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Prenetics (HK) Starts Trading on Nasdaq

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  1. #1

    Join Date
    Dec 2002
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    Prenetics (HK) Starts Trading on Nasdaq

    Was not aware of this happening over the last couple of days.

    More here:

    https://asia.nikkei.com/Business/Hea...wave-to-Nasdaq

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  2. #2

    They ran a fairly substantial loss during the height of the Covid pandemic and forecast that they will not be profitable until 2026 - four years from now.

    Not sure if I'd want to go near this one.

    Hkemail888, ramelec, aw451 and 1 others like this.

  3. #3

    Join Date
    Jan 2020
    Posts
    175

    Its a SPAC.

    Meaning its a horrible piece of shite that couldnt go the traditional IPO route.

    Its also headed up by a property developers scion, who has zero experience in creating value in this area or in the capital markets.

    This is simply just a cash grab as they try to make money on what is not a very good business.

    Hkemail888, ramelec and aw451 like this.

  4. #4

    Join Date
    Aug 2013
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    The World
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    1,843

    If they can't make money with a monopoly on airport testing what hope do they have in the future?

    Hkemail888, Giggsy and aw451 like this.

  5. #5

    Join Date
    Feb 2021
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    72

    They called me last year for an executive role... One of the weirdest job interviews I had. Their talent acquisition manager was quite young, and could easily tell she had not much experience, especially not in healthcare. I hung up right in the middle of one her questions...

    I work in healthcare, but I don't see Prenetics as a Healthcare/MedTech company. Wouldn't touch this either. As someone else said, if they can't make $ with a monopoly at the airport, future doesn't look bright...

    BCD and Giggsy like this.

  6. #6

    Join Date
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    Just wait till they release their monkeypox test kit.

    aw451 and NTCP88 like this.

  7. #7

    Lol, just meant to write: Finally after 2 years pandemic somebody in HK is benefiting from it. But then read their financials....