tag:blogger.com,1999:blog-1609074421438585217.post6523746263465762587..comments2024-01-28T11:41:12.149+08:00Comments on T.U.B Investing: An Interview with "SG TTI"The Unique Bunch (T.U.B)http://www.blogger.com/profile/18291160695754244321noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1609074421438585217.post-62216895353260235942017-01-19T17:21:38.884+08:002017-01-19T17:21:38.884+08:00Hi J,
As per SG TTI replies below.
Regards,
TUBHi J,<br /><br />As per SG TTI replies below.<br /><br />Regards,<br />TUBThe Unique Bunch (T.U.B)https://www.blogger.com/profile/18291160695754244321noreply@blogger.comtag:blogger.com,1999:blog-1609074421438585217.post-11111735600005891852017-01-19T16:20:54.110+08:002017-01-19T16:20:54.110+08:003) I may be involved in a healthcare IPO in a few ...3) I may be involved in a healthcare IPO in a few years myself. I am not sure what implications it would have, but I'd rather not talk about related companies now.<br />The thing is, it's almost frowned upon for drs to do what I do as SG TTI. For this reason, I don't talk about the specific innings of the industry.<br />4) Finally, it's just boring to keep looking at healthcare. It really is. I spend a lot of my waking hours as a clinician, I'd rather spend the remaining hours reading up on ATM manufacturers, construction players or coal producers rather than yet more healthcare.<br />(I do have equity in healthcare companies, but it's not listed on SG TTI because they're private companies, not public listed ones)ThumbTack Investorhttps://www.blogger.com/profile/16852330305458189895noreply@blogger.comtag:blogger.com,1999:blog-1609074421438585217.post-3851238905843839372017-01-19T16:15:22.251+08:002017-01-19T16:15:22.251+08:002) There are also some healthcare companies who...2) There are also some healthcare companies who's management or large shareholders are people I know personally. I don't talk about healthcare companies on SG TTI for this reason. If I want to, I probably can reveal a lot of stuff that most people don't know. A lot of the analyst reports I saw are also analyzing things very superficially, I don't blame them cos it's hard for the analyst to understand the minute details without being in the industry. Even drs within the industry won't understand the industry well unless you are a business owner or management.ThumbTack Investorhttps://www.blogger.com/profile/16852330305458189895noreply@blogger.comtag:blogger.com,1999:blog-1609074421438585217.post-5638031114827399752017-01-19T16:12:56.735+08:002017-01-19T16:12:56.735+08:00@TUB: Thanks for bringing this comment to my atten...@TUB: Thanks for bringing this comment to my attention.<br />@J: A lot of folks have asked me this, in my blog and in Investing Note. There are a few reasons:<br />1) Yes, PEs for healthcare companies are priced very richly. If you track it closely, in recent years, say in 2015 and 2016, there's suddenly been several healthcare companies IPOs. <br />Eye drs, gynae drs etc. The reason is because just a few years prior, there's a sudden influx of foreign capital into these private outfits, Healthcare in SG is an attractive theme then, because of a supposed growth region, richer populace coupled with ageing population. SG is deemed to be safe and stable relative to our neighbors. (Disclosure: I would know this very well because I too am a direct beneficiary of such foreign capital investments)<br />These private outfits are hence in a position to list now, having a few years of growth.<br />If you have capital, and you'd like to buy a medical or dental clinic, do you know what you'd have to pay? Perhaps as low as PE 5,6? (just an estimate because for pte clinics, acquisitions usu done based on X times of revenue, not earnings). <br />Then there'd be larger clinics that do a lot of acquisitions of smaller clinics and these will pay a multiple of prob 7,8 times. What they're trying to do is to group a few of these players and list. Upon listing, look at the multiples these healthcare players get. 40 times is not unusual. many times it's much higher.ThumbTack Investorhttps://www.blogger.com/profile/16852330305458189895noreply@blogger.comtag:blogger.com,1999:blog-1609074421438585217.post-41604098556114132062017-01-19T12:57:18.746+08:002017-01-19T12:57:18.746+08:00A question for TTI: as a doctor, do you analyze an...A question for TTI: as a doctor, do you analyze any of the healthcare / medical stocks in Singapore? Such as Biosensors, QT Vascular, Raffles Medical, TalkMed and so on. It seems logical that you would have an informational advantage given your profession, but I have never seen you post on companies in this sector. Is it because they tend to be priced more richly?Jnoreply@blogger.comtag:blogger.com,1999:blog-1609074421438585217.post-52253808765294418682017-01-19T08:35:10.299+08:002017-01-19T08:35:10.299+08:00Hi Jenson,
Thanks for commenting and dropping by...Hi Jenson, <br /><br />Thanks for commenting and dropping by.<br /><br />I agreed that the details he gets into is really huge and interesting!<br /><br />Regards,<br />TUBThe Unique Bunch (T.U.B)https://www.blogger.com/profile/18291160695754244321noreply@blogger.comtag:blogger.com,1999:blog-1609074421438585217.post-13615690068832711132017-01-18T20:52:12.952+08:002017-01-18T20:52:12.952+08:00Nice and sweet interview. I've always liked br...Nice and sweet interview. I've always liked bro TTI's post ever since I found his blog end of 2016, it's been a pleasure to read the vast details he provided on the stock he's researching on. Jensonhttps://www.blogger.com/profile/14372857575285223000noreply@blogger.com