Dear readers, recently one Singapore stock has been of focus right here on SG Stocks Investing. What stock is it and why focus on this stock? Well, if you are a regular reader right here on this blog, you would understand that the posts on SG Stocks Investing are of a diverse and insightful nature. On one day, we may be talking about Straits Times Index (STI) stocks, on another day, we may be zooming in on one specific stock.
Having a deep insight of one specific stock is tantamount to understanding the universe of stocks. Just to give you an example, if you look deeply into the cup of coffee which you may be drinking every morning (in fact I am drinking one cup of coffee now), you will grow to realize that this cup of coffee is not just about the coffee beans itself. It is about the clouds, for the clouds give us rain and water to boil the coffee beans. It is about efforts of farmers as well as the team of aircraft crew that brought the coffee powder from overseas to Singapore. In fact, the coffee powder is much more.
So, as we continue to look deeply into this stock, none other than Medtecs International stock; you would have noted that this stock has dived by almost 13.2% from its stock price last Friday to yesterday’s close of $0.955. You would have noticed that this stock is not just about possible recent haze episodes that people may speculate up the price of this stock. In fact, ever since Medtecs International became a multi-bagger due to Covid-19 backdrop, I have noted that the factor of haze or not ratcheting the price of this stock is no longer a factor or important factor.
At the current price of $0.955, Medtecs International stock is now trading at more than 50% lower than its 52-week high of $1.98 reached in Aug 2020.However, Medtecs International stock price is still almost 17 times its 52-week low price of $0.055.
If you ask me, it would seem to me that masks and other personal protection equipment (PPE) are becoming like commodities in this new normal and the barrier of entry to this business does not seem high. Hence, the catalyst and sustainability factor for a company in such commodities business will always be to maintain low costs and to be a leader in this field.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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