Research Reports

An OTC healthcare distributor

Source: Kingworld medicine

Kingworld Medicines is a distributor of branded imported pharmaceutical,healthcare products and nutritional supplement in China,which are mostly OTC products.Its flagship sales from Nin Jiom Pei Pa Koa achieved +20% YOY growth in 1HFY11,accounting for about 76% of tatal revenue.The company has over 60 imported healthcare products currently,and is expanding in the future. Kingworld was ranked 66th among top 100 PRC importers of pharma & healthcare products in 2010.The recent launch of the new wound plaster product,with Walt Disney design will be a potentical catalyst for the stock.