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Research by Malacca Securities
Hold – Target Price RM0.72

“Ended FY23 Within Expectations”

Maintain HOLD, TP: RM0.73. Given the forecast is unchanged; we maintain our HOLD recommendation on NOVA, with a target price of RM0.73 pegged to FY24f forecasted earnings. The target price is derived by ascribing a P/E of 14.0x to FY24f EPS of 5.2 sen. Do note that, NOVA has a dividend policy of distributing not less than 30.0% of its annual net profit after tax.

Analyst:
Loui Low Ley Yee 
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$KLSE-NOVA 
Research by Malacca Securities
Hold – Target Price RM0.72

“Ended FY23 Within Expectations”

Maintain HOLD, TP: RM0.73. Given the forecast is unchanged; we maintain our HOLD recommendation on NOVA, with a target price of RM0.73 pegged to FY24f forecasted earnings. The target price is derived by ascribing a P/E of 14.0x to FY24f EPS of 5.2 sen. Do note that, NOVA has a dividend policy of distributing not less than 30.0% of its annual net profit after tax.

Analyst:
Loui Low Ley Yee 
louilow@msec.com.my

$NOVA / 0201 (NOVA WELLNESS GROUP BERHAD)