Posted by Yu_and_Mee > 2018-06-10 21:20 | Report Abuse

tomorrow limit down?

Posted by Shahrizal Bin Ibrahim > 2018-06-10 22:17 | Report Abuse

another case of myeg

Posted by relaks > 2018-06-10 22:25 | Report Abuse

Big pharma very good profit wan... huge margin... markup lagi 3x = sangat tamak

Posted by cheoky > 2018-06-11 10:16 | Report Abuse

Join the boat lo. Since u think margin so fat

Posted by Hafid > 2018-06-11 16:59 | Report Abuse

Down again. But at slow momentum

Posted by geraldt9 > 2018-06-12 14:48 | Report Abuse

hope not like other BN cronies counters..

Posted by ppginvest > 2018-06-13 22:17 | Report Abuse

this counter at RM4 level all bankers already cabut... now just like MYEG before it's current recovery/uptrend mode(it's due to bankers are back to MYEG)

Posted by ppginvest > 2018-06-13 22:22 | Report Abuse

still falling knife, wait until it's reach bottom (no one would know this at the moment)

Posted by jibbie > 2018-06-13 22:47 | Report Abuse

pharmaniaga monopoly the medicine supply. i think the gov will end their monopoly soon

https://www.worldofbuzz.com/govt-urged-to-end-pharmaniagas-monopoly-in-public-healthcare-to-reduce-prices-of-meds/

Posted by trulyinvest > 2018-06-13 22:55 | Report Abuse

Beter dun touch bn counter. The drop wil be very severe

Posted by shpg22 > 2018-06-13 22:58 | Report Abuse

https://www.thestar.com.my/news/nation/2018/06/13/multi-billion-ringgit-expose-of-medicine-monopoly-involving-politicians-senior-officials/

Posted by ks5S > 2018-06-13 23:06 | Report Abuse

Tomorrow crash again.

Posted by trulyinvest > 2018-06-14 00:10 | Report Abuse

Might drop below rm2

Posted by Unfair > 2018-06-14 05:02 | Report Abuse

Multi-billion ringgit expose of medicine monopoly involving politicians, senior officials
Read more at https://www.thestar.com.my/news/nation/2018/06/13/multi-billion-ringgit-expose-of-medicine-monopoly-involving-politicians-senior-officials/#VHbwObi21tRfKv87.99

Posted by Hafid > 2018-06-18 07:08 | Report Abuse

Will drop to below 2.00

Posted by Valuespec > 2018-06-18 13:43 | Report Abuse

From my experience working in purchasing department in government hospital, there are 2 purchasing system for medicine;

1. Approved Product Purchase List, APPL (concessionaire to Pharmaniaga)

2. Open tender (Through Bumi Agent as middle person) (https://www.thestar.com.my/news/nation/2018/06/13/multi-billion-ringgit-expose-of-medicine-monopoly-involving-politicians-senior-officials/#VHbwObi21tRfKv87.99).
This system is for the purchase of items not being supplied by Pharmaniaga, usually for those patented expensive & imported medicine, yet rarely be used for treatment. In fact, this practice of supplied via bumi agent begun since 1990's.
So basically this issue has nothing to do with Pharmaniaga, The market was just exaggerated & over reacted.


As for APPL, honestly, Pharmaniaga does providing a fantastic job from sourcing, stocking & delivering medicine to 149 public hospital and over 2880 clinics around Malaysia (though its not 100% perfect).

This is not an easy task as most of the clinic are actually located in suburban and rural area (especially those in sabah & sarawak), where delivery of the ordered medicine to those clinic is never been an easy task without a proper delivery channel, transportation network and inventory management system PHIS (Pharmacy Information System developed by Pharmaniaga, for use in public hospital & clinic)

Bear in mind the transportation and inventory control of medicine is not the same and definitely not as easy as ordinary stuff as most of the medicine are heat sensitive which require special packaging & cold chain protection.

