As at end-June, Bioalpha’s balance sheet was RM7.7m net cash, or one sen net cash per share. We expect the cash will be used as working capital for launching new products in its three main markets this year and also for replanting cost for its herbal plantation in Pasir Raja. Expecting another round of private placement for another cash call.
xiaoxiami, good point. Q3 results will be good. Local buyers & Pharmacies will buy in August and load up stocks without SST. Than Q4 sales might be effected, unless export market can grow substantially.
since good result cant make the share price up, then i guess within 1month still can maintain 2.65+ but more than 1 month will back to 2.55(+-). but anyway i will top up when back to lower volume.
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