Listed on the Main Board of the Singapore Exchange (“SGX”), Cordlife Group Limited (“Cordlife”, and together with its subsidiaries, the “Group”) is presently a service provider of umbilical cord blood and tissue banking. The first cord blood bank to be set up in Singapore (May 2001) and amongst the first in Asia, Cordlife Group Limited has more than 12 years of cord blood banking experience as well as a published track record of cord blood transplants.
The Group currently owns and operates full processing and cryopreservation storage facilities across Asia, namely in Singapore, Hong Kong, India, Indonesia and The Philippines. Its processing and storage facilities in Singapore, Hong Kong and India are also AABB (formerly known as American Association of Blood Banks) accredited, meeting the gold standard of private cord blood banking. The Group also has a direct investment in China Cord Blood Corporation, one of the top operators in China.
Cordlife Group Limited announced that its subsidiary, Cordlife Medical Philippines, announced on 6 August 2013 that it officially launched its newest service, umbilical cord tissue banking in the Philippines.
The offering allows expectant parents to store their newborn's umbilical cord, and the stem cells it contains, for potential use in future therapeutic applications.
Cordlife had a buy signal 05th Aug but it did not break above the high to trigger buy. The price was trigger on 13th Aug a 1.12
There were some red candlestick however, it did not break below prior day low and also it was still above trough line.
One of my graduates had told me that he held on this stock which was up 15% this morning, now trading at 1.25.
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