$TJ DaRenTang USD (T14.SG)$ TJ exceeded its tp of USD1.91. T...

TJ exceeded its tp of USD1.91.

Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited produces and sells traditional Chinese medicine, western medicine, health products, and healthcare instruments. The Company also manufactures gene-related biopharmaceutical products. Tianjin Pharmaceutical markets its products under the Great Wall, Cypress, and Health brand names. The Group's businesses cover a wide range of products including Chinese patent medicine, Chinese medicinal drinks, Chinese medicinal raw materials, biotechnology medicine, chemical raw material medicine and preparations, and nutritional and health products. It has over 800 medicinal products in over 20 types of formulations.

The reopening of its economy has resulted in huge excess demand for medical supplies. In fact, most pharmaceutical stores have been wiped clean of Covid-related medical supplies by Chinese residents in most provinces. The company which produces such medicinal products is an excellent buy in China's current environment. This overdemand means that these pharmaceutical companies can potentially ramp up capacity in the near term.