Alpha IVF eyes growth in international Muslim market

Fertility care specialist Alpha IVF Group Bhd aims to penetrate the domestic and international Muslim market via the upcoming launch of its fourth specialist centre, Alhaya IVF & Women’s Specialist-kl, which will be attached to KPJ Damansara Specialist Hospital 2.

The ACE Market-debutant said in a statement that it hopes to tap into KPJ’S strong customer base of Muslim patients.

Group managing director Datuk Colin Lee said, “Not only do we have access to the facilities in KPJ’S state-of-the-art hospital, the icing on the cake is that we are able to bring our IVF (in-vitro fertilisation) successes to even more patients through KPJ, especially the Muslim market.”

Lee added that Alpha IVF also intends to set up two more specialist centres in Malaysia, and the group is currently undergoing the process of identifying the ideal locations.

Alpha IVF Group plans to use part of the proceeds from the initial public offering to set up two more IVF specialist centres in Malaysia.

One centre is expected to be completed by the end of the financial year ending May 31, 2025 (FY25) and another by the end of FY26.

For regional expansion, it intends to build a specialist centre and four satellite clinics in Indonesia.

“Moreover, Alpha IVF aims to further extend its reach by establishing another specialist centre elsewhere in South-east Asia and opening two sales representative offices in China,” he added.

Alpha IVF opened flat on its debut on the ACE Market of Bursa Malaysia yesterday, with a trading turnover of 12.99 million shares.

The counter closed flat at 32 sen on its maiden trading day.

It traded between an intra-day low of 30.5 sen and a high of 32.5 sen during yesterday’s trading session.

The company’s market capitalisation stood at Rm1.56bil, based on a share capital of 4.86 billion shares.

It was the third most active counter on Bursa Malaysia with 2.72 billion units changing hands.

The company mainly focuses on assisted reproductive services with a strong emphasis on in-vitro fertilisation.