KUALA LUMPUR (Oct 4): Bioalpha Holdings Bhd has set up a new research and development (R&D) centre in Hong Kong to localise its nutritional and healthcare products in the Chinese market.
In a filing with Bursa Malaysia, Bioalpha said it has set up a new wholly-owned subsidiary in Hong Kong, BioAlpha (HK) Ltd, with an issued share capital of HK$2 million.
The subsidiary will principally carry on business related to its nutritional and health supplement products, in areas of R&D, manufacture, import, export, distribution and trade.
Bioalpha managing director William Hon said the move bodes well for the group as it opens up opportunities for its penetration into the Hong Kong market.
"The group will leverage on the new centre to develop new products and formulations localised for the Hong Kong and Chinese market,” he said.
The plan is for Bioalpha HK to carry out R&D activities in Hong Kong Science Park, in line with statutory body Hong Kong Science and Technology Parks Corp's tech-based initiatives in the region.
“Looking ahead, we are definitely aiming to spread our wings further in the region,” said Hon.
Shares in Bioalpha closed 0.5 sen or 1.96% higher at 26 sen on the ACE market, giving the company a market capitalistion of RM210.12 million. Year to date, the stock has climbed 26.83%.
Sure they will focus fully on China market because the Chinese is well knowned for snapping up crazily for everything. Bird nest is one of them and other herbs as well.
Applying same 30% YoY increase: Y2017 estimates = 11,476 EPS = 1.42, multiply with current PE = 26.85, share price could go up to 0.38 ?? (similar to CIMB Analyst TP)
Surya which is 1 of the brand under bioalpha have another 2 new product They having booth at sunway velocity those free can go have some product testing
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 894 views | 6 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
xiaoxiami
331 posts
Posted by xiaoxiami > 2017-10-04 19:41 | Report Abuse
Bioalpha penetrate hk marker