Nova Wellness Group Bhd principal business activities are :

1) Development, production and sales of House Brand Products.

2) OEM Development and Production of Nutraceutical Products.

Fundamental View:

1) Nova Revenue has increased almost doubled from RM 4.8mils on Sep 2018 to RM 9.6mils on recent Jun 2019 quarter report. The revenue and PBT increased due to the higher sales of house brand product which is the organic growth of the company.

2) Compare to peers in pharmaceutical sector, NOVA has the highest gross profit margin among peers.

Technical View:

1) Price breakout with high volume on 27^th Aug 2019.

2) NOVA has been trading above its upward sloping 20-Day Moving Average which is a good sign.

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