Posted by lowbuyhighsell > 2017-05-25 09:17 | Report Abuse

KUALA LUMPUR (May 25): CIMB IB Research has maintained its “Reduce” rating on Hovid Bhd at 35 sen with a higher target price of 32 sen (from 30 sen) and said Hovid’s 9MFY17 core net profit were below expectations, at only 35% of house and 26% of Bloomberg consensus full-year estimates.

In a note May 24, the research house said Hovid’s 9MFY17 revenue and net profit declined by 2.6% and 54.4% y-o-y, respectively.

It said this was attributed to: i) production loss in 3QFY17 due to suspension of both its manufacturing licences, ii) lower sales volume, and iii) higher operating costs.

“Licence secured since for both plants at Chemor (March 6) and Ipoh (May 5); full production resumed.

“Maintain Reduce, but SOP-based target price raised to 32 sen. We are removing the 10% discount to its 5-year mean P/E, in tandem with the reissuance of both licences,” it said.

Posted by kingcobra > 2017-05-25 10:21 | Report Abuse

OVERSOLD!

Posted by aceso > 2017-05-25 14:47 | Report Abuse

Hmmm cimb didnt mention the double capacity revenue in the future for Q3 & Q4... zzzz

Posted by PenguinDad > 2017-05-25 15:19 | Report Abuse

Aceso, read those report but do you own research. These institutional also dealing with some fund and becareful about the recommendation.

Posted by aceso > 2017-05-25 15:33 | Report Abuse

I know hovid capacity... skewed report.. i think cimb has interest in it

Posted by Zainul Sidek > 2017-05-25 15:47 | Report Abuse

Hovid is for investor not punter

Posted by Imstupid > 2017-05-25 21:01 | Report Abuse

good stock hold ...

Posted by sozai > 2017-05-26 13:53 | Report Abuse

@acceso: AAX Forum said this Hovid for long term, here said Hovid rubbish stock!! make fun nia..

Posted by aceso > 2017-05-26 21:34 | Report Abuse

sozai... check the username

Posted by aceso > 2017-05-26 21:35 | Report Abuse

acceso= nekosan.. go check his comments lol...

Its long term... im still holding since license drop... so far has been up going.. qtr results wasnt great.. it didnt shake that mcuh right...

Im holding till qr3 and qr4 then decide what to do next...

Posted by NickLai > 2017-05-29 12:55 | Report Abuse

Err actually i was thinking that because it is Ramadan month. People r withdrawing out for the coming Raya. Since other stocks also encounter a drop here.

Posted by Unknown404 > 2017-05-29 15:10 | Report Abuse

Brace for downfall!

Posted by PeterNg > 2017-05-30 09:57 | Report Abuse

Wait at below 0.25.

Posted by NickLai > 2017-05-30 10:28 | Report Abuse

PeterNg, the technical chart shows that the support level is on 0.29 at the lowest. Can u enlighten us how you calculate 0.25?

Posted by Zainul Sidek > 2017-05-30 16:12 | Report Abuse

0.25 is panic selling price . O.29 is a support level at a worst case ( license withdrawn ) .Hovid now worth more than this. Dont u think so?

Posted by NickLai > 2017-05-30 16:42 | Report Abuse

Well, personally I think that license withdrawal is not a big issue. They have subsidiaries and possible merges or acquisitions with other company to obtain these licenses again.

What i see is that their revenue is still maintain around the same level currently, putting off rumors aside.

Posted by PeterNg > 2017-05-30 16:50 | Report Abuse

Nick Lai,
Assume Hovid can made it 0.5 cents for Aug 2017 QR.
Meaning with current PE 24, EPS at 1.1 cents = 26.4.

Posted by PeterNg > 2017-05-30 16:50 | Report Abuse

I will monitor and wait for collect.

Posted by Zainul Sidek > 2017-05-30 17:33 | Report Abuse

I have long disregard P.E and Eps , due to several reason , Prefer market sentiment.

Posted by NickLai > 2017-05-30 19:53 | Report Abuse

P.E and EPS is not a good referencing for penny stocks or low cost stocks. Through my observation, market sentiment is the way of investment for such stocks, at least for the malaysia stock market.

Posted by Unknown404 > 2017-05-31 13:32 | Report Abuse

"Sell on May, Buy on Sep" is always the safe mantra over the years in market.

Posted by Cornerstone > 2017-05-31 13:33 | Report Abuse

wahhh so many bros here like market sentiment.. then I also follow la.

Posted by Zainul Sidek > 2017-05-31 17:40 | Report Abuse

Weak sentiment now maaa

Posted by Unknown404 > 2017-05-31 17:53 | Report Abuse

Get off before get trapped like AAX!

Posted by chkhooju > 2017-05-31 18:06 | Report Abuse

Good play, Unknown 404

Posted by sitia > 2017-05-31 20:15 | Report Abuse

Hovid been in Malaysia since 1940 and started from a humble beginning. They been venturing into manufacturing for medicines and expanding their horizons in medicinal line and it is getting better.
They have approved by Unicef for their drugs and this company have vast opportunity in future.

