisition by Repligen Corporation. As a life science company, Repligen Corporation focuses on leading bioprocessing technologies.
https://ctechnologiesinc.com/sites/default/files/2020-04/Repligen_COVID19_Memo_06Apr2020.pdf
https://www.nasdaq.com/articles/why-repligen-stock-jumped-10.6-on-friday-2020-03-15-0
Prospect In the Quarter Report
We envisage that global uncertainty and instability to continue in 2020, owing to the lingering global protectionism, Covid-19 virus outbreak, heightened geopolitical tensions and weakening USD. Amidst a challenging global business landscape, the K-One Group remains broadly optimistic on its prospects, underpinned by a few key factors. Firstly, mass production for newly secured key EMS customers specialising in medical/healthcare devices is expected to ramp up production meaningfully in 2020. It is envisaged that healthcare devices will constitute a substantial portion of the Group’s EMS business in 2020. Secondly, continuous diversification efforts and expansion into “sunrise” markets in the likes of IoT gadgets, healthcare/medical devices, wearables, automotive aggregates and industrial products continue to yield positive results, spurred in part by trade diversions. Thirdly, the Cloud business through GAP is generating impactful business and financial results to the Group, complemented by the impending realization of significant sales from major new customers. Fourthly, the imminent acquisition of the remaining 40% equity interest in GAP in the next few months will further fuel the business and financial growth of the Group upon the completion of the said corporate exercise. Last but not least, the continuous transformation into an Industry 4.0 enabled corporation will enable the Group to stay relevant, competitive and sustainable for long term growth, especially during this period of rapid technological advancements and disruptions.
All the information is available online and I compile for readers reference, this is not a buy call or sell call. Good night.
