Highlights
KLSE: BCMALL (0187)       BCM ALLIANCE BHD ACE : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
0.15   0.00 (0.00%)  0.00 - 0.00  0
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening 28/09/2016 - -
Closing 28/09/2016 - -
Price
Issue Price 0.19 - -
Par Value - - -
Units 421,250,200 - -
No of Shares
Public Issue 84,250,000 - -
Offer for Sale 42,125,000 - -
Private Placement 53,250,000 - -
Time Table
Allotment Date 20/10/2016 - -
Listing Date 24/10/2016 - -
Issuing House TIIH - 668 - -
ISIN Code MYQ0187OO003 - -
Prospectus:
INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING:- (I) PUBLIC ISSUE OF 84,250,000 NEW ORDINARY SHARES OF RM0.05 EACH IN OUR COMPANY (SHARES) ALLOCATED IN THE FOLLOWING MANNER:- (A) 22,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 9,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND (C) 53,250,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 42,125,000 SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN ISSUE/OFFER PRICE OF RM0.19 PER SHARE, PAYABLE IN FULL UPON APPLICATION
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  2 people like this.
 
Dezmond Very low volume...
15/08/2017 12:54
junclj last time this counter chart seems like want to fly but suddenly heading to south. lol really cant catch bankers' mind. 0.165 should be the support line.
17/08/2017 12:30
S12 Last time, there were some people warned on this counter. I guess they are right,
17/08/2017 16:55
lcteh88 Definitely trapped in this counter. It is so quite. Never hear any new proposal in their future plan. Is it about to die ?
23/08/2017 20:32
1774931129203279 Average Price Target: 0.30
Price Target Upside/Downside: +0.125
23/08/2017 20:46
leeboba dear all, i am new in this share.
what is this company doing?
24/08/2017 12:17
1774931129203279 Business Operations
BCM Alliance Berhad (BCM) specialises in the distribution of commercial laundry equipments and medical devices industries in Malaysia.
24/08/2017 12:20
1774931129203279 a) Commercial laundry equipment

BCM, via wholly-owned CS Laundry is involved in the supply, installation, testing and commissioning of these equipment. It also provides after-sales repair and maintenance services. The commercial laundry equipment is used for large volume washing and heavy-duty usage in businesses providing commercial laundry services. Its equipment can be categorised into vended and on-premise commercial laundry equipment. BCM has the ability to provide comprehensive services from conceptualisation of design, supply, installation of a fully-functional laundry facility to after-sales repair and maintenance.

The Group's major products include various types of washers, tumble dryers, dry cleaning machines, flatwork ironers, spotting tables, industrial presses machines and chemical dispensing systems.

It has been appointed as the non-exclusive distributor in the Malaysian market for a total of 10 brands of commercial laundry equipment namely Speed Queen, Huebsch, Lapauw, Maxi, Forenta, Renzacci, Jensen, Senking, Domus and Sea Lion.

Its business relationship with Alliance Laundry is worth highlighting given that Alliance Laundry alone contributed 54.2% of group purchases in FY15. The US-based Alliance Laundry is an international manufacturer of commercial laundry equipment such as Speed Queen and Huebsch. The business relationship with Alliance Laundry dated back to 2001 when CS Laundry was appointed as its nonexclusive distributor for Huebsch and other brands of laundry equipment in Malaysia. Subsequently, a non-exclusive authorised distributorship of Speed Queen brand was secured by CS Laundry in 2013. On 4-Aug-15, CS Laundry was authorised by Alliance Laundry to use Speed Queen brand for setting up Speed Queen self-service laundrette in Malaysia. To further strengthen their business relationship, CS Laundry has been appointed as the sole authorised distributor in Malaysia since 19-Apr-16.

Its first Speed Queen self-service launderette was set up in Taman United, Kuala Lumpur in Sep-15, as part of the marketing strategy to showcase and promote Speed Queen brand of vended commercial laundry equipment. In addition, 4 laundry outlets operated and owned by its customers have also been designed and set up with the Speed Queen store design, floor plan and layout.

b) Medical devices

In the medical devices segment, BCM is involved in the distribution of two product categories namely 1) medical imaging equipment and 2) disinfection, sterilisation and surgical room equipment. Its customers are mainly the healthcare and medical service providers such as medical institutions/centres, physiotherapy centres and dental clinics in Malaysia.

