OUTLOOK The Group is expected to benefit from the future plans and strategies as disclosed in the Prospectus of the Company dated 28 June 2018. These include: y The construction of a new GMP-compliant production facility which will increase our production capacity; y Expansion of our retail market presence; y Continuous efforts in R&D activities which includes conducting pre-clinical studies; and y Clinical trials on our nutraceutical and skincare products. As at the date of this report, the construction of the new GMP-compliant production is still ongoing. The Group managed to increase the number of NWPP partners from 89 to 112. The increase in NWPP partners would increase our brand presence in their retail outlets. Apart from this, our online retail store is finally in operation after the listing date. We expect the online retail store to contribute positively to our Group’s growth. The two clinical trials for Ficus Cream products are targeted to complete by July 2020. Barring any unforeseen circumstances, the Board believes that the Group’s prospects in the next financial year ending 30 June 2019 remains positive with challenges ahead. The challenges that the Group may face include the increase in overhead cost arising from increase in direct labour cost and depreciation expenses from the new GMP-compliant production facility once the construction is completed. The Group is monitoring these factors closely to minimise the impact to the financial performance of the Group.
I attended too. Very expensive door gifts cost around RM500 per shareholder. All Nova products including new products of vege oils. MD is very friendly.
Well i already mentioned due to high USD to MYR it is really hard for them to earn higher, now USD is at 4.18 i dont think next QR will earn more than the previous QRs..
The Group reported a profit before Tax of RM3.43 million in Q4 FY2018 as compared to a Profit before Tax of RM1.33
million in Q1 FY 2019 mainly due to decrease in sales from House Brand segment and the one-off charge of the listing
expenses amounting to approximately RM0.80 million during the current financial quarter.
before IPO they loaded a lot into their retailrr i guess, how can i knew that? that's easily can be tracked from how they rushing for IPO after boosting the sales right before their free tax incentive over. net profit no more 55%, like i said earlier. this trick only can make those Mr Donno to invest them, and the retailer so called their retailer who have earned tbeir share in Nova keep boosting and tell everyone this counter is good, and i believe most of them sold their shares.
let me remind u, there are plenty of under value shares in the market, of course NOVA can be one of it for long term, but i always make my potfolio wide enough and i will not wrong believe in only one share. good luck.
@Goalpower I work in the pharmacy which sells Nova, their supplements are all research based, their green capped products received massive positive feedbacks. Their softgels supplements' effect is better because of Actisof delivery technology.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2018-10-12 16:38 | Report Abuse
AGM is in next month.