Top
OUR TOP CALLS
  • Fundamental calls

Trading List (Px at 4 May)

Comtec (0712 HK, HK$4.28)
HL Tech (1087 HK, HK$2.40)
Tongda (0698 HK, HK$0.38)
Ecogreen (2341 HK, HK$2.63)
Solagiga (0757 HK, HK$2.36)

Watch List (4 May 2011)

Fong's (0641 HK, HK$4.98)
Boer Pwr (1685 HK, HK$8.15)
Truly (0732 HK, HK$1.49)
Ming Fai (3828 HK, HK$2.29)
NewOcean (0342 HK, HK$1.54)
Leoch Int'l (0842 HK, HK$3.80)
Costin NM (2228 HK, HK$5.03)

RESEARCH REPORTS
SALES CALLS
  • Trade calls
SEARCH
RECENT ON VAYUE.COM
SPONSORED BY

 

« I.T (999 HK, HK$0.78) – Growth in PRC remains strong | Main | Fufeng (546 HK, HK$2.00, BUY) - Lower costs to fuel earnings growth »
Friday
Jun122009

Mingyuan Medicare (233 HK, HK$1.26)-waiting for consolidation 

DateFriday, June 12, 2009 at 9:32AM

 

Newsflow. MY announced that it has a co-operation agreement with Chinese National Human Genome Center in Shanghai (CHGC) and Shanghai Biochip Co. (SBC) for development and production of diagnositc kits for detecting Influenza A viruses. Two types of diagnostic kits has been developed and are now waiting for SFDA approval.

 

Our view. We think MY has taken good step to diversified to different areas by: 1) acquire 75% of Shanghai Kang Pei for developing Health Check business in China in Jan 2009; 2) acuire 95% of Genetal in May for developing HPV DNA testing kit for cervical cancer in May 2009; 3) co-operate with CHGC and SBC for Influenza A testing kit. However, we think that the new business would not make significant contribution for the company in the short term and MY need time to consolidate the new business as well. The counter is now trading at 22.5x FY12/09F and 19.4x FY12/10F P/E based on market consensus.

 

 

AuthorVAYUE.com Team | CommentPost a Comment | | | Print ArticlePrint Article

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.