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2023-04-19 22:11 | Report Abuse
i would like to comment sikit on the "think tank" comment in FMT link sent by Bob above. Pharma did excellent for the past twenty years to supply medi etc to GH. For the past ten years when it is relist in Bursa, it is profit and gave out good dividend. It incurs heavy lost and supply poor quality equipment happen under the previous president and MD who were appointed during PN regime. We should not condemn and conclude Pharma model is a bad practice for two bad years. What we must look into is the appointment of top gun in GLC. How you appointed a person from Energy sector to manage a pharmaceutical co?
2023-04-19 19:39 | Report Abuse
This is forum where everyone can express pro n con. Prove your point here, not ask other to shut up when some1 is sharing his point of view. We all are adult know how to behave.
2023-04-19 12:11 | Report Abuse
You know who was the president and MD at that time...
2023-04-19 11:11 | Report Abuse
As i had mentioned months b4, extension of contract is the cheapest way of gov bail out. It is just a piece of paper and it could raise market confident on Pharma.
If price keep raising, you may expect right issue. If price keep pressing low, you may expect privation but it is highly unlikely.
2023-04-12 14:54 | Report Abuse
I predict MOH will extend contract for another 2 years to avoid supply interruption to GH. It is also help LTAT to answer pensioned soldiers with a not so bad result. One of the good news is Bstead is near to success to privatization and hence can back Pharma for financing as guarantor without hassle.
2023-04-12 09:49 | Report Abuse
Exactly NTTT。 A contract is valid only if it is practical and executable. In the vaccine case, the ministry who signed the NDA can not overrule cabinet and parliament as well as auditor general. Therefore, it is unable to non-disclosure. It is usually signed to protect agent or broker who earn the commission. So the question is why KJ signed the NDA ? And the vaccine price is not a secret in other countries.
2023-04-06 16:10 | Report Abuse
Tell you a joke.
When PMX met President Xi....
Xi: Bro, I heard that your GLC owe Sinovac 600mil.
PMX: Relax bro...the vaccine still fresh, intact in a tightly seal vial in our state of art warehouse, if you want, anytime you can come to take it back.
Xi: $%^@#$%^&*$%@
Xi: How about MySing bullet train? Got chance or not?
PMX: Sure! U help me, I help U.
Xi: #$%^@&*%^&
Just a joke for those over cooked shareholders.. not a buy or sell call. :)
2023-03-30 12:44 | Report Abuse
Don't worry Bob, PMX is in China now. ^_^
2023-03-30 11:51 | Report Abuse
If you look into Pharma's book, its profit margin not high.
It is also generic medicine producer, a part of MNMP roadmap.
Lastly, many Malaysian mis-concept that trader/dealer/distributor or common name as orang tengah will inflate price. Indeed, in many occasions in many years and many countries, it goes against the presumption.
2023-03-30 11:25 | Report Abuse
Pharma could use factoring facility to buy the medicine. But, if gov end its monopoly now, at this critical moment, Pharma will easily go bankruptcy. Like SNB in Credit Suisse, LTAT investment will turn into wall paper.
2023-03-28 09:49 | Report Abuse
Very interesting thing: How Pharma distribute dividend last Aug and Nov when they pour out 600mil to buy vaccine without selling one? Is it Sinovac giving a 6 months credit term or Pharma stop serving bank loan?
2023-03-23 12:08 | Report Abuse
Well, just 200+ to buy a ticket to AGM, looking forward more XYZ attend and raise question directly to the management. Since some, especially few who worship the previous management has been goreng kontang, now is the time for u to throw the flame to the management and ask them to eat the dust.
2023-03-23 07:55 | Report Abuse
NDA always signed between broker and buyer-seller in international commodity trading.
2023-03-22 17:14 | Report Abuse
Greg Becker, Ex-CEO of Silicon Valley Bank Takes Hawaii Vacation Amidst Financial Fallout.
Where is Pharma Ex-CEO now?
2023-03-21 15:13 | Report Abuse
3.27% as buffer stock is reasonable but Pharmaniaga stock 50% of vaccine population, it is illogical and madness.
2023-03-20 14:19 | Report Abuse
If Pharma cant figure out where goes wrong for this gigantic loss, the history will repeat.
2023-03-17 22:34 | Report Abuse
no matter got cert or not, insulin is always Halal like Covid-19 vaccine. You should ask is default payment is halal or not.
2023-03-17 12:01 | Report Abuse
Pharma RM1bil debt, Bstead RM7.5bil debt, Sapura RM10bil.... If all these GLC fall and all loaners are local banks...hmmmm......storm is brewing.....
2023-03-17 11:31 | Report Abuse
Dont put too much hope on Pharma graft. since the scandal exposed, gov keep low profile on it.
2023-03-16 12:18 | Report Abuse
when banks call: boleh cakap dgn bos?
receptionist: bos xda.
2023-03-15 12:23 | Report Abuse
Ya, SC should look into the fake news since MOU has been ruled in Bursa for a century.
There are still many mys surround the purchase, does any director with accountant background or CFO voice concern on the purchase? Or the BOD and some management were misled or cheated? As a Malaysian, we all want to know!!
2023-03-15 11:51 | Report Abuse
bank refuse to turn short term to long term loan----bank eleek
gov funds refuses to buy RI ----LTAT eleek
gov refuse to take up the vaccine ---no more malaysia pharma will invest in vaccine, Malaysia eleek
All parties will be eleek, see how strong is the next CEO nego skills.
2023-03-15 11:27 | Report Abuse
Bankruptcy protection? Right issue? short term loan change to long term? gov buy the vaccine? M&A ? Sell at RM1 to another GLC ? Borrow money from China? opss..no CEO ,who gonna find the solution?
