Caring Pharmacy Attracts Interest

The Morning Run crew gives you their take on today's business headlines:

01:24 - Vehicle sales are expected to rebound this year. The Malaysian Automotive Association expects TIV or Total Industry Volume to hit 619,000 in 2018. As these TIV projections are subject to revisions as the year progresses, what are the key risks to 2018's forecast?

09:22 - Caring Pharmacy Group, the local pharmaceutical retail chain, is said to have attracted the interest of a South Korean foreign equity firm. Interestingly, Caring's stock price last week moved quite a bit - 9% in just a few days - from its opening of RM1.99 on Dec 26 to its 3 year high RM2.17 on Dec 28. It then fell to RM2.13 on Dec 29. Caring's shares have been on an uptrend in 2017 rising from RM1.33 on Jan 4 last year to hit RM2.17 on Dec 28.