PublicInvest Research

TECHNICAL BUY: ACO (0218)

PublicInvest
Publish date: Mon, 13 Jul 2020, 10:10 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Description

ACO Group is a distributor of electrical products and accessories specialising in cables, wires and accessories; electrical distribution, protection and control devices; and electrical appliances and accessories. Other products include water plumbing materials, power tools and accessories, as well as CCTV and alarm systems.

Fundamentals

ACO and Prima Nexus S/B will work together to distribute the Covid-19 Antibody Rapid Test Kit (ARTK) which have been approved by the Ministry of Health Malaysia, within Malaysia. ACO looks forward to establish a productive business relationship with Prima Nexus S/B and will explore new business avenues that leverage on both companies' strengths, riding on ACO's large distribution network and Prima Nexus S/B's strong knowledge in the medical industry.

Source: PublicInvest Research - 13 Jul 2020

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