Ever wonder why there are still lots of buy/sell queue during the eventful crash in stock markets? Once you understand that, it's easier to manage your emotions!
Bloody hell, how could William sell his shares at 0.2. They should probe this company for manifesting the stock price. Another 18% plunge from my previous post. This stock would definitely go till RM 0.05, if top glove can go lowest low. Just looking forward to the RM 0.01 soon.
BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR "THE COMPANY") - OFFER AND GRANT OF OPTIONS UNDER SHARE ISSUANCE SCHEME
The details of the Options offered to the eligible persons of the Company are set out as follows:- (a) Date of offer 11 October 2022 (b) Exercise price of options offered RM 0.09 per share (c) Number of Bioalpha options offered 125,000,000 options (d) Closing market price of the Company’s shares on the date of offer RM0.085
(e) Number of Options offered to the Company’s Directors under the SIS
1. Tan Sri Dato’ Dr. Syed Jalaludin Bin Syed Salim – 1,000,000 options 2. Hon Tian Kok @ William – 80,000,000 options 3. Ho Tze Hiung – 8,000,000 options 4. Goh Siow Cheng – 8,000,000 options 5. Mohd Nasir Bin Abdullah – 1,000,000 options 6. Kang Jimmi – 1,000,000 options
I think it has to do with China opening up. The bulk of its revenue comes from China. Hopefully Bio will win more contracts to supply food ingredients. The vaccination rate in China is relatively low so health foods may play an important role in boosting immunity
They have reported NPRA clinical trial approval for a diabetes drug since 2021, but this will take 10 years for the conclusion. Unless there is good news on the progress, it's hard for the price to move in an exponential trajectory.
KUALA LUMPUR (March 31): Health supplement company Bioalpha Holdings Bhd has received approval from China’s local authority to develop a 21-acre Malaysian Agricultural Hub in Hainan.
In a statement on Friday (March 31), the group said the initial phase of the hub will focus on the upstream and downstream activities such as formulation, manufacturing and even commercialisation of functional food products using Malaysian indigenous and tropical herbs.
“Within the hub, the planned development of a research and development facility and factory complex on site can further bolster the group’s formulation and manufacturing activities.
“As announced earlier in July 2022, this endeavour will also allow Bioalpha to be eligible for tax incentives and exemptions offered by the local government,” Bioalpha explained.
Bioalpha managing director William Hon said the hub, which will take three to five years to complete, is expected to contribute positively to the group.
“Having received the approval by the authority for our Master Development Plan, we are now working on the next steps in order to get the project to kick off. As part of our strategic focus to grow our presence in Hainan, we have also established our China headquarters there,” he said.
“Besides our involvement to develop the hub, we also supply health foods to customers in Guizhou, China. Leveraging the group’s infrastructure and resources in China, we have ready capacity and are able to facilitate and expedite orders more efficiently,” Hon added.
Bioalpha has been a loss-making company since the financial year ended Dec 31, 2020 (FY2020).
In FY2022, the group widened its net loss to RM46.7 million from RM1.3 million a year earlier as revenue declined to RM35.8 million from RM96.7 million.
“All in all, we are focused on executing our strategic initiatives in China, particularly in Hainan, to capitalise on arising opportunities. To support our plans, we have expanded our headcount and hired new experienced talents in China to accelerate our expansion,” Hon concluded.
At Friday's noon break, Bioalpha's share price was unchanged at 11.5 sen, with a market value of RM133.36 million.
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Posted by sting79 > 2022-09-05 16:48 | Report Abuse
Ever wonder why there are still lots of buy/sell queue during the eventful crash in stock markets? Once you understand that, it's easier to manage your emotions!