BCM provides integral solutions to customers encompassing design consultancy, supply and installation, testing and commissioning of equipment and the setting-up of a medical imaging room or central sterile supply department, to after-sales repair and maintenance service.

The Group's major products include medical imaging equipment, including MRI systems, CT scanners, digital radiography/fluoroscopy systems, X-Ray systems, bone densitometers and CR systems, and disinfection, sterilization and surgical room equipment.

It’s currently an exclusive distributor of the following international manufacturers/brands in Malaysia:-

Hitachi Medical Systems (S) Ptd Ltd / Hitachi Medical Corporation, a reputable Japanese manufacturer of diagnostic imaging products such as CT and MRI system;
STERIS Corporation (for STERIS and Albert Browne brands), a leading global manufacturer of infection prevention, contamination control, surgical and critical care technologies and products; and
Ziehm Imaging GmbH and Medifa-Hesse GmbH & Co. KG
In addition, it has also been appointed as a non-exclusive distributor for brands such as Trilux Medical, CareStream, Quantum, MinXray, Newmed, Elma and General Electric in Malaysia.
24/08/2017 12:22
1774931129203279 Recent Developments
BCM was listed on the ACE Market of Bursa Securities on 24-Oct-16 at an IPO price of RM0.19/share.
On 10 Nov-16, its 100%-owned Maymedic Technology Sdn. Bhd, entered into a biomedical equipment and maintenance services contract with Quantum Medical Solutions Sdn. Bhd. for RM19.68m. The contract includes the supply, delivery, testing and commissioning of medical support services equipment (biomedical equipment), and comprehensive maintenance service at specified government clinics for the biomedical equipment. The contract service covers a 3 years period from 10-Nov-16 to 10-Nov-19.
24/08/2017 12:25
1774931129203279 Earnings Outlook
The demand drivers for its commercial laundry equipment are explained as below:-
o Increasing popularity and growing demand of self-service laundrettes due to fundamental societal/lifestyle change, urbanisation;

o Commercial appeal driving investment in self-service laundrettes;

o Conversion of traditional laundry service to self-service launderettes;

o Replacement of ageing commercial laundry equipment with eco and energy friendly equipment; and

o Increasing demand from healthcare services and hospitality sectors
24/08/2017 12:26
LEEKS7 looks good QR coming ..
28/08/2017 16:56
S12 Haha
28/08/2017 20:25
Olga HAHA +1
28/08/2017 22:09
1774931129203279 Average Price Target: 0.30
Price Target Upside/Downside: +0.11

Pse be positive ..don't ask me where I get the TP...it coulld be more or less..
as long as the business is there than we shouldn't worry too much.
28/08/2017 22:20
Taico88 QR out.....
29/08/2017 06:33
nellsonspicy honestly the management are seem that abit selfish. with this kind of tough environment they are still increased with the with salary payout to the director. last time there's someone warn that one of the weakness of this share is the director draw too much of money from profit to its salary. with the dropped of revenue and profit, i expect the salary will be cut in order to maintain certain level of profit. But based on their explaination for the dropped of profit. they seems to withdraw more in this tough situation. i totally lost my confident towards the management.
29/08/2017 07:31
jv1758 I think a company like this should be lucky with a +ve EPS. The business growth seems stagnant.
29/08/2017 09:30
rollover Slow and steady growth I think, more branches open, lower average fixed and technician cost, and semi diversified business in equipments.
07/09/2017 15:16
Raja Nor GC Slow & staedyyy
20/09/2017 10:43
Raja Nor GC No movement
25/09/2017 20:44
1774931129203279 Average Price Target: 0.30
Price Target Upside/Downside: +0.125
28/09/2017 23:19
FAIZUN77 pak andak, bila nak sampai 0.30 tu?
12/10/2017 17:46
Dezmond 0.30 !? Kalo sampai 0.20 syukur ketawa lah engkau... :D
16/10/2017 14:03
redzuan Lemahnya...
16/10/2017 23:33
lcteh88 Is it possible to reach RM0.30 ? May be, it will hit 90% of the targeted price and to be RM 0.27, or discount for another 0.05% and let it be 85% of RM0.30 to become RM0.255 ?
17/10/2017 19:44
LEEKS7 very quiet ......
10/11/2017 16:56
viva5216 just wait....im buying at 0.185...hold
11/11/2017 15:26
LEEKS7 Company steady n show abit profit, me goin 20cts n hold more than 2 years .. min price 16.5 n max 23.5 (miss the boat) .. currently quarter result is it better ???
12/11/2017 10:57
st999fc The volume is surging, my remiscer advise me to enter.. their business.model is quite healthy, but whh price not picking up
13/11/2017 10:15
潘国伦 PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS MEDIC SDN BHD FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION")

