Posted by Wong Kah Wei > 2016-10-14 22:50 | Report Abuse

but share price keep dropping!!?

Posted by Yun Lih > 2016-10-15 00:44 | Report Abuse

Keep dropping so?
U not confident then sell lo
I will continue collect :)

Posted by Wong Kah Wei > 2016-10-15 13:11 | Report Abuse

no need wait me sell, pls buy at market still had alot.

Posted by hisehatu > 2016-10-18 14:13 | Report Abuse

Accumulate!

Posted by foolai3092 > 2016-10-18 17:06 | Report Abuse

Good closing.. 0.25

Posted by ktsk88 > 2016-10-19 10:19 | Report Abuse

A good stock similar to HaiO but on smaller scales................time needed for it to flourish and growth.

Posted by bigbigboss > 2016-10-22 19:13 | Report Abuse

sell and waiting right issue come out OR just buy in convert lah .
Free warrant leh

Posted by Simon Boo Eng Tuck > 2016-10-22 22:47 | Report Abuse

Hi

Posted by Simon Boo Eng Tuck > 2016-10-23 11:35 | Report Abuse

Hi

Posted by 6182al > 2016-10-24 00:42 | Report Abuse

another DBE in the making

Posted by Thomaschai82 > 2016-10-24 15:58 | Report Abuse

What is DBE

Posted by Jacky Yip > 2016-10-24 22:38 | Report Abuse

dbe : stock code 7179

Posted by Yun Lih > 2016-10-25 08:12 | Report Abuse

this is earning counter with government support
Compare it with DBE? LOL

Posted by ktsk88 > 2016-10-25 08:46 | Report Abuse

Yes with Govt GLC supports like Permodalan Nasional Berhad (PNB), Malaysia Technology Development Corp Sdn Bhd (MTDc) which both of them holding around 26%.

The MD William is holding another 17.84%.

Don't compare with DBE................difference biz.

Posted by ktsk88 > 2016-10-25 09:04 | Report Abuse

Other stake holders are mostly local fund managers, EPF, Citibank Nominees, JP Morgan etc.

Posted by Subrie > 2016-10-25 10:56 | Report Abuse

DBE poultry. Bio totally different business

Posted by XXXvalue > 2016-10-27 12:37 | Report Abuse

why the need to issue RI?

Posted by alvinchiam > 2016-10-27 13:21 | Report Abuse

buy

Posted by Yun Lih > 2016-10-27 16:47 | Report Abuse

Read newspaper before
RI needed to fund for business expansion
Currently they already use up all fund during listing
They keen to further expand their Indonesia and China market

Posted by victoryck > 2016-10-27 20:20 | Report Abuse

.240 on board today.good luck.

Posted by XXXvalue > 2016-10-28 08:30 | Report Abuse

good if they generate enough profit n use that to expand. Not at the expense of existing shareholders who have yet to get any fruits from their investment.

Posted by ktsk88 > 2016-10-28 10:55 | Report Abuse

why worries for short term gain?.............this stocks need another 2 more quarters to show it mettle.......China and Indonesia markets contribute more than 75% revenue to the group.......so it is obvious they need funds for expansion.

Then only we can re rated it.

Posted by Nizam Zam > 2016-11-01 10:51 | Report Abuse

This article first appeared in The Edge Financial Daily, on November 1, 2016.


Bioalpha Holdings Bhd
(Oct 31, 24 sen)
Maintain add with a target price (TP) of 52 sen: Bursa Malaysia has approved Bioalpha Holdings Bhd’s proposed 1:4 rights issue, which also comes with one free warrant for every rights share subscribed. Up to 133.3 million new rights shares and 133.3 million new warrants will be issued.

Bioalpha’s issued share base is expected to rise from 666.7 million shares currently to 800 million shares post the rights issue. Assuming full warrant conversion, issued shares will rise to 933.3 million shares.

The next step for the company is to seek shareholders’ approval for the proposed rights and warrants issue at an extraordinary general meeting (EGM), set on Nov 15 of this year.

There will be no underwriters for the proposed rights issue as both major shareholders, William Hon (who is also the managing director of the company) and Perbadanan Nasional Bhd (PNS), have announced that they will subscribe to up to 72.7% (equivalent to 97.3 million new rights shares) of the new rights shares issued that are not taken up by minority shareholders.

Assuming the rights price is set at 21 sen per share, the proposed rights issue will raise RM28 million in gross proceeds for the company. Management says the funds will be used mainly to fund working capital for 27 new product launches (in China, Indonesia and Malaysia) as well as organic herb planting activities for its Phase 2, comprising 880 acres (356.12ha) of land in Pasir Raja.

By the end of Phase 2, more than 100 types of herbs will have been planted by the company. Indonesia is Bioalpha’s main market, contributing close to half of group revenue in 2015.

