“We continue to like Duopharma for its: a) leading position as a local producer but with ample areas of growth, particularly in the prescription market; b) efforts to realise regional ambitions with strategic tie-ups that grant exclusive rights to sell niche drugs to the Asean region; and c) robust earnings growth. Duopharma offers decent 13.4% three-year earnings CAGR in 2019-22, ” it said.