Thursday 28 Mar 2024
By
main news image

This article first appeared in The Edge Financial Daily on October 10, 2018

Mexter Technology Bhd (+ve)
TRADING of shares in Mexter Technology Bhd (fundamental: 1.35/3; valuation: 0/3) triggered our stocks with momentum algorithm yesterday for the first time this year. The stock closed up 5.5 sen or 12.79% to 48.5 sen, with 4.75 million shares done compared with its 200-day average volume of 625,299 shares.

On Oct 1, the group said it will be collaborating with Universiti of Malaya (UM) to establish a brand to develop and market fertility and other medical services to high-end fertility patients, including inbound patients from overseas. Its wholly-owned unit LYC Medicare Sdn Bhd (LYCM) and UM’s medical unit Universiti Malaya Medical Centre (UMMC) inked a five-year service and collaboration agreement to establish “LYC Fertility Centre”.

Under the deal, LYCM shall act as a service provider for value-added non-clinical functions for LYC Fertility Centre’s patients, while UMMC will provide medical-related services. Mexter is currently trading at 6.93 times its net book value.

      Print
      Text Size
      Share