Hong Leong lowers Caring Pharmacy earnings projections
- 6 years ago
Hong Leong Investment Bank (HLIB) had revised down its earnings projections by 12 per cent for caring pharmacy group due to the higher expenses expected from the group's aggressive expansion plan.
The investment bank said operating expenses are expected to remain high over the medium term, in view of the group's outlet expansion plans, targeting to open 12 to 15 new outlets per annum.
The investment bank said operating expenses are expected to remain high over the medium term, in view of the group's outlet expansion plans, targeting to open 12 to 15 new outlets per annum.