Alpha is set to launch two new IVF centres — one in Sabah and another in Johor. The Sabah centre will undergo MOH inspection next week and is targeted to begin operations in November 2025. Meanwhile, the Johor centre at JBCC Komtar, just a short walk from RTS Bukit Chagar and CIQ, is scheduled to open by May 2026. It will also provide laparoscopic gynaecology surgeries and medications at lower costs than in Singapore, positioning Alpha to capture growing cross-border demand. Expect to see a better performance in the upcoming quarter’s results.

TA remains optimistic about Alpha’s earnings outlook, supported by steady organic growth from its four existing IVF centres. Looking ahead, new centres in Sabah, Johor, Indonesia, and the Philippines are expected to drive future growth. TA maintains its earnings forecasts and reiterates a Buy call with a target price of RM0.42 per share.