Everyone should familiar Hor Yan Hor herbal tea. The company has change the name to hovid .
Established in 1945, Hovid SDN BHD has grown to become one of Malaysia's Leading Integrated Pharmaceutical companies. Hovid has in its portfolio over 300 different kinds of pharmaceutical products, supplements as well as tocotreienols and herbal tea.
Carotech is subsidiary of Hovid and involved in the extraction and processing of nutrients from palm oil. The company is the largest producer of tocotreienols in the world. Both Hovid and Carotech have strong team in R&D and collaborated with university biotech. It is seldom to see that malaysia company have this strength.
The Carotech is expanding rapidly and secure a contract with Japan company to supply bio-fuel.
I rate Hovid a buy for long term which the counter is growth stock. The current price of Hovid is RM1.66.
