Short Position - Cashing in on Covid-19

In February, MyEG Services Bhd said it had developed an artificial intelligence-based coronavirus risk-profiling solution for Chinese visitors. This was followed by the company’s involvement in Covid-19 rapid test kits in March.

Cashing in on Covid-19

FROM selling Covid-19 test kits to claims of building hospital beds and personal protective equipment (PPE), a flurry of listed companies seem to be keen on jumping on the bandwagon of the coronavirus pandemic.

Taking advantage of the shortage and growing demand for such products, companies that have never been in the healthcare segment are also getting into that business.