SINGAPORE (June 23): CGS-CIMB Research is rating the medical equipment and services industry “overweight” amid the Covid-19 pandemic.

In a Monday report, lead analyst Ong Khang Chuen says, “As the world grapples with Covid-19, it faces a new normal until an effective and widely-available vaccine or treatment is developed, in our view. Even as nations emerge from Covid-19 lockdown, we believe there is still a need for more testing kits and personal protection equipment (PPE) to ensure a safe reopening.”

According to studies by the World Health Organization (WHO), people with coronavirus are most infectious at the point when they first begin to feel unwell, which has made it particularly challenging to control the spread of the disease.

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