Posted by Magic_Eye > 2013-07-17 12:01 | Report Abuse

anytime; i was hoping the price can test 4.9 today

Posted by Abudance > 2013-07-19 15:21 | Report Abuse

Magic eye... Pharma now 4.86! I'm hoping it move like Ahealth. 2 days 15 sens and touch and pass rm5! It's been surprisingly slow. Hope now its turn to uptrend!

Posted by elvin88 > 2013-07-19 17:21 | Report Abuse

It will going up trend...

Pharmaniaga - Glocalization
Author: kltrader | Publish date: Tue, 21 May 13:38



--------------------------------------------------------------------------------

Highlights
Announced the proposal to expand its pharmaceutical manufacturing arm to Kingdom of Saudi Arabia through JV with Modern Healthcare Solutions Co. Ltd. (Modern).

Headquartered in Ridyadh, Modern supplies healthcare products and services, engages in the retail business of medical equipment and accessories, imports / exports of products and marketing on behalf of third parties. Modern is exclusively owned by HRH Prince Turki bin Abdulrahman bin Abdulaziz and Engr. Abdulaziz F. AlHamwah.

Each will have equal equity interest in share capital of the Riyadh-based JV entity, namely Modern-Pharma Co. Ltd. with initial duration of 15 years effective from the date of its corporate registration.

The plant will be located in Sudair Economic City to produce, market and supply healthcare products and services in and to Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, Turkey and UAE.

Leveraging on Modern’s reputation and network, the firm expects to penetrate and capture the rapidly growing markets as part of the strategies to accelerate its growth. Also, the JV may offer opportunity for Pharmaniaga to gain a foothold in those markets which have attractive economic and demographic fundamentals in the mid to long term.

Risks: Regulatory (medical healthcare insurance policies and reimbursement schemes), social (labor disputes), political (civil unrest), economic, competition and FOREX.

In a separate filing, the ex-dates for both corporate exercises (share split and bonus issue) have been set on 31st May.

Financial Impact
50% stake will cost SAR500k (RM402k) which may be easily funded by internally generated funds.

Comments
While anticipating the conclusion of Indonesian acquisition, we welcome this development positively with little surprise as it managed to materialize the Memorandum of Collaboration which dated since Oct 2011.

Middle Eastern and African healthcare markets are poised to undergo a bullish growth along with economy. For example, Frost & Sullivan estimated Saudi Arabia’s healthcare expenditure to reach USD36.9bn in 2015 on the back of CAGR of 8.1% while UAE’s to reach USD21.3bn in 2016 at a CAGR of 15.2% between 2011 and 2016.

Catalysts
Gaining market share in non-concession and private sectors, synergistic benefits from acquisition, favorable FOREX, continuous effective operational strategy.

Risks
Political / regulatory / competitive / FOREX risks, failure / delay in drug delivery under CA, compliance to production standards / contamination and drug patent disputes.

Forecasts
Unchanged.

Rating
BUY, TP: RM10.92

•Positives - Synergy from acquisition, quarterly dividend, secured business outlook thanks to CA.
•Negatives - FOREX, high level of stock and gearing.
Valuation
•We reiterate our BUY call on the stock on the back of unaltered TP of RM10.92 based on 12.5x FY14 P/E multiple.

Source: Hong Leong Investment Bank Research - 21 May 2013

Posted by Magic_Eye > 2013-07-22 07:40 | Report Abuse

true Abundance..Alvin88; no big news or any new information sofar today@this month & price at very nice level; this week can positively go well

Posted by elvin88 > 2013-07-22 07:44 | Report Abuse

Yes, this week can going well of it. Next month the financial result also coming soon. Should be all right, i've confidant of this counter, although this counter is aggressive counter.

Posted by Abudance > 2013-07-22 12:04 | Report Abuse

Pharma was aggressive before ex. Now ex so slow ... Can't even hit rm5 like Ahealth. So sad lah. Saudi JV as today no news. 10 days more to end month. Hope they resolve and sign agreement soon!

Posted by Magic_Eye > 2013-07-26 11:50 | Report Abuse

I heard from lowyat forum;
https://forum.lowyat.net/topic/2857583/all

I think the price won't go for RM6-RM10; because if i'm right..Pharmaniaga mngmnt refuse their stocks hovering at that price; i heard they do stocks split abiut 2:1 on May 2013 (the reason behind sharp price drop from RM10 to RM4++ today); If I'm not mistaken

Posted by Davison > 2013-07-30 11:22 | Report Abuse

why keep on dropping ?

Posted by Abudance > 2013-07-30 17:38 | Report Abuse

Looks like their JV with Saudi Arabia Alston, URGENT. Name: Saw Hong Chan/IC: 010807140487/ Company: Global Transit (HSE/03266745/66). Child at Gleneagles now but it shows card expired?? Pls advice. Thanks agree. Suppose to have been signed by end July.

Posted by mlyuki > 2013-07-31 18:43 | Report Abuse

anybody knows why pharma drop so much?

Posted by Hk Wong > 2013-08-02 06:57 | Report Abuse

Up again to 4.79

Posted by kenken85 > 2013-08-02 09:45 | Report Abuse

this is an unpredictable counter. BUt i will hold it for long term. =)

Posted by Liau San > 2013-08-02 13:49 | Report Abuse

So do l !

Posted by Abudance > 2013-08-05 13:37 | Report Abuse

Already August and no news a out JV with Saudi Arabia. Looks like deal fell apart. Sigh .... No excitement to go up ... Sleeping Besuty waiting for Prince Charming to awaken her!

Posted by alpacino > 2013-08-05 15:33 | Report Abuse

You must keep long term - RM10 and above not a problem.