Revenue growth in this country could be faster if not for the federal government’s sluggish approval process. It usually takes a slow two to three years for product approval but all this will change as Bioalpha set up a new plant in Pekan in end-September.

Product approval can now come from the local council, shortening the process to three to six months. In 2017, Bioalpha targets to launch 12 new products. Bioalpha’s share price is down 15% after the proposed rights issue announcement on Sept 7.

Weakness in the share price offers an opportunity to accumulate the stock at current levels. 2017 stock valuation (pre-rights issue) is only 10 times price-earnings ratio (PER), which we consider to be cheap, for a high earnings growth stock.

We maintain our earnings per share forecasts and TP, based on a 20% discount to our 2017 consumer sector target PER of 25 times; the discount reflects its small market cap.

Rerating catalysts for the stock are strong sales from China and Indonesia on the back of new product launches. Downside risks are domestic sales remaining weak. — CIMB Research, Oct 30

Posted by William Tan > 2016-11-01 13:48 | Report Abuse

any comment on right issue

Posted by Jenas Tan > 2016-11-04 19:01 | Report Abuse

Why drop so much? Still can hold?

Posted by ktsk88 > 2016-11-04 19:10 | Report Abuse

RI seems issue at 21s. Drops is expected because RI comes with free warrants.

Posted by kcwong98 > 2016-11-05 22:17 | Report Abuse

may I know how long will the planting take to harvest?

Posted by smartly > 2016-11-15 11:18 | Report Abuse

agm today.

Posted by Simon Boo Eng Tuck > 2016-11-15 21:24 | Report Abuse

Free warrant at least worth 10 cent in future based on expansion in the global market such Indonesia and China .

Posted by leelc99 > 2016-11-18 21:41 | Report Abuse

Raise capital through warrants

Posted by flee8 > 2016-11-19 08:57 | Report Abuse

free warrant exercise price 22c to convert to the mother?? so expensive!!

Posted by ktsk88 > 2016-11-19 09:09 | Report Abuse

a nice entry price for those bought now and go thru the RI n free warrants...............the company sets to announce the 3rd quarter end of this month and it will re rated accordingly so the RI is not expensive......plus the high potential appreciation in coming months.

My opinions.

Posted by ktsk88 > 2016-11-19 09:11 | Report Abuse

the warrant exercise price of 22sen is reasonable and upon listing of the free warrants.......it could be in the range of 6sen to 10sen.

Posted by Wytay > 2016-11-19 09:24 | Report Abuse

actually i dont understand what is exercise price, it same means with conversion price？

Posted by ktsk88 > 2016-11-19 09:29 | Report Abuse

yes exercise price is conversion.............just the terming use.

Posted by Wytay > 2016-11-19 11:48 | Report Abuse

Ok,ktsk88 thanks

Posted by Surewinmoney88 > 2016-11-19 12:49 | Report Abuse

Sure la. Such attractive Right issue with free warrant offer

Posted by victoryck > 2016-11-19 20:44 | Report Abuse

mind to share how to buy the right issues?

Posted by centrio88 > 2016-11-19 21:22 | Report Abuse

Write a comment..Recent announcement confirmed that right issue price at 20 cents with free warrant conversion price at 22 cents. That means shareholder will be expected to earn 4 cents plus 10 cents in tandem of market estimation price of warrant . Worth to buy now !!!!!!!!!!

Posted by zwinvest1 > 2016-11-20 10:49 | Report Abuse

Let's see whether it can reach rm0.30 next week

Posted by Surewinmoney88 > 2016-11-20 10:55 | Report Abuse

Buy 5 shares now and u will entitle to buy 1 right share at 0.20 with free warrant later (maybe early Dec)

Posted by zwinvest > 2016-11-20 10:58 | Report Abuse

Investm software show Buy signal. MD keep buying when market soft and Q3 result going to be announced ! Sure up

Posted by centrio88 > 2016-11-20 15:19 | Report Abuse

MD buy a lot .....of for past few months . Something is coming positively

Posted by kevinchong > 2016-11-22 11:44 | Report Abuse

Free warrant is Wa or OR warrant????

Posted by ktsk88 > 2016-11-22 11:46 | Report Abuse

free warrant is WA.

Posted by ktsk88 > 2016-11-22 11:47 | Report Abuse

medical and chinese TCM is another trend going forward.......that's why the potential is high.

Posted by kevinchong > 2016-11-22 13:17 | Report Abuse

But my agent say out OR warrant first then buy in change wa-warrant le

Posted by JamesPond > 2016-11-22 15:37 | Report Abuse

What on earth is OR Warrant?

Posted by smartly > 2016-11-22 19:03 | Report Abuse

result out. up 9%

Posted by victoryck > 2016-11-22 19:24 | Report Abuse

nothing special from the quarter report@@