i dont think warrant is under value !!! i think big guys will throw mother as far as higher than 35.5 n few weeks later collect back as far as below 35.5 bcos they will make profit on div which can run into few hundred k !!!(depend how many million they can throw out today) at same time they will throw the warrant today also bcos issued price only 2 sen !!!now you see warrant under value but once mother drop you end up over price !!
you can sell 17.5 and buy 3 mexter or 3 luster-wb @0.05 if mexter or luster- wb up 2 sen to 7 sen is just like hovid-wa up to 21 sen !!! and dont forget if you sell @17.5 you can keep 2.5 sen in pocket first !!!
Pharmaceutical ind in malaysia is a growth sector. Hovid is among the few proxy to govts shift to buy more from local producers of generic drugs, My friends who are doctors at GH share the fact that more common curative and preventive drugs/medicine dispense at govt pharmacy are from Hovid. Alex views appear valid. Im in hovid for long term, although the recent dividend is a pleasant surprise.
Yes connie. Pharma is main supplier by virtue of it being a GLC. Anyhow the market is big and local manufacturers with GMP, will get a fare share of the govt business.
My pharmacist friend not convinced. He feels patent cliff will exploited by other companies and Hovid will have to take a long time to penetrate the market for generic drugs. Anyway cheaper to go for Hovid-WB even at 18 sen.
what is your tp after 0.38 alex ? my calculation (not sure rite or wrong) TP1 0.40 TP2 0.41 TP3 0.43. your previous posting said "0.50 on the way". sure alex ??
i think still got contra sell !!! many ppls bought 35.5 last few days will take easy profit. let 36.5 for 2 days then might move further. avoid warrant, many sellers waiting to take profit 18.5 (contra kaki need to sell this price cos many bought 17.5 n 18 sen)
Hovid is a 20 cent par value counter and at current price of .36 the premium is only .16cents. Prior to carotec fall out, it has been making decent profits in the past. The recent good profit announcement, being in the right industry and huge prospects going forward, is good for the company. Even without insider information hovid is good buy for long term and the current price is very attractive. Alex somehow your comments is keeping many investors intrest in hovid intact and I hope u r right.
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....
Kutty123
1,585 posts
Posted by Kutty123 > 2013-11-01 10:36 | Report Abuse
warrent undervalue?