Higher return from warrants Investors with a bigger risk appetite may prefer Hovid's warrants, which are currently
trading at RM0.17. With more than four years to maturity and an exercise price of RM0.18, the warrants would be worth at least RM0.25 should
Hovid's share price rise to RM0.43. This represents upside potential of 52% for Hovid's warrants.

yes, remember to see the boilinger band! It's opening up soon!

It's gaining power now! Now price not moving, good time to buy, CNY rally!

Good choice, now CIMB already coverage buy! Outperform summore, must buy!

Published: Wednesday December 4, 2013 MYT 8:23:00 AM
Updated: Wednesday December 4, 2013 MYT 8:25:48 AM

CIMB Research begins coverage of Hovid, target price 43 sen


KUALA LUMPUR: CIMB Equities Research has started coverage of Hovid with an Outperform call and a target price of 43 sen, based on sum-of-parts valuation.

It said on Wednesday the re-rating catalysts could come from increased product registrations in its export markets and strong earnings growth.

Hovid started as a herbal tea maker in 1941 and began producing generic drugs in the 1980s. It prides itself on having the largest export sales among Malaysia-listed pharma companies, deriving half of its revenue (53% in FY13) from exports.

It also has a strong R&D culture, judging from its long list of accolades in manufacturing innovations. These positives are no longer eclipsed by its loss-making subsidiary, Carotech, which it disposed of in 2011.

“Hovid's key markets offer solid growth opportunities. Healthcare spending in Malaysia and some of its key export markets, such as Nigeria, Cambodia and Myanmar, is low by international standards.

“Rising affluence and improved access to healthcare services will fuel demand for drugs. Increased product registrations will also boost Hovid's future earnings by opening up new markets for the group as more drugs will be allowed for sale in countries where the drugs were previously unapproved,” said the research house.

CIMB Research added that Hovid is seeking approval from the US FDA to sell Tocovid SupraBio (a type of Vitamin E) as a drug that could reduce brain damage caused by strokes. If successful, it could open up a blue ocean that is worth billions of dollars in annual sales.

It described Hovid as a defensive growth stock. Hovid's earnings are defensive, as attested by its consistent EBITDA (ex-Carotech) growth during the global financial crisis in 2007-2009.
“Our valuation of 43 sen per share does not include the value of Tocovid SupraBio as a potential drug as its approval could take at least another three to five years. Even without it, we believe that Hovid looks attractive given its strong growth potential,” it said.

http://www.theedgemalaysia.com/business-news/265595-klci-week-ahead-klci-likely-to-kick-off-4q-on-firmer-footing-.html ---> Hovid recomended Buy!

Lowest hit is 0.33 only then it will rebound :)

Buy now or no more later!

Long black candle!

normally tomorrow will drop more, end of uptrend if there's a black candle :(

if today drop 1 long black candle ady! :(

lee9fold: Yes, I do my own analysis

Seller is getting more and more, I think today will have profit taking day

Take profit first, today to greedy tot can reach above 1.60! Hehe

This stock is just simply powerful! Drop can rebounce back, afternoon session trading another rally?

1.56, 1.57 and 1.58 all so less seller?

I believe it will surpass 1.60 later

Fortunebull: u sell ur Inari ady?

Rebound again? Walao!

Fortunebull: Good Luck to your Inari!

Fortunebull: yes, already overbought :)

Fortunebull, good for u....good news out normally people will sell in news, then i go in....then profit! Kebetulannya

Fortunebull, tomorrow can go up i guess, today hit high!

Fortunebull, I also bought this counter when it came down, remember i told u it will go down? Then i tangan gatal go buy, at 1.10! Then now profit :)

Fortunebull: Congrats to you!

tomolo down or up?

whoah!

Whoah, really champion Inari, congrats,

See I told u all, it will drop!

I will ignore this counter, the higher u chase, the more chance u die :)

Besok jatuh baru tahu, because Malaysia Market trend, profit up, drop after news release, sell on news!

Wait...chart session tells me that Hovid will have another wave of uptrend, my TP is 0.37 only for this 2 days! 0.39 is the TP! If it surpass this price, 0.41 on the way!

TP is 0.37!

No insider news for the time being, play based on chart only!

singinvestor, yes, that's why lor! :) Broker untung, then tips also banyak lah! Give n take :P

Play Hovid is like that lah, coz quite slow, so must catch the fish and then release then catch back

Sapu balik WB at 0.175, queue!

Sapu balik at 0.35! Queue!

As I said still going to uptrend :)

take profit 1st, enter balik soon! :)

i manage to sell all at 0.36 just now, take quick profit from 0.335 to 0.34 a few days back

if u see the boilenger band, it's going to burst already! So report we shall put aside now!

WOW! HOVID UP!

Many people force sell this morning due to bad report, but i will keep it, why sell while profit is still intact and within expectations?

I doubt so! Based on the chart, this stock is still bullish! I suggest a price hold tomorrow :)

Those who haven't buy, are u on the boat? Remember this week is the quarter result coming up!

LOUSY SHARE NOW!

yes, just buy, has a huge potential for uptrend :)

i hope it laosai today till 0.33, then can start pick up again!

Waiting for financial results to come out anytime soon!