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BIOHLDG-WA: Rich Valuation Justifiable

The share price of Bioalpha Holdings Berhad reached a 52-week high of 27.5 sen on 24 August after the company announced a multifold increase in profit a day ago.  However, the share price faced some profit taking earlier this week as investors digest the latest earnings report.  Bioalpha share closed at 26.5 sen on 28 August while the company warrant BIOHLDG-WA ended trading at 13.5 sen.

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