The stock is the top performer for Singapore and among the best in the global health-care supply sector for 2020. YahooFinance
-- Shares of Medtecs International Corp., a maker of medical apparel, traded for just a few Singapore cents at the start of the year before the pandemic roiled financial markets. Now they’re up almost 5,000%.
“Profit for the second half will be better than the first half with current orders in hand,” Medtecs Chief Executive Officer William Yang said, adding that his firm is helping the Philippines build protective equipment inventory and is in talks to also supply institutional agencies in the U.S. and Europe.
Despite the impressive surge in healthcare stocks, investors should assess the pace of infections and the likelihood of a vaccine before buying, said Justin Tang, the head of Asian research at United First Partners in Singapore. Tang advice may be worth heeding, especially as hopes for a treatment grow. Last week, Russia announced the world’s first Covid-19 vaccine amid international skepticism, while Moderna Inc. reached a deal with the Trump administration to supply its experimental vaccine to the U.S.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Six Singapore firms made Forbes' list of top 200 small and medium-sized companies in regionSINGAPORE - Six Singapore companies, including the Singapore Exchange (SGX), made the Forbes list of top 200 listed firms in Asia Pacific with less than US$1 billion in sales this year.. Read more at straitstimes.com.
Read more »
China's top diplomat Yang Jiechi to visit Singapore: MFASINGAPORE: China's top diplomat Yang Jiechi will visit Singapore this week, the Ministry of Foreign Affairs (MFA) said in a press statement on ...
Read more »
Seoul: Stocks rise, tracking Wall St rally; surging virus cases weigh[SEOUL] South Korean shares rose on Wednesday, somewhat recovering from a 2.5 per cent decline in the previous session, as global mood improved after the S&P 500 scaled a record peak overnight. Gains, however, were capped by the biggest one-day jump in domestic coronavirus cases in more than five months. Read more at The Business Times.
Read more »
Seoul: Stocks drop most in 2 months as domestic virus cases surge[SEOUL] South Korean shares fell the most in two months on Tuesday as worries about a surge in domestic coronavirus cases eclipsed optimism from an overnight tech-fuelled rally on Wall Street. Read more at The Business Times.
Read more »
60% of Singapore firms say they'll need 1-2 years to recoverFOR nearly six in 10 Singapore firms, business will take one to two years to recover to pre-Covid-19 levels, even as they seek new revenue sources, speed up digitalisation and innovate in products and services. Read more at The Business Times.
Read more »
Business will need 1-2 years to recover, say 60% of Singapore firmsFOR nearly six in 10 Singapore firms, business will take one to two years to recover to pre-Covid-19 levels, even as they seek new revenue sources, speed up digitalisation and innovate in products and services. Read more at The Business Times.
Read more »