Hovid may trend higher after surpassing the MYR0.425 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.475, followed by MYR0.50. The stock may pull back and drift lower if it cannot hold above the MYR0.425 level. In this scenario, support is anticipated at MYR0.37, where traders can exit upon a breach.
At least hold until see the qtr report. Also think of its business, exports earning usd, new factory, new warehouse, handful of Orders, still cents compare to competitors(pharma, kotra, yapsiah, etc)
HOVID (Fundamental: 2.1/3; Valuation: 0.6/3) saw its share price rise 1.5 sen or 3.57% to 43.5 sen on substantially higher volume.
Ipoh-based Hovid is a major manufacturer of generic drugs. It derives half of its USD-denominated sales from export, particularly to Asia and Africa and as such, will benefit from the ringgit’s depreciation.
Since disposing its loss-making biodiesel subsidiary Carotech in 2011, Hovid saw its net profit grow at a 2-year CAGR of 7.4% to RM18.1 million in FYJune2014, on the back of revenue of RM183.5 million. A new plant to be completed this year will alleviate capacity constraints and drive future growth.
Hovid has net cash of RM14.5 million or 1.9 sen per share, with ROE of 12.9%. The stock trades at a trailing 12-month P/E of 16.7 times and 1.97 times book. Dividends totalled 1 sen in FY2014, with a yield of 2.4%.
I think the lowest it can go is 0.415, as you observe the market, the big shark is still in the game. Yesterday BNM announced GDP grew 6.0 percent, should be a good news for stock market.
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....
singinvestor
459 posts
Posted by singinvestor > 2015-02-10 00:18 | Report Abuse
Stock: [HOVID]: HOVID BHD
Nov 26, 2014 11:22 PM | Report Abuse
hovid is good counter to invest ! http://klse.i3investor.com/blogs/logictradinganalysis/65097.jsp
Thanks for your advice since 26/11/2014 and I have accumulate since then....
Your first Tagert price $0.46 reaching soon............