Tuesday, March 20, 2012

Pharmaniaga plans expansion in Mideast, South-East Asia

Malaysia’s largest homegrown pharmaceutical group, Pharmaniaga plans to expand its market in the Middle East and South-East Asia, particularly Saudi Arabia, Indonesia, Myanmar and Vietnam. Chairman Tan Sri Lodin Wok Kamaruddin said the company was looking for growth opportunities in these countries, including through M&As.

1) Pharmaniaga is one of subsidary under Boustead Holdings Berhad. This will grow the Pharmaceutical division in Boustead for coming years.
2) Currently, we rated BUY for Boustead.

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