TMCLIFE (0101) - Stocks With Momentum: TMC Life Sciences
TMC (Fundamental: 2.5/3, Valuation: 0.7/3) operates the Tropicana Medical Centre and TMC Fertility Centre in Damansara.
The stock saw a sharp spike in trading volume on Monday to 40.6 million shares, compared to the daily average of 4.72 million in the preceding 200 trading days. Its share price jumped to a high of 75 sen before settling at 72 sen, for a 12.5% gain for the day.
The surge in interest follows an announcement by the company to acquire Thomson Iskandar medical hub project in Johor Bahru for RM400 million from Singapore billionaire Peter Lim and Johor crown prince Tunku Ismail Idris Ibni Sultan Ibrahim last Friday. The acquisition is to be funded entirely by the issuance of new shares with free warrants. Peter Lim currently owns 68.5% of TMC. For 1HFYMay2015, TMC’s revenue increased 17.7% to RM48.3 million while profit before tax grew 25.8% to RM2.76 million.
This article first appeared in The Edge Financial Daily, on February 10, 2015.
http://www.theedgemarkets.com
TMC (Fundamental: 2.5/3, Valuation: 0.7/3) operates the Tropicana Medical Centre and TMC Fertility Centre in Damansara.
The stock saw a sharp spike in trading volume on Monday to 40.6 million shares, compared to the daily average of 4.72 million in the preceding 200 trading days. Its share price jumped to a high of 75 sen before settling at 72 sen, for a 12.5% gain for the day.
The surge in interest follows an announcement by the company to acquire Thomson Iskandar medical hub project in Johor Bahru for RM400 million from Singapore billionaire Peter Lim and Johor crown prince Tunku Ismail Idris Ibni Sultan Ibrahim last Friday. The acquisition is to be funded entirely by the issuance of new shares with free warrants. Peter Lim currently owns 68.5% of TMC. For 1HFYMay2015, TMC’s revenue increased 17.7% to RM48.3 million while profit before tax grew 25.8% to RM2.76 million.
This article first appeared in The Edge Financial Daily, on February 10, 2015.
http://www.theedgemarkets.com
