M+ Online
12th July 2022

Stock Digest - UMediC Group Bhd - Integrated Healthcare Supply Chain Player

Local integrated healthcare supply chain player that markets and distributes their products offering to over 400 customers across more than 30 countries worldwide and is embarking into expansion of new factory building. We project core earnings to grow from stronger sales in medical devices, particularly ventilators, patient monitors, defibrillators and ultrasound machines, in line with the upgrade of healthcare facilities in both public and private hospitals. UMC is valued by pegging its FY23f core EPS of 2.2 sen to PE of 17.0x, leading to a FV of RM0.38.

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