BCM ALLIANCE BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-10112017-00001
Subject PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS MEDIC SDN BHD FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION")
Description BCM ALLIANCE BERHAD (BCM or the COMPANY)

PROPOSED SUBSCRIPTION OF 2,100,000 NEW ORDINARY SHARES IN CYPRESS MEDIC SDN BHD REPRESENTING 51.03% OF THE ENLARGED SHARE CAPITAL OF CYPRESS MEDIC SDN BHD FOR A CASH CONSIDERATION OF RM1,722,000 ("PROPOSED SUBSCRIPTION")
Query Letter Contents
We refer to your Company’s announcement dated 9 November 2017, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. The original cost of investment by the vendors in Cypress Medic Sdn Bhd ("Cypress") and the date of such investment.

2. Whether the Interested Directors have abstained and will abstain from all deliberations at Board meetings in respect of the Proposed Subscription.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,



TAN YEW ENG
Vice President, Issuers
Listing, Regulation

TYE/NZ

Cc : Market Surveillance Dept. , Securities Commission (via fax)

(The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Company’s announcement made on 9 November 2017 in relation to the Proposed Subscription)

Reference is made to the Company’s announcement made on 9 November 2017.

The Board of Directors of BCM wishes to provide the following additional information:

1. The original cost of investment by the vendors in Cypress Medic Sdn Bhd (“Cypress”) and the date of such investment

Kindly refer to Appendix I attached for further information.

2. Whether the Interested Directors have abstained and will abstain from all deliberation at Board meetings in respect of the Proposed Subscription.

The Interested Directors have abstained and will continue to abstain from deliberating and voting on the Proposed Subscription at the relevant Board meeting.

This announcement is dated 13 November 2017.
13/11/2017 22:02
lcteh88 Good or bad going soon?
14/11/2017 17:17
Titus Kp If the proposal really comes into effect, it will contributes a guarantee amount of at least RM306,180 (based on BCM’s 51.03% equity interest in Cypress after the Proposed Subscription), around 8% of total net earnings based on 2016 figure. Future earnings are expected to improve since cost of sales for its medical devices segments are falling from 2015 to 2016 and is presumed to remain steady for the upcoming years. I personally think that such subscription will help the company to boost its product varieties and therefore gain more customer base and also market shares. Hence, this stock shouldn't be stop at the price of 0.18 but instead, higher level of at least 0.20++.
14/11/2017 22:03
LEEKS7 @Titus Kp .. Good, u r rite !!!
15/11/2017 11:56
st999fc Quarter result just out and it is good, with the new deal, revenue gonna b higher, let take it to 0.2
24/11/2017 19:11
cwkhor commercial laundry equipment business is doing so so, but the medical devices business result is impressive
24/11/2017 19:27
LEEKS7 Good result, but shares not up, YYYYY ??
27/11/2017 15:07
lcteh88 sounds nice only ??? However, it did not drop much. Still maintain above 0.165.
05/12/2017 20:38
LEEKS7 0.16 not much support
12/12/2017 12:36
lcteh88 OMG ! It is sick already.
27/12/2017 17:20
bleuerouge nice chart, double bottom there and strong support at 16c, I'll collect 16c-17c.
04/01/2018 07:41
Bcyh99 Wake up soon after quarter report!
06/02/2018 16:36
lcteh88 dropped again to RM0.155 OMG !!! So far from target price RM0.30 !
12/02/2018 22:18
Ultimateworrior Hee Q4 report out
26/02/2018 22:27
LEEKS7 its profit .. but share price drop ..
27/02/2018 09:15
FAIZUN77 big block at 0.17
27/02/2018 15:06
rylyaoming What wrong with this stock?
12/03/2018 12:15
Pavillion I told already business no good, so so only this kind of business should be at LEAP market only.
12/03/2018 15:41
lcteh88 Totally No volume to day . So quite.
09/04/2018 12:22
lcteh88 Great ! AWEsome ! Keep pushing up !
10/04/2018 18:53
LEEKS7 Wake up please
28/04/2018 11:05


 

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