Alpha IVF Group eyes regional expansion

The company's revenue for 3Q24 grew 12.2% to RM43.24mil.
KUALA LUMPUR: Alpha IVF Group Bhd is targeting to operate a total of at least 15 facilities, covering Malaysia, Indonesia, China, the Philippines, and Singapore by the financial year ending May 31, 2027.
The fertility care specialist currently operates four full-fledged IVF centres across Malaysia and Singapore, along with two sales and representative offices in China.
For the next 12 months, Alpha IVF expects two additional IVF centres in Malaysia, two IVF centres in South East Asia and four satellite clinics in Indonesia will be operational, it said in a filing with Bursa Malaysia.
In the third quarter ended Feb 28 (3Q25), Alpha IVF posted a lower net profit of RM11.9mil, or earnings per share of 0.24, compared with RM13.6mil, or 0.30 sen in the year-ago quarter.
Revenue for the quarter stood at RM40.6mil against RM40.7mil posted last year.
In the nine months to Feb 28, the group posted a net profit of RM41.4mil, up 6.3% from RM38.9mil a year ago, while revenue rose 5% to RM126.8mil from RM120.8mil previously.
Alpha IVF attributed the improved performance primarily to continued growth in its foreign patient segment within its Malaysian operations during the period.
The growing foreign patient base underscores Alpha IVF Group's strong regional presence and reputation for delivering world-class fertility care.
'As we move forward, our strategy remains consistent – to grow both organically via our existing centres and through regional expansion initiatives.
'We believe the steps we are taking to expand access to our fertility treatment services in the region will not only strengthen our regional presence but also deliver long-term value for our shareholders,' group managing director Datuk Dr Colin Lee Soon Soo said in a statement.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

New Straits Times

2 hours ago

• New Straits Times

MARKET PULSE PM JUNE 23, 2025 [WATCH]

KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia rebounded sharply to end higher, lifted by bargain hunting and steady local investor interest. The Energy sector led gains as Iran's threat to block the Strait of Hormuz in response to US strikes raised concerns over global oil and gas supply disruptions. Meanwhile, the ringgit eased against the greenback, settling at 4.2880. In the crypto market, Bitcoin rose to RM437,400. Ethereum also climbed to RM9,686, while Solana inched up to RM576. That wraps up today's Market Pulse.

New Straits Times

3 hours ago

• New Straits Times

Bursa Malaysia rebounds to close at day's high on bargain hunting

KUALA LUMPUR: Bursa Malaysia reversed its morning losses to close higher, supported by bargain hunting and sustained local investor interest. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.87 points, or 0.92 per cent, to 1,516.61 from Friday's close of 1,502.74. The index opened 9.55 points lower at 1,493.19 and fell as low as 1,488.89 in the morning session before trending up to close at its intraday high. The broader market, however, was negative, with losers outpacing gainers 697 to 274, while 490 counters were unchanged, 932 untraded and 41 suspended. Turnover surged to 3.09 billion units worth RM1.91 billion against 2.6 billion units worth RM3.37 billion on Friday. UOB Kay Hian Wealth Advisors Sdn Bhd investment research head Mohd Sedek Jantan said the FBM KLCI recovered from an early dip below a key psychological level as markets reacted impulsively to the United States' strikes on three Iranian nuclear facilities over the weekend. He noted that while the initial sell-off reflected heightened geopolitical anxiety, the index rebounded strongly, supported by bargain hunting and sustained local investor interest. "Historically, markets tend to absorb such shocks relatively quickly, with the direct impact of geopolitical risks often proving short-lived," he told Business Times. Sedek added that the ongoing Iran-Israel conflict has led to a spike in global oil prices, but the immediate pass-through to domestic inflation remains limited. Meanwhile, he said, export-oriented stocks may derive temporary support from a strengthening ringgit, as currency appreciation can lower import costs and reflect greater investor confidence. "However, this advantage may be offset if global demand slows or trade orders are delayed—developments that could weigh on revenue visibility and corporate earnings in the coming quarters," he said. Even though the ringgit was slightly weaker today, Sedek said the exchange rate is still considered stronger compared to last year's average.

New Straits Times

5 hours ago

• New Straits Times

Bursa's Energy Index breaks from pack on oil price rally

KUALA LUMPUR: Bursa Malaysia's Energy Index rose to the top of sectoral gainers, driven by a global rally in oil prices amid heightened geopolitical tensions in the Middle East. It was the only index to post a gain of over one per cent, bucking the broader downtrend across sectors that persisted into the afternoon session. As at 3pm, the 31-stock Energy Index had climbed 1.32 per cent, or 9.73 points, to 745.44. Year-to-date, the index is still down 10.23 per cent. Reservoir Link Energy Bhd, Hibiscus Petroleum Bhd and Dialog Group Bhd were among the most actively traded counters fuelling the sector's gains. At press time, Reservoir Link rose 1.35 per cent to 37.5 sen. The counter was the third most active with nearly 40 million shares changing hands, its highest single-day volume in at least six months. Hibiscus Petroleum led the gainers in the oil and gas space, surging 7.02 per cent or 12 sen to RM1.83 on 17.21 million shares traded. Bumi Armada Bhd edged up half a sen to 47.5 sen, while Dialog Group Bhd added four sen, or 2.60 per cent, to RM1.58 with 6.32 million shares traded. The rally in energy stocks followed a spike in global crude oil prices after United States military strikes on Iran intensified concerns of supply disruptions in the Middle East. Brent crude futures for August rose 2.4 per cent to US$79 a barrel, while West Texas Intermediate (WTI) climbed 2.5 per cent to US$73.84. Both benchmarks had earlier jumped as much as four per cent to hit four-month highs, with Brent briefly touching US$81 a barrel. At the time of writing, Brent and WTI were trading at US$77.51 and US$74.31 respectively, both up about 0.65 per cent on the day and marking their highest levels in a month. In Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei vowed retaliation against "the Zionist enemy" in his first public statement since the US joined Israel's attacks on Iran. Market participants anticipate further price gains as fears grow that Iran may retaliate by closing the Strait of Hormuz, a vital chokepoint for about one-fifth of the world's crude oil supply. Back home, the FTSE Bursa Malaysia KLCI rose 0.51 per cent, or 7.62 points, to 1,510.36, rebounding from last Friday's close of 1,493.19. Apart from energy, financial services was the only other sectoral index in the green, up 0.43 per cent. The day's biggest sectoral decliners were the Transportation & Logistics, Technology, and Healthcare sectors, which fell 1.28 per cent, 1.23 per cent and one per cent respectively.