PETALING JAYA: UMediC Group Bhd
’s outlook in the near term is expected to be impacted, among others, by the ringgit’s strength against the US dollar.
Hong Leong Investment Bank Research (HLIB Research) said going forward, it believes the sales volume of respiratory products within the group’s manufacturing division would be supported by global healthcare megatrends, particularly the growing ageing population.
That said, it noted this positive outlook would be impacted by the ringgit’s strength against the US dollar.
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