Meta Health Limited

Meta Health Limited 

Meta Health Limited (META), formerly known as Metal Component Engineering Limited, was founded in 1987 in Singapore. With consistent focus on quality and engineering innovation, META has expanded its customer base by serving MNC (Multi-National-Corporation), EMS (Electronic Manufacturing Services), and SME (Small-Medium-Enterprise) globally.

META has recently diversified into healthcare technology and services with investment into Gainhealth Pte. Ltd., a direct-to-consumer and high-growth omnichannel health and wellness platform.  Their healthcare segments now include (1) Primary & Homecare, (2) Central Pharmacy, (3) Clinical Nutrition distribution and (4) Infrastructure as a service (where they help medical institutes digitalise their operations)

1HFY2022  Results Announcement
15 Aug 2022

Investment Merits
  • 0.9x P/B with a strong net cash position

  • Proxy to the digitalization of healthcare in the region

  • Infrastructure-as-a-service (IAAS) segment, a potential crown jewel, that can be highly scalable and profitable.

  • Clinical Nutrition Distribution, a highly complementary segment as it taps on central pharmacy’s B2B network for distribution

In The News
Stock Information
Price 0.0390
Market Cap (SGDm) 20.5M
YE 31 Dec 21
Free Float % 97.2%
Key financial highlights
Key Highlights 2020 2021
Revenue (SGD m) 32.2 43.0
Net Profit (2.0) 7.6
Adjusted net Profit/(Loss) to Owners (2.o) (1.6)*
Net Asset Value 15.3 23.0
Net Cash/(Debt) (1.5) 4.7
*Adjusted for profit from disposal of MCE Shanghai of S$9.2m