Posted by sabmong > 2013-08-05 15:44 | Report Abuse

Agreed fully with Alpacino. No doubt about Pharmaniaga hitting RM10 in the long term. I had been keeping it for the past 10yrs with very good dividend every year since. Real pity for those who play contra....

Posted by Abudance > 2013-08-05 19:32 | Report Abuse

It used to be an s five counter ... Now.. It hardly moves... And it goes south of the border! Wish it eill at least hit rm5 for duit raya

Posted by trump2013 > 2013-08-12 10:06 | Report Abuse

wait for Quarterly Report..dividend??

Posted by Davison > 2013-08-12 11:15 | Report Abuse

I am waiting for that

Posted by Abudance > 2013-08-16 14:14 | Report Abuse

Today announced dividend 3.41 sen....

Posted by Abudance > 2013-08-16 16:56 | Report Abuse

Report card out ... Loses ... :(

Posted by hw0706 > 2013-08-19 09:11 | Report Abuse

will go down

Posted by trump2013 > 2013-08-19 15:57 | Report Abuse

hong leong upgrades pharmaniaga TP to rm5.32 reiterates buy...

Posted by Liau San > 2013-08-19 17:37 | Report Abuse

Hong Leong upgrade pharma before or after quarterly report?

Posted by kenken85 > 2013-08-19 19:50 | Report Abuse

after the report...

Posted by LIAU SAN > 2013-08-20 00:37 | Report Abuse

Tq. And what's the reasonable buying in price for pharmaniaga ?

Posted by Micheal Teo > 2013-08-20 06:07 | Report Abuse

Pharmaniaga is a medical drugs or medicine manufacturer. It's sure profits if it supply medicine to hospitals both private n govt. Prospects for long term look bright.

Posted by kenken85 > 2013-08-20 11:11 | Report Abuse

agreed with micheal. I can see my clinic most of the drug is from pharma. my pharmacyst said only those medication that is not produced by pharma can bought from other company. Otherwise pharma is the medicine provider for malaysia with contract

Posted by mmtalents > 2013-08-20 11:15 | Report Abuse

folks, all govt hosp and clinics has to get the medicine from pharma either manufactured by them or not, they are the "middle-man", that's how they make their money, get from supplier A, mark up, sell to govt hosp on marked up price.

Posted by hw0706 > 2013-08-20 19:32 | Report Abuse

21 May 2013 - Research BY HLB
Price Target: RM10.92 ()
Ex-Price Target: RM4.96
Share Price: RM9.11 (Ex – RM4.14)

Posted by sabmong > 2013-08-21 10:48 | Report Abuse

agreed with mmtalents. that's their modus operandi & yet can pittance dividend of 3.41 sen. To me they are too good in $ management whereby leakages is plentiful & with poor investment especially in their injectable plant project.

Posted by mmtalents > 2013-08-21 12:22 | Report Abuse

govt backed GLC, no worry

Posted by Abudance > 2013-08-21 12:35 | Report Abuse

He0706, the price target you quoted was before they did the bonus issue. So, its deceptive to a newbie to think their target price is rm11. Doesn't mean GLC is ok. Look at MAS loses for donkey years except time of I dried Jala. He did such a good job that PM Najib got him in to his dept!

Posted by hw0706 > 2013-08-22 21:02 | Report Abuse

market is choppy. so watchout. i already cash out a lot.

Posted by Abudance > 2013-08-29 01:55 | Report Abuse

Yes. Dropped a lot and poor results this year!

Posted by Hk Wong > 2013-08-29 05:49 | Report Abuse

Better sell than keep. Market will go down Either down Nov or down after 6 months later

Posted by madguy > 2013-08-29 14:22 | Report Abuse

wong why say so ..?? btw i consider to buy lol ..

damn i missed out the price below 4.10... ... :(

Posted by madguy > 2013-08-29 14:23 | Report Abuse

and if manage to buy decided to hold for two weeks or one month.. :)

Posted by Abudance > 2013-08-29 14:42 | Report Abuse

No play by fund managers after the split. Quite stagnant. To keep for 2-4 weeks with fed reserves announcing hoe much tapering may be unwise decision. My 2 sens. I'm stuck at 4.70 after split

Posted by madguy > 2013-08-29 15:10 | Report Abuse

meaning Federal Reserve ??
i heard that news too

share split need sure need to sell edi... just b4 or after..

Posted by Abudance > 2013-09-01 02:17 | Report Abuse

EPF ... When are u going to support this govt linked company. Huh?

Posted by nicole76 > 2013-09-06 15:22 | Report Abuse

going up trend again...

Posted by kenken85 > 2013-09-06 16:29 | Report Abuse

any good news? long time no see this le.. hopefully it can keep going.. =)

Posted by jvhuat99 > 2013-09-06 16:35 | Report Abuse

what happen up suddenly ?

Posted by nicole76 > 2013-09-09 10:12 | Report Abuse

Those who miss the chance to buy now will have to wait again because this is going up again above 4.60 to 4.80.. :) Good luck.

Posted by Liau San > 2013-09-11 10:34 | Report Abuse

Nicole76 : What's good news about pharma ? You can know the share price will be up 4.60 to 4.80 ?Today already reach 4.60 and above !

Posted by honkl > 2013-09-11 12:25 | Report Abuse

I noticed the share price shoot up with very low volume. Does it means that somebody is accumulating for the next hike?

Posted by Abudance > 2013-09-11 13:29 | Report Abuse

Ole, ole, ole,... Pharma going up, Nicole!

Posted by Abudance > 2013-09-12 09:26 | Report Abuse

Nicole, so Chun your prediction to go up 4.80 to day! Do you know what's going on? Thanks!

Posted by Abudance > 2013-09-12 10:08 | Report Abuse

Nicole, any good news shy its going up?