We hope kgroup and distribute vaccine in near future. It is better known that with PCR test kit + vaccine would be more perfect. One stop solution for patient.
Kgroup market cap is only at RM 108Million which is very cheap. Because Kgroup has done its fund raising exercise with nearly RM 75Million (PP + ESOS + Right issue)
Reference is made to the Company’s announcement dated 22 May 2020, 28 May 2020, 19 June 2020 and 10 July 2020 whereas Key Alliance Sdn Bhd (“KASB”), a wholly-owned subsidiary of the Company has been appointed as representative of ITDF Co Ltd (“ITDF”), as a local partner to effect the registration, and carry out marketing and distribution of the Care Gene Covid-19 RT PCR Kit, produced by Wells Bio Inc (“Appointment”).
The Board of Directors of KAG are delighted to announce that KASB today has received the results of its Wells Bio Inc Care Gene RT PCR test kit from the Institute of Medical Research (“IMR”). The results showed 100% sensitivity and 100% specificity for the Care Gene RT PCR test kit, and has been earmarked as compliant to IMR's parameters for usage.
The IMR approval coupled with KASB’s initial approvals with the Ministry of Health's Medical Device Authority (“MDA”) means that KASB is allowed to distribute and sell the Care Gene RT PCR Kit to laboratories, hospitals and other end users.
In addition, KASB has received indicative queries from various third-party agencies looking to distribute to medical facilities, GLCs and other government agencies, amounting to 500,000 test kits. KASB is currently in discussions with various parties on concrete commercial agreements and will update the market accordingly.
Referring to the recent announcement, there could be potential order of 500,000 test kits. Each test kit maybe cost RM150 - RM200. That is about RM100 million in revenue for the company! Previous quarter results only less than RM 10 million. This will contribute significantly
If you wait until they confirm receive the order then it will be too late already. the price will already increase significantly. Best to acquire now and wait for the announcement
After injection with vaccine will still require to have covid test also. from time to time to be tested as well. With these 2 combined businesses for vaccine and covid PCR test kit will be so perfectly under one solution service for kgroup
hmm, no wonder these few days volume is here. now we know why. those insider already know. test kit income consider good. if 1 test kit earn RM 100....
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masterkevin212
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Posted by masterkevin212 > 2020-11-25 13:33 | Report Abuse
We hope kgroup and distribute vaccine in near future. It is better known that with PCR test kit + vaccine would be more perfect. One stop solution for patient.