$MEDTECS INTERNATIONAL CORP LTD(546.SI)$ Update. There is an increasingly tense vaccine supply problem in the West. The protectionism in vaccine would need to be dealt with by the West, if not, it will just prolong the Medtec’s business. There is also a kind of nationalism in vaccines with Germany, US and also the UK about their vaccine’s efficacy. It is not going to help in spreading the vaccine immunization with pride and protectionism.

Nevertheless, new variants such as the South African variant has shown that it can better evade the immunity conferred by the new Western vaccines such as Novavax etc. in terms of its poorer efficacy. Whatever the speed of immunization that happen in Israel, UAE or the UK, they might be reset back to the beginning of 2020 with the new variants (South Africa and potentially more). Besides the potential shortage in vaccine (at least for a few months), there is also the concern on implementation capability of immunization in countries such as Canada. Covid19 should still be around, for some more time.

New vaccine takes a little longer time to develop but the viruses will also mutate again. The following months are looking good for Medtec. Covid19 is hard to get rid of.