Bioalpha optimistic of expansion plans in Malaysia, Indonesia and China

KUALA LUMPUR: Bioalpha Holdings Bhd is upbeat that its expansion plans will bear fruit and this will be reflected in the group’s future financial performance, said Managing Director, William Hon.

He said the company would build on the momentum it gained in 2016 and continue its efforts to grow this year and beyond.

“These two years will be a very busy time for us as we execute our expansion plans. We are launching a number of new products across Malaysia, Indonesia and China to boost sales and keep the markets excited,” he said in a statement yesterday.

In China, Bioalpha will penetrate the Muslimmajority provinces in Western China such as Xinjiang, Qinghai, Shaanxi, and Gansu by engaging with the local Muslim associations of the respective provinces to establish a distribution network.

In Indonesia, the company had done well over the past years with its existing products but it was time to roll out new products to bring sales to the next level, said Hon.

“For our pharmacy division, we currently have 17 outlets and we target to open a few more new outlets by the end of the year outside Klang Valley.

“We will continue to strengthen our presence in Kelantan and Terengganu, and have also identified new markets - Kedah and Johor. We will grow this division via the franchise system so as not to burden our balance sheet,” he said.

As for e-Constant, its innovative rewards referral programme, a collaboration between Bioalpha and the National Co-operative Movement of Malaysia (Angkasa) would enable the cooperative’’s eight million members and 13,500 co-operatives under it to set up virtual constant stores online to sell some 5,000 healthcare products.

“It is an excellent opportunity for Angkasa members to become entrepreneurs and generate earnings while Bioalpha would increase its customer reach and sales,” he said.

“We remain focused and steadfast in executing our expansion plans and we believe our collective and committed efforts will translate into stronger financial performance going forward,” he said. — Bernama