$Pfizer(PFE)$ $Medtecs Intl(546.SI)$ Over the 18 , 19 May weekend, MOH announced to postpone non-critical surgeries in Govt hospitals. More than 80% of ppl not updated with the vaccination regime hence the resurgence.
This means that backend they are finding hard to manage ICU and hospital beds again with the 100% surge in covid related illnesses. My doctor and nurse friends are all complaining and struggling to keep up with the demands and shift work.
Demand for Medical supplies should continue to rise in coming time, at least in SEA regions where humidity and temperatures are high, excellent breeding conditions for airborne disease.
Pfizer is definitely much undervalued currently and have much room to surge in proportion to the hospital bed demands.
Current ongoing wars around the world also causing many medical stockpiles to drop to low levels.
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