Pharmaniaga Bhd witnessed a 300% spike in orders, largely from hospitals and government clinics after the government announced the firm’s drugs and medical supply concession would end on Nov 30.
Pharmaniaga Bhd confirms today that it has secured a five-year extension for the provision of logistics and distribution services to the Ministry of Health, to end on Dec 31, 2024.
Pharmaniaga is contributing to non-profit research and development organization Drugs for Neglected Diseases initiative (DNDi) to support the registration of a new treatment for those with hepatitis C in Malaysia.
on one hand, CCM is poised to gain from the increased glove demand via the chemical and polymer(more profitable) offerings as they provide products at most parts of the production to glovemakers. On the other hand, the short term outlook for caustic soda prices are not favourable, not helped by COVID-19, which is the main revenue driver for CCM. It needs to fall closer to RM1 for it to have an attractive risk/return profile.
Yes, revenue was affected by low avg selling price of chlor-alkali. With the current Covid-19 outbreak and oil price war, I believe CCM still strong to sustain thru this economic recession. With the improve of low finance and administrative cost, and 111M of cash available, there is no problem for the company to overcome the following recession. Also, polymers segment high probability to contribute a surprise revenue potion in next qr.
haha... james bring shits? Yes, good for accumulate. Many stocks has already recover atleast 80%, CCM is in midst to recover, around 60% now, 20% surging remain for short term.
To chase high you be able to hold. If you're trapped here, they still give you dividends,.Gradually will cut down your investment per unit each time. Next dividends if I'm not mistaken will not less than the past.
Chemicals Division recorded higher volume sold for its key Chlor-alkali products by between 14% to 31% during the period under review. Despite the higher volume sold, revenue decreased by 3.6% due to lower average selling prices of its chlor-alkali products (by up to 28%) on the back of softer prices of the chemical commodity during the period. Consequently, profit before tax reduced to RM26.1 million compared to RM50.6 million in corresponding period last year.
Polymers
Revenue increased by 1.7% as compared to same period last year. The Division’s profit before tax, declined from RM19.2 million to RM17.7m due to additional depreciation pursuant to the commencement of operations from its new building in Bangi, and impairment made on certain receivables identified as doubtful.
Guys just for info purpose...and to Calvin reseach...
Calvin Tan research recommend LUXCHEM, maybe calvin can also look at CCM:
CCM checmical also supply a wide range of products and chemical/polymer to glove manufacturers like LUXCHEM.... and they are increasing capacity.. now it trades at low PE.. and got dividend declared...
Will it be next candidate to go up like LUXCHEM? All the best..
Ref this posting:, in 2020 they increasing capacity for the glove manufacturer demand:
“With a plant situated in close proximity to Pasir Gudang within a duopoly chlor–alkali market, CCM stands to benefit from Rapid’s commissioning. Polymer coating demand is also expected to continue its growth.”
This, the research house said, is based on the long-term growth prospects of the rubber glove manufacturers, with planned capacity expansions of around 50 billion pieces from the existing 200 billion pieces by 2020.
World Class Partner Through our Polymers business, we offer high performance polymer coating solutions and rubber chemicals solutions that enhance the quality of gloves production. We have always been and always be innovating, and we do it to help our customers serve better. Our techno commercial team, work vehemently together with our R&D to create a sustainable portfolio of product offerings, capable of supporting the global rubber glove industry.
Yup... CCM products are used in the glove manufacturing process i.e. on-line polymer (Ayclaron), former cleaner (Kleen) and coagulant powder free (Cyclaron).
Long term client base inclusive of major gloves producers and it is increasing capacity to meet the demand with their plant in pasir gudang..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kalofarmako
154 posts
Posted by kalofarmako > 2019-11-08 10:53 | Report Abuse
Pharmaniaga Bhd witnessed a 300% spike in orders, largely from hospitals and government clinics after the government announced the firm’s drugs and medical supply concession would end on Nov 30.
Check this out!!! https://klse.i3investor.com/blogs/MYpharmaceuticalnews/234455.jsp