Caring Pharmacy (Bursa: CARING MK) is the top 3 community pharmacy operator in Malaysia with an estimated 4% nationwide market share (over 11% in KL), behind Guardian (4.8%) and Cosway (6.4%). Founded by 5 pharmacists, Caring has established its first outlet in Taman Muda, Cheras, Kuala Lumpur, in 1994 and has 85 outlets, out of which 59 are partially-owned in a unique JV system to incentivize and motivate pharmacists to be entrepreneurs running the place with an owners’ mindset.

What Makes It a Wide-Moat Business?

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