KUALA LUMPUR (May 20): CIMB IB Research has maintained its “Add” rating on Bioalpha Holdings Bhd at 39 sen, with an unchanged target price of 65 sen and said it expects Bioalpha to report 1Q16 net profit of between RM100,000 and RM500,00.
In a note May 19, the research house said 1Q is seasonally the weakest quarter of the year, while 4Q is seasonally the strongest, mainly due to festive seasons.
“1Q16 revenue is expected to be higher than 1Q15, mainly due to consolidation of the Constant Pharmacy Group acquired in end-2015.
“Indonesia looks bullish, in view of the expected launch of 20 products in 2017, compared to only 10 products this year. Remains an Add, one of our top consumer smallcap picks,” it said.
At 10.36am, Bioalpha rose 1.28% or half a sen to 39.5 sen, with 2.47 million shares traded.
100000 RM/500000000 units is 0.002 cents per share only or 50000 RM/5000000000 units is 0.001 cents per share only. Not good result as our Company had done extra second private placement to get some cash in for operation cost other than the first private placement for expansion. That means the real income could be negative, incurred a loss in actual term.
A lot of insiders. Check Gtronics, Taann (through RHB) all got insiders told the results in advance so that major fund managers sell like hell before QR is out.
Hope tomorrow QR (check since listing, date 26 or 27th are dates for QR announcement for 3 Q already) will be out if not next Monday. Otherwise, it means Company tries to hold result to release after AGM which is not a good sign.
I mailed and called the IR the other day to ask when the first quarter report is available, but they did not reply to the email nor phone calls. A little bit disappointment.
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shortinvestor77
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Posted by shortinvestor77 > 2016-05-17 20:46 | Report Abuse
Mr. Market may not think it your way, especially when QR is not satisfactory.