Hovid – reached pricy level faster than we expect – selling soft

We have started holding HOVID months ago with a mid to long term target at RM 0.500. However, rumours and profits increased triggered activities. The price has since trading at now RM 0.460 above which is more than 20 times PE. We decided to reap this quick profit. As the upward trend persist, we will sell slowly from this level.