InvestIdeas

Not vested

Hovid Bhd - Patent Cliff To Drive Growth
http://klse.i3investor.com/servlets/ptres/24086.jsp

Already exceeded FV 46cents.

Yup. I like the biz they are in......generic drugs. Just putting this counter in my list so that I can come back when price came down. I am looking at e&o but price went up the roof too.

Bro, how about dialog? got bonus issue too.

did not follow this counter. I am slowing trying to learn more about Malaysian stocks but honestly from what I read, I am still not comfortable with the regulatory. Singapore stocks are much more safer though S-chips are the odd ones out.

not vested

Stronger dose of earnings in 2H

Hovid’s 1HFY6/15 net profit made up 49% of our full-year forecast and 48% of consensus’.

This is deemed as above expectations, as sales in the second half of its financial year are seasonally stronger.

Moreover, the company should also benefit from the weaker ringgit given that half of its revenue is derived from the export market.

Hovid declared a dividend of 0.5 sen per share, which is in line with our forecast.

We raise our FY15-17 EPS forecasts by 4-7% to account for the better performance.

This lifts our SOP-based target price to RM0.45.

Nonetheless, we downgrade Hovid to Hold from Add as its share price upside is limited.

We prefer Pharmaniaga for higher upside.

Source: CIMB

https://brokingrfs.cimb.com/_A92ItG_dXh ... 3wAlw1.pdf

When to make an entry

FYI

http://klse.i3investor.com/servlets/stk/7213.jsp

(Nice to read some of the comments. Quite informative)

Thanks.