KUALA LUMPUR: AmInvestment Research is positive on Pecca Group’s plan to acquire a 51% equity interest in Rentas Health, a private company involved primarily in the supply of personal protection equipment (PPE) and medical equipment) for RM100mil.
“Based on our estimates, the acquisition would enhance Pecca’s FY22F EPS by about 40% underpinned by Rentas Health’s additional business which would come from the distribution and selling of PPE and medical equipment,” it said.
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