Vaccine is coming but for now Anthony Fauci, the top U.S. infectious diseases expert is pushing and testing the antibodies.
“Antibodies can block infectivity. That is a fact,” Regeneron Pharmaceuticals executive Christos Kyratsous told Reuters.
So pharma can benefit from the antibody and later on vaccine for indonesia and malaysia market. Those that have glove stock must have this stock to hedge the glove incase sudden drop due to vaccine news and this will rise and already slowly rising, IB wont let you buy cheap as we are closer to antibodies and vaccine.
Why Duopharma price dropped? Dp sales is mostly to public and less to gomen. It mfg facility only ready by end 2021 so how to do covid medicine?
Possible news leaked that revenue from medicine suffered while supplement for immunization improved but how much margin can vitamin C compensate for poor medicine sales.
EPF selling alot last few days so possibly EPF knows the Q2 report. Monday not going to be good.
The MD interview and on this link said medicine revenue suffered during MCO.
Otoh... Pharmaniaga has been quiet. It had taken down all share disposal and acquisition filing on Bursa since last two Fridays..and why no new filing on disposal and acquisition as that is mandatory. So it's either institutional funds haven't been selling or private funds have been collecting since the turnover is about 1/8 of Duopharma due to smaller shares issued and even much smaller free float.
Pharmaniaga supplies mainly to gomen hospitals and got at least 32 and hundreds of KKM. During MCO, public hospitals and KKM busy with covid so medicine revenue was very good. Excellent EPS can be expected for Q2 by Pharmaniaga.
One can never be sure but I would expect the FBM KLCI to regain the 1,600-level next week on a favourable trade talk outcome between the two economic powerhouses,” Innes said, adding the stable and stronger ringgit would appeal to foreign investors to invest especially in health-related stocks
Pharmaniaga, which has warehousing and logistics facilities, is the biggest Bumiputera tender agent in the country with exclusive concession to supply 700 items in the Approved Product Purchase List (APPL) comprising medicines and other medical items, determined by MOH, to government hospitals, institutions, and clinics. This comprises over a third of the government’s drug supply.
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James89
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Posted by James89 > 2020-08-08 11:24 | Report Abuse
Gloves demand will still be there even when vaccine is out but to maintain the current projection PE with same ASP till 2021 is something to ponder.