hope new support forming at 0.32 ... previous one was 0.28 ... slowly push up few cents weekly ... 17-Mar careplus was 0.15 low .. few months later > 5.40 ... YEAH!
How does small cap company and startup able to secure such contracts from govt? 2.1B is the selling price from Bioalpha, their revenue is much magnified. These company is single shareholder.
AGM owner must answer this questions. Feel like fishy water is boiling.
William is a self made entrepreneur. He started the Co from the ground up. In his expansion plans many years ago, he already said China would be one of the export markets. The other was Indonesia. So this contract was probably something the Co has been working on for a while.
Of course we need to do our homework. But it's also good to know the history of the Co. This is not an overnight story.
Don't forget substantial shareholders are Msian GICs (PNB & MTDC). MTDC has been an early stage investor in the Co (long before IPO).
Also don't forget the Co has halal certification for its products. Potential markets such as the Middle East could be huge. Some things take time.
If you get a chance, have a chat with William. He may change your mind about the Co.
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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....
jupiter
1,518 posts
Posted by jupiter > 2020-08-05 15:09 | Report Abuse
no power