This logistic segment require a lot of huge capex and its profit is not as lucrative as people might think of. That is probably the reason why other pharmaceutical distributor like DKSH & Zuellig Pharma (two of the major pharmaceutical product player in local market) had actually disposed off their logistic business segment few years back and outsource the delivery segment to other transportation company. However, the quality control on delivery of special item especially the medicine would probably be compromised as it is out of reach of their control.
Whilst, Pharmaniaga stock up & deliver everything through their own logistic chain for a better control of the quality.

Should the current government is to decide to terminate the concessionaire with Pharmaniaga (last till end of 2019), its definitely not easy for other pharmaceutical company to get the bid via tender as not many company are capable or willing to provide the same supply chain from sourcing, stocking & delivering to all public hospital & clinic, as it require very huge capital to develop the supply chain.

That the reason why the APPL usually last for 10 years as to be fair to the company to get back the capital invested. Though general public might think of monopoly and corruption etc etc, especially Pharmaniaga is a GLC linked to Boustead Holding Berhad. (Just like the case of Astro monoply for pay-TV).

In fact the Malaysian Pharmaceutical Society did appreciate Pharmaniaga for their effort and contribution over the 10 years.
( Having said that, we should also recognise the contribution of Pharmaniaga as they not only supply medicine, but also provide pharmacy information system for MOH and ensure pharmaceuticals are available across the country, Malaysian Pharmaceutical Society’s president said.)

Also, Pharmaniaga only supply pharmaceutical product mainly medicines to public healthcare setting, worth around RM1.36 billion yearly in total. (Make sense in comparing to Pharmaniaga quarterly & yearly revenue).

Pharmaniaga does not supply other non-pharmaceutical product like surgical and disposal items (mask, glove, needles etc etc). Over all which roughly make up to total of RM 4billion.
Hope this explain the reason behind the issue by YB Tony Pua found that the Gov is paying RM4.1 bil.


Btw, at current price of RM3.37, Pharmaniaga give a decent dividend yield of 5.6%, attractive among other local pharmaceutical player.

Posted by Hafid > 2018-06-21 20:46 | Report Abuse

Good to enter

Posted by Hafid > 2018-06-22 15:42 | Report Abuse

CIMB Equities Research has upgraded Pharmanianga from Reduce to Hold with a target price of RM4.60 as the recent underperformance of share price in june 2018.
CIMB Research also noted that Pharmaniaga’s management stated that it is in the process of finalising the extension of its concession agreement with the MOH, which is due to expire by 2019.

“The group is confident of obtaining a 10-year extension, given its proven track record and extensive L&D network. The extension would be positive for earnings as it would lengthen the amortisation period for the Pharmacy Information System (PhIS) from four years to 14 years, which would lead to lower annual amortisation costs.

Pharmaniaga is looking to expand its product portfolio by introducing 250 new products over the next 10 years. Although the research house believes that it is unlikely to reach this target in the slated time frame, it concurs that product launches are essential to support earnings growth for the manufacturing segment.

Posted by GCHSP > 2018-06-22 16:52 | Report Abuse

Hafid, the analysis you quoted predates the ongoing monopoly and tender agent controversy in drug procurement. It should be updated to reflect the current status. I do not expect the concession with MOH to be renewed in totality (certainly less than 10 years). It will probably be fewer drugs (much less than 700 drugs). This will definitely affect their revenue stream.

Posted by Sebastian Sted Power > 2018-06-22 17:07 | Report Abuse

https://youtu.be/RnOmGcCVnvA

Obviously we can guess which companies lo. Hahahaha

Posted by Hafid > 2018-06-23 14:29 | Report Abuse

i will say ccm bio, pharma and other unlisted co. see on monday come down to 2.05

Posted by Hafid > 2018-06-23 14:31 | Report Abuse

for pharma i do not thing is involve.

Posted by jibbie > 2018-06-25 13:57 | Report Abuse

so, now lodin confess that he is involved in 1mdb scandal. but he's just a small fry. small fry still a fry! pharmaniaga sure drop even further when he's proven guilty

https://klse.i3investor.com/blogs/bfm_podcast/162520.jsp

Posted by alpacino > 2018-06-25 15:33 | Report Abuse

@Valuespec. They also maintain 3 months of essential drugs for national emergency stockpile.

