Dear readers, today marks another milestone for Singapore’s Covid-19 battle as rules on mask wearing is further relaxed.
With effect from today, wearing of masks is only mandatory during public transport and in healthcare settings.
This revised rule on mask wearing today has me recall one Singapore stock.
Yes, one Singapore stock that is synonymous with masks and this Singapore stock is none other than Medtecs International stock.
Medtecs International stock was, in my recollection, a sleepy stock pre-Covid-19 days and the stock only was actively traded or of interest whenever there were haze-related episodes.
But when Covid-19 hit the world, Medtecs International stock soared as the demand for surgical masks multiplied. Not just soar, but Medtecs International stock became a multi-bagger stock as its stock price rose from some $0.05 in Jan 2020 to as high as $1.85 in Aug 2020 or a 37-times bagger.
Those were the hey-days for Medtecs International stock. As at 26 Aug 2022, Medtecs International stock traded at $0.17 per share.
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