Medical equipment company AJJ Medtech Holdings shares gained and is the most actively traded by volume after it won a $2 million supply contract to healthcare institutions and medical academies here.
As at 9.19 am, AJJ Medtech shares jumped 50% to change hands at 0.9 cents. More than 30.6 million shares had been traded.
The contract, won by its subsidiary AJJ Healthcare Management, follows earlier wins, bringing total revenue from such contracts to more than $5 million.
The products are to be delivered over the next three to five years which the company says will give it a stable revenue base and long-term earnings visibility.
“Crossing the $5 million milestone is more than a commercial achievement; it validates AJJ as a trusted Singapore-owned healthcare brand with an ISO 13485-certified quality system," says CEO Alice Zhao.
"By securing long-term recurring contracts with the healthcare institutions and medical academies, AJJ has strengthened both our revenue visibility and our strategic relevance within Singapore’s healthcare ecosystem," she adds.
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The company plans to further scale its business by rolling out home-based robotic technologies and age-friendly care solutions, with an eye on an ageing population.
