Bursa Malaysia Stock Watch
Pharmaniaga buy good for Boustead: ECM
kltrader
Publish date: Mon, 14 Jun 2010, 04:04 PM
kltrader
0 20,414
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
ECM Libra Investment Research has described Boustead Holdings Bhd's acqusition of Pharmaniaga Bhd as good for the company's business.
'Albeit, not as profitable as palm oil plantations, the business still holds long-term potential and the concession agreement will provide recurring income,' it said in a research note today.
Pharmaniaga is essentially the sole concessionaire for the supply of pharmaceuticals to government hospitals.
On Friday, Boustead proposed the acquisition of UEM Group's 86.81 per cent stake in Pharmaniaga for RM534 million which translated into RM5.75 per share.
'We see it as good business to expand into given its inelastic demand and hence defensive nature,' said ECM Libra Investment Research. -- Bernama
'Albeit, not as profitable as palm oil plantations, the business still holds long-term potential and the concession agreement will provide recurring income,' it said in a research note today.
Pharmaniaga is essentially the sole concessionaire for the supply of pharmaceuticals to government hospitals.
On Friday, Boustead proposed the acquisition of UEM Group's 86.81 per cent stake in Pharmaniaga for RM534 million which translated into RM5.75 per share.
'We see it as good business to expand into given its inelastic demand and hence defensive nature,' said ECM Libra Investment Research. -- Bernama
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
Good Articles to Share
3
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
TA Sector Research
6
7
PublicInvest Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
