Company Background
Apex Healthcare (Apex), founded by Mr. Kee Tah Peng @ Hee Teck Peng, started as a retail pharmacy outlet called Apex Pharmacy Pte Ltd in Melaka in the early 1960s. By 1966, the company had expanded to become the first pharmacy chain in Malaysia with the opening of a second outlet in Kuching, Sarawak. In 1998, Apex Healthcare Berhad (ApexH) was established in Malaysia as a public company under the Companies Act, 1965, and was listed on the Second board in 2000 before moving to the main board in 2003. Today, Apex is an integrated pharmaceutical company with operating subsidiaries in Malaysia and Singapore, as well as offices in Vietnam and Myanmar. The company has evolved into a vertically integrated pharmaceutical group in Malaysia, with involvement in manufacturing, marketing, distribution, and retailing of pharmaceutical products.
Straits Apex as one Apex’s earnings generator
Apex Healthcare acquired a 40% share in Strait Apex Sdn Bhd, a contract manufacturer of orthopaedic devices located in Penang, in 2013. Straits Apex Sdn Bhd produces high-quality orthopaedic devices, components, and surgical instruments for leading orthopaedic companies. Note that, Straits Apex growth trajectory is supported by orders from both new and existing multinational customers. It is worth to note that its production space was expanded by 30% during the 4Q22 with commercial production expected in first quarter of 2023 after the production equipment has been validated.
Source: BIMB Securities Research - 30 Mar 2023
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Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 09, 2024
Created by kltrader | Aug 09, 2024