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Pharmaniaga: investors should not buy it - Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 23 Jul 2020, 11:52 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

The price chart shows that it has shot up from Rm 2.80 to Rm 5.28 in the last 3 trading days, an increase of Rm 2.48. In its latest quarter ending 31 March 2020 the company only made EPS of 8.57 sen. Last year the company lost 57.18 sen per share.

Many stupid investors chase to buy it aggressively in anticipation of the discovery of a vaccine to prevent coronavirus. Many scientists said that it will take 12-18 months to make sure that the vaccine can really work on human. In any case, Pharmaniaga is only an agent to sell medicine and not an inventor of a vaccine.     

 

 

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