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TA Securities Holdings Bhd has initiated coverage on Alpha IVF Group Bhd with a ‘Buy’ call and a target price of 36 sen, implying a potential upside of 24.5% from its last traded price of 29 sen.
According to TA Securities, Alpha IVF Group Berhad’s growth trajectory is expected to accelerate following its impressive achievement of an 80% pregnancy success rate to date compared to global benchmark of around 65%.