lost steam

time to accumulate now mah?

Looks like FED will postpone the interest hike to end of the year..means business as usual..probably won't affect the exportation of HOVID products; revenue remains intact hopefully :)

nice pick, solutn is very strong and stable

Volume decreasing today as not many people were willing to sell below 0.5. A strong fundamental counter is more defensive than others, but anyway anything could happen in the volatile market now

collect more at low price

Foreign investor selling off because of greece crisis. 1MDB adding more salts to the wounds

HOVID (7213)

Analysis
HOVID is a medicine producer which have got a classical buy signal today which is also a Descending triangle breakout with a gap up which is also a very BULLISH signal.

HOVID is the only medicine producer that benefit from the strengthening of USD, where you can see their profit growing even they are utilising 100% of their production line.

HOVID have a medicine name Toccovid which is about to get approval from US FDA which can help to cure stroke, This is the game changer that expected to garner more than USD1 BILLION Revenue.

HOVID also have growth story with their new Factory completed in May 2015 which will boost 30% of their productivity, hence we will see 30% jump in revenue.
Fund managers have also started appeared in their annual report.

Recommendation
Aggressive player could consider their warrant HOVID-WB (7213WB) which is now trading at 4% discount compared to mother as conversion is only RM0.18 hence it is also a chance for arbitraging as it is CHEAP.

It was rumoured that an investment firm GxxxxPxxx will be promoting this stock on their investment conference by this 14th June in KLCC which the stock will normally move up 15-20% the day after their conference.

1st TP RM 0.56
2nd TP RM 0.60
3rd TP RM 0.65
Stop Loss RM 0.48 strong support

Something big happening!

the momentum is here

hovid is strong fundamentally..a good counter to keep!