Stock Digest - Nova Wellness Group Bhd - Still a challenging landscape for a recovery

We expect a slower growth on NOVA’s performance as the group navigates the challenging post-Covid-19 landscape and global economic uncertainties and we believe NOVA’s target outlets of 1,200 may be tough to achieve in CY23. Nonetheless, NOVA remains committed to expand on the product portfolio and its market presence while striving for enhanced production efficiencies. Additionally, the group is working on introducing new programmes for its partners.  

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