MidNight Special - Biosis : I will be back!

Biosis Group Berhad had a primary core business in personal care products. The products ranges from body care, soap, hair care, spa products, baby products, oral products and even supplying to the hotel as well.

As of the report for the financial period ended 30/9/2011, the 9 month performance for the FYE 2012 is taking a revenue of 19.622 million, but with a rather dismay result with 4.757 million in losses after tax, which computes out to 3.71 cents lost per share, which is deteriorating compared to the previous FYE 2011 result.

With the current net tangible asset standing at 45 cents per share, what could be the next upcoming movement for the company?

Let's take a quick look on the chart.

A quick look had saw Biosis penetrated above 30 cents, which toppled 35 cents on the first day of the surge, which is on the 23rd of November 2011. While there had been a lot of announcement on the shareholder changes at the mean time, with Khoo Chee Kong disposing and acquiring shares in the time being, a new face, Lovey Lee Cay Aii, aged 22 then during 2011 when she start to acquire more than 5% of the share came into the picture.

I believe this is not a simple game here, where I strongly believe that there are something larger behind, which might include changes in the shareholding of the company as well, while I believe Lovey is just a cover name here. As fishy game will always have a high potential of a nice catch, I believe the final piece of the game had not been unveiled. 

As the share had been loitering at the range of 35 cents to 40 cents for the period of time, I believe that Biosis will soon be back into the action, in which we might be seeing Biosis above 40 cents in no time soon when the real show strikes into the play. As long as Biosis remains at the zone, I believe that Biosis will be potentially hitting up and testing RM 0.40 soon, while not erasing the prices surging past 40 cents, and into greater heights.

Bone's short term TP: RM 0.40.

Cheers and happy trading.

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