The pandemic has thrown up a clear list of winners and losers last year.
Sectors that were badly hit included aviation, transport, tourism and hospitality, and companies within these industries were bogged down by plunging demand.
However, the winners included businesses in the medical equipment space, cloud computing companies and online payment outfits.
One of the best-performing stocks in 2020 was Medtecs International Corporation Ltd (SGX: 546).
The manufacturer of personal protective equipment (PPE) saw its share price soar by 2,500% from S$0.04 to S$1.00 last year as demand for its products shot through the roof because of the pandemic.
There is a good reason for that.
The group had reported a five-fold year on year jump in revenue to US$400.3 million and an impressive surge in net profit from just US$1.1 million in 2019 to US$131.7 million in 2020.
In addition, a final dividend of US$0.0418 was also declared....