KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Add call for Duopharma Biotech with an unchanged target price of RM1.56, which is pegged to its five-year historical mean of 16 times 2020F P/E).
It said on Friday Duopharma is optimistic the Ministry of Health (MOH) drug procurement contract will be extended beyond 2019F, thus ensuring steady public sector contribution.
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