Title 3rd Quarter Analysis Report of Domesco Medical Import & Export Jsc.,
Report Type Phân tích công ty
Source HSC
Detail Date : 08/12/2008
Total pages : 8
Language : English
File Type : .PDF
FileSize : 896 Kb
Download: 35
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Short Content
DMC is likely to fall below sales target this year but we expect it to meet or come close to reaching profit targets. Gross margins have improved dramatically as a spike in raw material prices forced the company to cut output of low market products. A better product mix has led to higher gross margins but some of this benefit has been offset by forex losses, losses on equity sales and higher interest rate charge. In-house medicine is growing well however and this is likely to continue in FY2009 aided by lower input costs. However the lack of new capacity is a long term worry. Valuations seem reasonable for the sector as they trade a t a substantial discount to peers.