2. Could you elaborate on Medtecs’ strategies for its three main business lines.
1. Describe Medtecs’ financial performance over the past few years. What strategies have you put in place to maintain or accelerate this growth trajectory?
Medtecs International Corporation (Medtecs) is a leading personal protective equipment (PPE) and hospital service provider. The group’s three main lines of business include original product manufacturing,hospital services, and trading and distribution. Headquartered in Taiwan, the group has manufacturing facilities in the Philippines, Cambodia and China, and is a key supplier to global PPE companies, exporting to over 30 countries in Europe, USA, Southeast Asia, North Asia and Australia. Medtecs has seen consistent growth over the years, across the Philippines, Taiwan and Cambodia. We stepped up in market development, expanded customer and supplier base through various e-commerce platforms, and mobilised the group’s production sites to increase efficiency. This enabled us to capitalise from the Covid-19 pandemic. Revenue rose 4.74 times while net profit increased by 198 times for 9M2020 ended September, versus the same period last year. Our enhanced capabilities enabled us to meet market demand with our “source and sell globally” strategy to supplement our products with those from third-party vendors, the use of e-commerce platforms and data analysis to source for potential customers and new vendors, leveraging our corporate brand to develop our CoverU line of PPE, and securing recurring orders while cultivating long-term relationships with customers. Going forward, we will continue to execute these strategies to ensure sustainability and maintain flexibility over our working capital and production resources and at the same time, meet our clients’ needs.
