Initiating Coverage of Sinopharm with Narrow Moat Rating, FVE of HKD 36 Per Share
We initiate coverage of Sinopharm Group Co (H) (1099 HK) with a narrow moat rating and a fair value estimate of HKD 36 per share, implying a 2018...
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China Drug Distribution: More "Two Invoice" Changes
The restructuring of China's drug distribution industry continues with Baiyunshan Phrmcl Hldgs Co Ltd (874 HK)'s pending buyout of Walgreens Boots...
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Walgreens Invests in Sinopharm Retail Arm
Walgreens Boots Alliance Inc (WBA US) has agreed to buy a 40% stake in Sinopharm Group Co H (1099 HK) 's Guoda Drug Store chain (held by...
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Shanghai Pharma Gets Cardinal Health Deal
Shanghai Pharmaceuticals H (2607 HK) has agreed to acquire Cardinal Health Inc (CAH US) 's China distribution business for US$1.2 billion (subject...
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Deceleration Likely Driving Cardinal Valuation
One of the questions posed during the discussion of Cardinal Health Inc (CAH US) 's plan to sell its China drug distribution business was the...
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