BCM Alliance Bhd (-ve)
TRADING in the shares of BCM Alliance Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm yesterday for the first time this year.

The counter closed unchanged at 18.5 sen yesterday, with 7.4 million shares changing hands.

In a recent interview with The Edge Malaysia weekly, laundry equipment supplier BCM Alliance said it expects its medical devices division to be its key engine for earnings growth in the future.

In the next two years, the segment is expected to account for half of its revenue — up from 42% as at March 31 this year — while the rest will come from its laundry equipment division.

To expand its medical devices segment, BCM Alliance acquired a 51.03% stake in healthcare company Cypress Medic Sdn Bhd in January. The acquisition allows the group to increase its product offerings and widen its customer base.

At the current share price, BCM Alliance is trading at 1.7 times its book value.