Posted by sitia > 2017-05-31 20:20 | Report Abuse

Below was the real problem occured when MOH revoked their licensing.

It was a technnical error or labeling. Medicine is still the same. No harm
been done.


"HOVID’S PRODUCT RECALL OF TERNOLOL 50"
Hovid would like to express our sincere apologies to the patients who have purchased Ternolol 50mg Tablets with batch no. BG 04645 from any clinics, pharmacies or hospitals.
The batch for recall contains boxes labelled as “Ternolol 50”, however, (some of) the blisters stated the product as “Ternolol Tab 100mg”.

The actual product packed within the boxes is Ternolol 50mg which corresponds to the box label. The tablets contain active atenolol ingredients which are prescribed for hypertension treatment.
We are recalling the concerned product from the market. Patients may contact our pharmacist at Hovid Hotline 05-5060690 (Mon-Fri, 8.00am- 6.00pm) for any clarification or questions they may have.
Our office will be closed on Saturday & Sunday. However, you may still be able to contact the following personnel on Saturday & Sunday.
Chin Lai Ting 012-5070396
Choong Foo Wah 019-2771315
Cheah Wai Kit 012-6566030
Nor Hisham Yusop 012-7384114
Thomas Wong 016-5202118
We will assist those who are affected in handling their returns.

Posted by Zainul Sidek > 2017-06-01 12:32 | Report Abuse

Good Dividend is a good reflection of a solid and sound stock.

Posted by NickLai > 2017-06-01 20:14 | Report Abuse

Unknown404 I still rmb i got trap in aax at 1.27, the highest price that time. But that case is different, they are losing money and the currency trade is uncertain.

But this one is good in terms that the revenue is maintained all the time. I'll put a cut lost if it falls below 29cents. The rebounding chance is higher than a falling price.

Like ppl say, market sentiment not good mah. You see other stocks also falling this week.

Posted by Zainul Sidek > 2017-06-01 23:28 | Report Abuse

Ha ha , below 30 I will collect , and keep .

Posted by sitia > 2017-06-02 17:24 | Report Abuse

AAx is making a come back. Hovid is also making a come back. Daily trading together with market sentiments will affect the share prices.

Looking at Hovid, I strongly believed it will continue its uptrend looking at the support been achieved.

Posted by jumbojet > 2017-06-05 15:21 | Report Abuse

Hovid is a laggard stock

Posted by kingcobra > 2017-06-05 15:34 | Report Abuse

NEXT FEW QTRS U WON'T SAY LAGGARD STOCK ANYMORE....its OVERDONE!

Posted by jumbojet > 2017-06-05 16:19 | Report Abuse

next few qtrs will be 2018, then only we talk kingcobra

Posted by jumbojet > 2017-06-05 16:20 | Report Abuse

the price will hover around .33 n .34 till year end

Posted by NickLai > 2017-06-05 18:06 | Report Abuse

If it really hover around .33 n .34 till year end then that's good news since it built a support line on .33 which means it would have a big leap anytime.

Posted by Zainul Sidek > 2017-06-05 18:12 | Report Abuse

Just waiting for the time when seller become buyer , hopefully sept

Posted by Zainul Sidek > 2017-06-05 18:13 | Report Abuse

Wishful thinking

Posted by Taikoh > 2017-06-06 09:47 | Report Abuse

WTF

Posted by jumbojet > 2017-06-06 14:44 | Report Abuse

counter tidur better change to dream land mattress business

Posted by Daniel Pang > 2017-06-06 16:10 | Report Abuse

correction

t

i

m

e

Posted by jumbojet > 2017-06-06 18:02 | Report Abuse

another cartoon counter

Posted by prudentinvestor > 2017-06-08 16:08 | Report Abuse

This counter can suddenly move up a few sen one day. Be patient.

Posted by kevin5059 > 2017-06-09 12:04 | Report Abuse

Just went to take a quick look at the new R&D building at Bayan Lepas Penang during my lunch time. The car parks started to fill up with cars, might be started in operation or soon in operation compare to my last visit.

Posted by tiennhieu > 2017-06-09 16:59 | Report Abuse

maybe they are shortage of fun, so they collect parking fees in order to operate the business.......

Posted by Zainul Sidek > 2017-06-09 22:11 | Report Abuse

Hu hu hu

Posted by Daniel Pang > 2017-06-10 00:56 | Report Abuse

down trend just started, tp 0.20 in 3 to 6 months, sit tight.

Posted by aceso > 2017-06-10 10:21 | Report Abuse

i beg to differ... by Qr3 will hit 0.4

Posted by aceso > 2017-06-10 10:22 | Report Abuse

how can tp of 0.2 make any sense.. when there is a double in capacity from the dual plant which is not included in the current books. on top of that, their sales figure is increasing.

Posted by kingcobra > 2017-06-10 12:54 | Report Abuse

careful to those SOUR GRAPES' comments!...waiting 2 buy CHEAP from those PANIC SELLERS!...HOLD TIGHT AND U WILL BE REWARDED WITH HANDSOME GAINS!!!!!!!!!!!!!!