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  mk00001 Pharmaniaga Bhd confirms today that it has secured a five-year extension for the provision of logistics and distribution services to the Ministry of Health, to end on Dec 31, 2024. 19/11/2019 10:28 AM hawhaw with 5 year extension for logistic and distribution, price shall back to normal at least 2.5 19/11/2019 2:29 PM RainT so what is the rubbish that the health minister announce before this ? annouce no more extension , then now exten 5 years please la, if not yet final dont make any annoucement why until now PH still cann learn the lesson? after annouce no more extend, and now say will exten due to cannot find other to replace PHARMA which is good the why at the 1st place annouce say no more exten playing flip flop 19/11/2019 2:58 PM T800Terminator Extend contract but was the gov slash their contract price? Will their revenue drop?hmmmm 19/11/2019 11:30 PM kalofarmako https://klse.i3investor.com/blogs/MYpharmaceuticalnews/238123.jsp Govt extends Pharmaniaga services for medicines, medical supplies 20/11/2019 12:00 PM  Ckk2266 http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207123&name=EA_FR_ATTACHMENTS 20/11/2019 1:42 PM kariwong9394 No hope already... unless you are long long term investor......bye bye 20/11/2019 1:44 PM Wirajati I am a long term , please sell. A non recurring charges of some tens of millions. Cash flow still positive, please sell... 20/11/2019 2:25 PM Wirajati Charges has no cash flow impact, like depreciations...worry? I am not, good opportunity to collect maybe my wish come true...rm2....or lower. 20/11/2019 2:29 PM 8888_ Who goreng dare admit? Beside Pharma which company announce today QR dare answer? 20/11/2019 2:45 PM MCA_ 2.2 stubbornly you have answer? QR like non-event. memorylane thats the disadvantage of thin profit margin... 20/11/2019 2:59 PM 20/11/2019 3:08 PM Sebastian Power monopoly also no profts margin? If open tender then just close shop better 20/11/2019 3:46 PM patrick2 i afraid this non recurring charges is not time bis, may be there are some more in the future...anybody got any ideas how much more need to charge off?? 20/11/2019 3:55 PM Wirajati Because pharma charges lowest, think you can find another to compete, an entry barrier? Hihi, they already explain...the charges is on amortization of system (accounting treatment), there is more to come. This is a narrative i usually observe to tone down the sentiment. Like tm case, losses after impairment, but cash flow still good. And it climbs back some of the lost ground.You worry? I am not. 20/11/2019 4:04 PM patrick2 yes, u are right, not affecting cash flow.. but more to come means profit affected in the coming time...and perhaps dividend also affected 20/11/2019 4:11 PM patrick2 first, why need to amortise the system? is it due to no more concession as per previous contract?? 20/11/2019 4:18 PM Wirajati Dont worry there was never a single year without dividends even withsome lost quarters, this one just reduce accounting profit 20/11/2019 4:24 PM Titan Meaning 4Q result will be worst than this? Company gives head up to investor???....good management. "In the final quarter of the year, the Group foresee further impact on earnings due to higher amortization." 20/11/2019 4:25 PM Wirajati Good. The game they played is to push one particular shareholder out (you know who). 20/11/2019 4:31 PM noah There will be more amortizatuon coming as the PHIS system is a part of the concession contract. So if the concession were to put under open tender, so do the PHIS system. If the system can't perform then it will be subject to change if other vendor are able to offer a better system at an affordable price. Try ask any PHIS system users in the gov sector their comment on this system.. 20/11/2019 6:31 PM pang72 My sifu Facebook live called buy... If you buy, you trap... If you sell, you are smart!! 20/11/2019 7:11 PM RainT Amortise is similar like deprection , the concept is the same . just the name is different depreciation is for fixed assets, tangible assets (which we can see) amortise is for software, system, rights that all this cannot be touch or see so when PHARMA make a system , then start to use it, it need to be amortise throughout the period is like this system also contribute to small part of the comapany sales 21/11/2019 2:20 PM noah goodwill 131m, software 18.5m, rights to supply 209m total amounting 400.9m "The carrying amounts of goodwill allocated to the Group’s cash-generating units (“CGUs”) The recoverable amounts of the CGUs are determined based on value-in-use (“VIU”) calculations. Cash flows are derived from financial budgets approved by the Directors covering a range of five-year period to ten-year period that reflects the product lifecycle. The projections reflect management’s expectation of sales volume growth and product margins for the CGUs based on current assessment of market share and expectations of market growth and the continuity of the concession agreement with the government." The key assumptions used in the value-in-use calculations are set out below: • Business analysis – The cash-generating unit makes assumptions about the demand for these new products under development in the market place and the continuity of the concession agreement with the government. These assumptions are used to drive the planning assumptions for sales volume taking into consideration the projected timing for development, testing, registration and commercialisation using a projected long-term average growth rate of 3% to 5% (2017: 3% to 5%) per annum. • Discount rate – In measuring the recoverable amount based on the value-in-use calculations, discount rate of 11.60% (2017: 9.46%) per annum has been applied. The discount rate reflects the prevailing market rate applicable to the industry adjusted for the risk of the assets. 21/11/2019 7:47 PM noah so you know what comes next in the event the concession agreement is not being renewed. 21/11/2019 7:49 PM patrick2 from your analysis, so how much more amortisation need to be charge off?? 22/11/2019 12:28 AM noah ''Due to the shorter than expected contract period awarded to Pharmaniaga of only five-year, we estimate that the amortisation rate of PHIS will doubled to about RM10.0m quarterly and RM40.0m annually for the next five years from 4QFY19 onwards.'' Based on IB analyst. 22/11/2019 7:31 AM kalofarmako Now that govt is removing concession, its a smart move for Pharmaniaga to focus on diversifying 22/11/2019 11:10 AM  |
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