KLSE (MYR): PHARMA (7081)
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salman
1,581 posts
Posted by salman > 2021-01-28 11:42 | Report Abuse
Kenanga Research cautioned that it is also unclear at this stage as to the financial impact of the agreement on Pharmaniaga, as no guidance was given in terms of pricing and margins, and the government will likely want to see the Covid-19 vaccine delivered in the most competitive manner as possible.
The research unit also highlighted that profit before tax margin for the logistics and distribution segment (of which the distribution of the vaccine is expected to fall under) is razor-thin, averaging at 0.5% over the past 20 quarters.