Company to grow medical device and industrial laundry businesses

BCM Alliance Bhd plans to grow its medical device business and expand the industrial laundry segment to achieve an earnings growth which has so far eluded the company.

Since its listing on the Ace Market back in October 2016, BCM’s profits have marginally dipped. Its share price is also below its initial public offering (IPO) price of 19 sen per share and the stock’s market capitalisation remains at around RM70mil.

However, BCM has a healthy balance sheet – with net cash of around RM18mil, most of which are from its listing proceeds – and that is probably why it is using a portion of that money to grow.

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