UG Healthcare: CIMB today released an unrated report on UG Healthcare.
It specializes in producing natural latex and nitrile examination gloves since 1989. With an expanding production capacity and extensive distribution network, it is poised to capitalise on the growing healthcare awareness and new health threats globally.
Management guided that FY6/15 results may be slightly impacts by one-off listing expenses, but earnings should rebound significantly in FY16 on the back of capacity expansion and favourable industry outlook.
MERS outbreak in the region is a potential short-term catalyst while key risks are increasing competition and rising costs of raw materials.
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