Dear readers, l asked readers last Sunday (28 Feb 21) on whether the seemingly hazy skies surrounding Singapore may push up Medtecs International stock higher this week since the stock price of this stock has rallied before due to speculation on reports of Singapore skies becoming more hazy. Yesterday, Medtecs International went south by 9.09% to $1 as the company announced its financial results.
The financial results were really quite decent and hence it did not explain Medtecs stock heading south. What I believe could be investors buying in lead-up to results and selling on news.
Or could it be due to the reports that the hazy skies in recent days were not caused by haze but by ozone instead? I found the forecast of the next two weeks for Singapore below.
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