Insights

Advanced Human Imaging (ASX:AHI) share price wobbles on agreement

The Advanced Human Imaging Ltd (ASX: AHI) share price is up and down in Monday’s trade following a signed marketing agreement.
The post Advanced Human Imaging (ASX:AHI) share price wobbles on agreement appeared first on The Motley Fool Australia. –

medical asx share price represented by doctor looking up at question marks

Advanced Human Imaging Ltd (ASX: AHI) shares have been up and down today following news of a signed marketing agreement. The Advanced Human Imaging share price opened slightly higher following the news before slumping 3.35% to $1.73. 

However, at the time of writing, the company’s shares have recovered to trade at $1.82, up 1.68% for the day so far.

What did Advanced Human Imaging announce?

Advanced Human Imaging shares are on a rollercoaster today after the company advised it has entered into a marketing agreement with China-Based, Tinjoy Biotech (Tinjoy).

The partnership will see Advanced Human Imaging’s CompleteScan product integrate with Tinjoy’s WinScan app in China. Launch of the combined offering is being targeted for July 2021.

Brought to market in 2020, Tinjoy’s WinScan app services roughly 28 million consumers every month in China. The digital health platform specialises in multiple segments of personal and population health as well as medical and preventative care. The company uses data analytics for the early detection and health assessment of individuals at risk of chronic disease.

Under the terms of the binding sheet, Advanced Human Imaging will contribute US$200,000 over three tranches. The funds will be used towards the training of 500 call centre team members to sell the CompleteScan integration. In addition, the remaining monies will be allocated towards material production and the launch of the CompleteScan integrated WinScan app.

Advanced Human Imaging is hoping to achieve 1 million active monthly users within the first year of the signed agreement.

Judging by today’s Advanced Human Imaging share price moves, it seems investors have mixed feelings over the significance of the company’s news.

What did management say?

Vlado Bosanac, chair and CEO of Advanced Human Imaging, commented:

Our teams have been in constant communications over the last 8 weeks progressing the application integration points. We are fortunate to have mandarin speaking staff that are able to navigate the language barrier seamlessly…

The sheer size of the population and the high level of mobile device usage in China, gives me tremendous confidence in the acceptance of our unique and easy to use technology. I believe this will culminate in a very successful partnership.

About the Advanced Human Imaging share price

Including today’s gains, the Advanced Human Imaging share price has rallied by around 1,000% over the last 12 months. The company’s shares are, however, still sitting below their 52-week high of $2.19 reached in March this year.

Advanced Human Imaging has a market capitalisation of around $238 million.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Advanced Human Imaging (ASX:AHI) share price wobbles on agreement appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!