Today's AGM visit is Pharmaniaga, a pharmaceutical company listed on Bursa Malaysia. A lot of the medicine you see at hospitals and medical clinics take their medicine/drugs from this company.
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| Dato Farshila Emran, Managing Director |
Years ago people say drug/medical supplies companies are recession proof. So far Pharmaniaga is still a profit making company, deriving majority of its profits from government hospital contracts. There were concerns after general election 2018, government might remove these exclusive concession agreements. Therefore the share price of this stock still wobbling slightly above 52-week low of RM2.30.
The managing director speaks like she means business, so I think probably the company will do well in the future. Currently it relies too much on government contracts from MOH (Ministry of Health)
The company's majority shareholder is the arm forces fund LTAT (Lembaga Tabung Angkatan Tentera) which also owns all the Boustead group of company assets like Royal Chulan Damansara. One of the door gifts were Royal Chulan Damansara voucher.
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| RM40 Voucher for use at Royal Chulan Damansara, Ikea there |
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Pharmaniaga AGM Door Gifts 
Seats quite empty, lots of steas around.
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