u mean Bioalpha is penny stock??

ACE Market firm Bioalpha Holdings Bhd, which is targeting a Main Board listing, is counting on its exclusive tie-up with national cooperative organisation Angkasa to propel its domestic earnings in the coming years alongside the positive breakthroughs that it has made in overseas markets.

Reflecting its outsized ambitions for a small cap company, Bioalpha has already established a diverse set of businesses in the span of two years since its 2015 listing. Among others, the company co-manages the Constant chain of pharmacies, distributes its own brand of healthcare products, and cultivates its own plants for extraction purposes.

In an interview, Bioalpha’s managing director William Hon Tian Kok highlighted its business partnership with Angkasa as a fruitful and highly rewarding. The Angkasa counts a whopping 12,000 co-operatives as members with a total client base of eight million. The biggest co-operatives under this umbrella include the Royal Malaysia Police co-operative, Koperasi Permodalan Felda (KPF), and Koperasi Petronas (Kopetro).

“Our focus is on Constant. We aim to have 30 outlets by year-end from 15 currently and the greater number of outlets will bring better turnover. The next opening will be in Kota Bharu and Desa Jerteh in Terengganu,” he said.

The company has moved away from the saturated Klang Valley pharmacy chain market and into other states. The concentration of civil servants and enforcement officers in areas outside Klang Valley is among the prime targets for Bioalpha’s businesses thanks to the access provided by Angkasa.

Bioalpha and Angkasa’s 70:30 joint venture company, Alphacare Sdn Bhd, is involved in the management of Constant Pharmacies. The cost of opening the outlets is borne by franchisees while Alphacare charges a fixed management fee from each outlet’s gross income.

“This joint venture gives us access to Angkasa members all over the country. We have already rolled out a loyalty programme to recruit them as our pharmacy members,” he said.

The members are eligible to purchase the products either at a special price or through a financing scheme arranged by some of the co-operatives which is paid for via monthly wage deductions, Hon explained.

This seems to have played a part in spurring the group’s domestic sales. Inclusive of the earnings of its pharmacy operations, Bioalpha’s domestic revenue base grew by 250% to RM21.21mil in its financial year ended Dec 31, 2016 (FY16) from just RM6.26mil a year ago.

Its latest venture is the creation of a franchise business via a virtual pharmacy called e-Constant which will also be managed by Alphacare. It lets customers purchase Bioalpha’s products online and register as referral agents, through which they will be rewarded with cash points for each successful referral sale. The points can then be used for their next purchase of products.

In a recent note, CIMB Research cited the arrangement as a win-win deal for Bioalpha and Angkasa. Co-operative members are able to build individual businesses via referrals, while at the same time Bioalpha gets to boost its pharmaceutical and home brand sales, it said. The research house, which currently has not imputed the potential earnings from e-Constant, has a target price of 37 sen for Bioalpha’s shares.

The company can count on a solid revenue mix to insulate it from potential downturns in the domestic market. Overseas earnings currently contribute about 45% to the group’s revenue base. Hon expects the revenue mix to be closer to 50:50 by year-end.

While the “China angle” is an often-cited catalyst among small cap firms in Bursa Malaysia, Bioalpha has distinguished itself with real and tangible earnings contribution from the world’s most populous nation. In fact, revenue from China now accounts for nearly a third of the company’s revenue base as at FY16.

“Our customers in China re-sell our products the conventional way, that it through outlets and online marketplaces. If you browse through listing on Chinese sites like Tmall and Taobao, you will see a lot of Malaysian healthcare products for sale. It is a big growth market,” he said,

Elsewhere, the group currently sells seven products in Indonesia and hopes to get another six approved by regulators by this year. By having its own factory in Pekan, Riau province, Bioalpha is able to expedite the approval process for its products compared to importing it from Malaysia, Hon said.

It may come as a surprise that the company’s shares have actually underperformed the broader market’s recent advance. Despite its 30% advance year to date, the stock is is down slightly on a year-on-year basis. In comparison, the FBM KLCI Small Cap Index has advanced % to date.