2023-03-15 09:31 | Report Abuse
Well, If he thinks he has made the correct decision, has nothing to hide, then why shy away from facing the shareholders whom he bravely faced them when he wants to get approval for 1 mil bonus in 2021?
2023-03-14 23:02 | Report Abuse
He was the MD, i think the new BOD purposely made him the CEO to give him a chane to clarify his name in the upcoming AGM. But he winced and ran away.
2023-03-14 21:35 | Report Abuse
short term debt is near to 1bil, either gov bail out or let the bank bail out. Will SVB crisis happen in Malaysia?
2023-03-14 17:47 | Report Abuse
See. I already forecast he will resign b4 AGM two weeks ago.
2023-03-13 16:23 | Report Abuse
Then you will see every quarter come a statement the co is in the mid of regulation its biz Q after Q and then after years, request for extension...
2023-03-10 11:34 | Report Abuse
today Mahiaddin charged with corruption. Pharmaniaga 600mil big purchase also happen during PN regime, will it come out clean?
2023-03-09 16:18 | Report Abuse
Boleh kata foundation yg Pharma build up bertahun-tahun dihancur oleh satu pembelian yg diarah of seorang individual kalau tidak beberapa manuasia.
2023-03-08 17:23 | Report Abuse
LTAT invests a large chunk of fund into BStead group of co. If the big loss from loan guaranteed by Bstead or Affin bank, it will shake the group as well as pencen fund of army. If banks take legal action to takeover the Pharma asset or ask immediate settlement, Pharma will collapse so as affected Hospital logistic and LTAT. The cheapest way and faster way is gov issue long contract for the logistic (as per normal cause of operation) to confident the banks. The rest can take time to solve one by one.
2023-03-08 14:36 | Report Abuse
Seem gov need to issue long contract to Pharma as a back2back guarantee to bank.
2023-03-08 11:02 | Report Abuse
ya...it is rumours from Kajang jail that a middle-east prince (cosplay by Jho Lo) will purchase all leftover vaccine for USD100/vials. Pharma share will soon shot up to RM10. Go buy at RM5 --RM8.. Bstead will happily sell to u.
2023-03-07 14:04 | Report Abuse
i do share the same view of point w Bob's: <Why do they want to be the fall guy? and take the blame? No such free lunch in the world.> . Why do the CEO wants to risk his reputation and take the flame if there were no order nor promise nor remuneration. We can see from the 1MDB trial how the high hierarchy work their way to promise, play of power and mislead experience bank officer, capital market, auditor general etc into believing. Many unanswered myst.
2023-03-07 13:36 | Report Abuse
There are still many mystery required Zul to answer. Is this 14mil vaccines is the stockpile requested by MOH since we heard MOH keep asking ppl to take 3rd n 4th jap. Pharma is to bail out the mistake by KJ. Or Zul simply buy it without a single PO. If the CEO is clean and think he did the right thing, then he should attend coming AGM to answer all question. I bet he will resign before the AGM to avoid answer all those questions.
2023-03-07 13:18 | Report Abuse
either MOH will buy it or Pharmaniaga write it off, Malaysian pay it.
2023-03-07 12:32 | Report Abuse
Who decide and approve the purchase of 14mil doses vaccine last year a few months before election? Pharmaniaga until now did not answer the question!!!!
2023-03-07 12:09 | Report Abuse
Since 40 years of Privatation policy, Malaysia still have many co in the name of GLC. Dulu gov je rugi, now public sama sama tanggung rugi. Only the politicians gain.
2023-03-07 10:09 | Report Abuse
These vaccines expire date was extended by our the then Health ministry led by KJ. The question is: Does Sinovac and WHO acknowledged the extension? Will customer accepted?
2023-03-07 10:02 | Report Abuse
or Pharma is bail out the shit left by PN. Shareholders to pay the price of vaccine. Agents laugh to the bank.
2023-03-07 09:49 | Report Abuse
Yes! Seperate ofpower. BOD should counter check the management decision. If management sit in the board, who gonna check n balance.
2023-03-07 09:44 | Report Abuse
The Board also announced the resignation of Datuk Zulkarnain Md Eusope and Zulkifli
Jafar from the Board. Datuk Zulkarnain and Zulkifli are then redesignated as
Pharmaniaga Chief Executive Officer and Deputy Chief Executive Officer, respectively.
Meanwhile, Mohamed Iqbal Abdul Rahman is redesignated as Chief Operating Officer.
These are aligned with Boustead’s groupwide policy to further encourage transparency,
good corporate governance and separation between the Board and Management. This
policy which is applied in all operating companies within Boustead Group, is in tandem
with the principles under the Malaysian Code on Corporate Governance.
2023-03-03 16:36 | Report Abuse
drop 50%, Pharma needs to up 100% to back to pre-PN17 level.
2023-03-03 15:35 | Report Abuse
the same group of ppl said the same when the price drop below RM1.
2023-03-03 15:00 | Report Abuse
the man causing big loss still counting fat salary every month.
2023-03-03 11:59 | Report Abuse
Sinovac comes in to privatize Pharma with zero cost due to vaccine owing to them, Goose@123 seeing his paper value burn into the air.
Stock: [PHARMA]: PHARMANIAGA BHD
2023-04-19 23:26 | Report Abuse
Who said Malaysia is depending solely on Pharmaniaga? Who said our healthcare is vulnerable because of Pharmaniaga? Only one: Galen Centre amnya and Azrul Mohd Khalib secara khususnya. Do you know who is Galen Centre?