HoHoHo: Time for Ho to take an aspirin?

In April last year that Bayer,  aspirin-to-crop chemicals group, sold 3.6 per cent stake to Temasek for 3 billion euros at 96.77 euros per share. Now worth only 60-something euros a share: not even 65.

Bayer faces problems over legal liabilities stemming from last year’s $63bn acquisition of Monsanto, which included weedkiller products that two US courts have since ruled caused cancer.

FT reports

Any settlement worth about €5bn — still the base case for many analysts who follow Bayer — could be absorbed by the German group without jeopardising its credit rating. Should the cost spiral to €20bn, however, Bayer’s leverage could rise to a level where a cut to the group’s “Baa1” credit rating was necessary, and even a “Baa2” rating could look stretched. Such a scenario could leave the company’s rating just two notches above junk status.

But as aspirin is not available here, maybe she’s have to settle for paracetamol, only 1.5 cents a pill, thanks to SingHealth. (Wannbabe MP doesn’t know paracetamol available here: Need Paracetamol? Ask SingHealth)

Btw, “abc” any idea why Bayer isn’t bringing in aspirin into S’pore? Informal govt ban? It’s easily available in M’sia and Indonesia (place where Bayer makes its aspirin).

 

 


Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

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8 Responses to “HoHoHo: Time for Ho to take an aspirin?”

  • N.Jungne:

    Medisave top up, can relax.

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  • rukidding:

    Ho Jinx will say this is “Fake news” !

    Don’t worry,…”trust” them,…”they” have it all “covered” !

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  • LIONS:

    GUESS they are high on *drug$*?

    they all seem to grope around unsteadily except WHEN COUNTING $$$???

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  • Protecting GSK?:

    Panadol (paracetamol) is very expensive in Singapore. Why? No enough competition. Was there a deal done with GSK (who makes Panadol) to keep its competitors out of Singapore in exchange for GSK setting up offices in Singapore. GSK likely also got tax breaks. Singaporeans got screwed having to pay a high price for Panadol and GSK does not pay taxes in Singapore on the profit it makes selling drugs to Singaporeans.

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  • HarderTruths:

    If other countries in Asia can produce panadol’s non-branded generic equivalent, then why should $G always have to go for the expensive branded variety?

    Reason – it’s a marketing scam. Drugs mean money. Branded drugs are expensive.

    It is not illegal to make generic drugs. But it is also not profitable.

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  • Asd:

    Was it ever in manifesto to take people’s and go gamble ?

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  • MarBowling:

    HoHoHoLee Jinx to Mai Hum: once again, I have dug another Deep, Big and Smelly ShitHolee!

    I don’t care how you do it to fill or cover it up, otherwise NO Tongkat Ali for you!

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  • In case of bad headaches...:

    Ho needs to buy her paracetamol
    (and other over-the-counter pills) from Mustafa Center. It’s cheaper there in Little India than all her MOH pharmacies.

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