KUALA LUMPUR: An extension to Pharmaniaga Bhd
's concession agreement with the Health Ministry (MoH) would stimulate buying interest in the counter as it provides earnings visibility over the longer term, says Hong Leong Investment Bank (HLIB) Research.
The pharmaceutical group announced in a bourse filing yesterday that its subsidiary, Pharmaniaga Logistics Sdn Bhd, had received a conditional letter for the continuation of medical supply to MoH facilities for 10 years, subject to both parties' agreement on terms and conditions.
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