Bahvest is an integrated aquaculture company involving in the entire process of sustainable aquaculture consisting of marine fish breeding, hatchery, rearing, production of live feed, marketing, transportation of live fishes and distribution of fish products. Its main customers are from Hong Kong and China.
In 2017 Bahvest has diversified its core business into exploration and mining of mineral on a 317.7 hectare of land at Bukit Mantri, Tawau, Sabah through the acquisition of Wullersdorf.
In its 4th Quarterly report (January1 to March 31), gold production has dropped from its previous quarter of 123.96 kgs to 90.46 kgs due to the suspension of mining operation starting March 18 because of government's 'Movement Control Order (MCO)'. Its quarterly profit for its mining sector was Rm3.046 million but it loss for its marine sector due to MCO was Rm8.217 million plus a fair value loss of Rm151.553 million in its fishery stock. As a result its quarterly earning dropped into the red at -14.25 per share and net assets dropped to 10 sens a share.
Technically its price chart looks bullish. From its long term chart, Bahvest is currently on its mega wave (5).
After completing its mega wave (4) in March 2020, it has so far completed its wave (i)-(ii) and sub-wave i-ii by last Wednesday.
Very likely, Bahvest is forming its sub-wave iii currently.
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