Posted by alpacino > 2018-06-25 15:40 | Report Abuse

Very few know Pharmaniaga keeps drugs & med disposables for use during national disasters or war.

Posted by alpacino > 2018-06-25 15:43 | Report Abuse

No reason why govt should not extend the concession as they are doing an amazing job. Politics aside.

Posted by bone > 2018-06-25 16:08 | Report Abuse

Let's see how low can pharma go

Posted by Hafid > 2018-06-25 23:06 | Report Abuse

Wait for 2.05

Posted by Kawkaw > 2018-06-26 00:08 | Report Abuse

Phar...critical already..runn...take 2 table before lunch..n..take 2 sfter super..

Posted by Hafid > 2018-06-26 18:55 | Report Abuse

Goverment will not let down pharmaniaga due to LTAT interest.

Posted by GCHSP > 2018-06-26 19:17 | Report Abuse

Keep telling yourself that Hafid. LTAT should have sold instead of acquiring more stake. They are going to have either a much reduced concessionaire or drastically changed arrangement. But no more exclusive.

Posted by Henry John > 2018-06-27 10:40 | Report Abuse

Most importantly Pharmaniaga has a proper n working model of efficient system...now more on market n here say sentiments

Posted by Hafid > 2018-06-27 13:23 | Report Abuse

Pharma, ahealth, hovid.

Posted by Hafid > 2018-06-27 13:38 | Report Abuse

If nothing is going t Asian teen Theo

Posted by Ravichandran Govin > 2018-06-28 10:31 | Report Abuse

Sell fast guys, the company had been linked to graft and corrupt practices which is under SPRM investigation. This ex Umno bureaucrats company is falling apart due to the elimination of monopoly by new PH govt. They sell higher to govt to govt based on comparison with Guardian Pharmacy and Caring Pharmacy price. Screwed up, these umno buggers corupt the BN govt fr Rm4.5 billion consession but finally cought and shares expected to reach 1.10 by 1weeks.

Posted by Ravichandran Govin > 2018-06-28 10:34 | Report Abuse

Another BN company should close up soon most of its activities and businesses in Msia, their 23% market share in Indonesia drug industry is also being reviewed , scrutiny is on the verge of destruction

Posted by Hafid > 2018-06-28 15:29 | Report Abuse

you sell than i buy

Posted by Bryanlau > 2018-06-29 18:18 | Report Abuse

Funny day.

Posted by Murtadza Abu Bakar > 2018-07-03 17:02 | Report Abuse

Govin if the price does not reach 1.10 in 1 week time, can you please PLEASE let me cut both of your balls an make it into kebabs? What an idiotic arguments.

Posted by Learner One > 2018-07-03 17:32 | Report Abuse

Buy b4 shoot.

Posted by jibbie > 2018-07-04 10:24 | Report Abuse

no volume. if buy kena trapped

Posted by Hafid > 2018-07-16 19:12 | Report Abuse

Today got volume

Posted by jibbie > 2018-07-17 14:36 | Report Abuse

this one quiet quiet go up

Posted by Learner One > 2018-07-18 13:12 | Report Abuse

Got vol. Sell. No vol. Buy.
Ystdy good 2 sell.

Posted by cheoky > 2018-07-22 20:39 | Report Abuse

thxs valuespec for the insight

Posted by alpacino > 2018-08-06 16:41 | Report Abuse

Health Ministry maintains Pharmaniaga’s supply contract - https://themalaysianreserve.com/2018/08/06/health-ministry-maintains-pharmaniagas-supply-contract/

Posted by alpacino > 2018-08-07 12:11 | Report Abuse

With this news yesterday -Just a matter of time price will be RM4 as prior to election.

Posted by Maurice1688 > 2018-08-17 13:00 | Report Abuse

very surprising qr

Posted by kkaixuan > 2018-08-17 13:36 | Report Abuse

dont understand why so high amount of tax....

Posted by kkaixuan > 2018-08-17 13:37 | Report Abuse

otherwise qr will be very good