There is also the matter of the group’s high earnings multiple which may put off some investors. It currently carries a price earnings ratio of 20 times according to Bloomberg data, though the figure could also represent investors’ enthusiam over its consistently high profit

http://www.klsescreener.com/v2/news/view/221819

Son is over value la.. need wait mother move first.

market now is slow. If u confidence with this stock. u may try it.

“We aim to make an application to be transferred (to the Main Board) once we meet all the requirements. We hope to make the announcement soon in the next few months,” he said.



Wow wow .... cheer all....... no regret to invest here.. let us see together how this company grow.. will hold tight tight

but today I got go in some 0.035 to average my cost

that day I go in at 0.04... sad....

this morning I get it 0.255.. just sad cant get 0.25... keep on accumulate. I really will keep this stock for very very long term.

I go in AT WB at 0.04.. do you guy think the price still can go up further?

yes top up.......

Private placement will impact share price to down??

hit me 0.26 tml hahaha

top up 0.265

Shit move up........ hahah.....not yet hit me 265.... but if go up also ok... will top again........

very less people sold only... I still queue it..

or 0.265

but look like support level now is 0.26...

Previous already in 275 and 270

confidence this stock will up, when time coming

I queue 265, 260, 255, 250, 245 ^_^

good future.. will keep for very very long term

please hit me at 0.265.. keep on accumulate.

Join here... just go in today

Facing selling pressure and clear out a lot contra player today. Price still manages to close at 0.445. Not bad actually.

oil price is coming back...

Active 1st hour. now silent back. hope afternoon got show

look like will open at high price

BAGHDAD: Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday.

Compliance with the deal agreed by OPEC and non-OPEC producers at the end of last year to cut supply is "encouraging", Barkindo told an energy conference in Baghdad.

General compliance with supply cuts by the oil producers was 86 percent in January and 94 percent in February, he said.

"The focus is now to rebalance the market," he added.

OPEC ministers will meet in May to decide whether or not to extend the oil supply curbs beyond June.

Barkindo described as "very constructive" meetings he had on Saturday with Prime Minister Haider al-Abadi and other Iraqi leaders in Baghdad.

He saluted Iraq's "flexibility" in the talks that helped bring about an agreement between the Organization of Petroleum Exporting Countries and non-member oil producers.

Iraq is OPEC's second-largest producer, after Saudi Arabia. - Reuters

I believed if oil price sustain this level. And acquisition going to announce.. Price will recover very soon.

I believe is during mid of Feb. Why u not average when price drop?

rig count look like not much impact to oil price right now. Ytd after announced of rug count increase, oil price I started falling. But after 15 minute later, is recover back. Look like oil price now more stable. Is good news to hibiscs.

So what u all think about Monday movement for Hibiscs??

Energy Stocks Lead U.S. Broad Market Higher As Oil Prices Rise.....

Next Monday will turn to our Bursa...

I dunno where u get 52.83.. But anyhow oil price up is a good news to us

Nicky yes. Is up 53.70. U may refer to the link. Increase by 1%.

https://m.investing.com/commodities/brent-oil

No matter how dnex is still a very good counter for long term. But look at right now price will remain at 0.4. Probably if still can't move up, price will further press down to 0.35 level due to short-term investor will look at other counter n move out from here. But will move up again at low price. Most the share when go up to certain level, buying interest is less, sure will have correction. Do not chase high.

Brent oil price up 1% close at 53.70..monday hibiscs another big run.

Oil price is stable and not much movement.. All looking for rig count result to night. If result is reduce.. Oil price has possibility to shoot up to usd54.

Oil price start moving up.. if able to hit usd54.. Monday have good show again. hope u guys can stay together here with TP 0.50, next TP0.55.. acquisition success TP1.00

cheer......

oil price start moving up again

contra player coming. let clear contra player first...

445 wahahahahaha

44 clear hahahahahhahahaha

wow.... 435 clear.. hahahahahaha.. huat ah

Hibiscs always show fast moving when opening.. after that will no power at all..

Good move for oil price to night. Should can gain back more investor confidence.

Be patient.... Good day for tml.