Stock Digest - Nova Wellness Group Bhd - Ended FY23 Within Expectations

Results within expectation. NOVA registered a core PATMI of RM3.5m (QoQ: +19.5%, YoY +156.5%) for 4QFY23, bringing the full year core PATMI to RM14.3m, the result was within our and consensus forecasts at 97%, respectively. Given the forecast is unchanged; we maintain our HOLD recommendation on NOVA, with a target price of RM0.73 pegged to FY24f forecasted earnings. 

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