Equity Analysis /
Malaysia

MY : Pharmaniaga Bhd - Received a booster shot in 3Q21

    CGS-CIMB
    21 November 2021
    Published by

    3Q21 core EPS beat on strong Covid-19 vaccine fill-and-finish contribution. 4Q21F core EPS may ease qoq after the peak of the vaccination drive in 3Q. Reiterate Add; TP cut 6% to RM1.00, now based on 19x FY23F P/E.