Bioalpha Holdings Bhd (+ve)
HEALTH supplements manufacturer Bioalpha (fundamental: N/A, valuation: N/A) saw its shares rise 2.86% or one sen to close at 36 sen yesterday, with 17.51 million shares traded. Listed on the ACE market in April last year, Bioalpha is 26.4%-owned by founder and managing director William Hon and 40.3%-owned by the Ministry of Finance.
For 2015, revenue increased 9.6% year-on-year to RM29.7 million, while core pre-tax profit (excluding listing expenses of RM2.4 million) jumped 42.3% to RM9.7 million. The company attributed the improved performance to its successful launch of its herbal products in China, which helped to offset a 55% drop in domestic sales.
Bioalpha has completed the land clearing of 123.5 acres in Pasir Raja, Terengganu and commenced the farming and harvesting of herbal plants. Moving forward, it is acquiring a pharmacy chain and launching an e-commerce business to boost its domestic sales.
Indonesia became its largest market in 2015, contributing almost half of its total revenue, followed by China (28%) and Malaysia (21%).
BIOHLDG (0179) - Stock With Momentum: Bioalpha Holdings
http://www.theedgemarkets.com/my/article/stock-momentum-bioalpha-holdings-0?type=Stock%20with%20Momentum
