- Dietary supplements. Nova’s dietary supplements include vitamin, mineral and herbal
Nova Wellness Group Berhad (Nova) (KLSE: NOVA) is a nutraceutical company listed on the Ace Market of Bursa Malaysia since July 2018. In this article, we will take a closer look at the business, management and financial aspects of the group, to assess whether it is worth an investment.
Background operations
Established in 1989, Nova’s principal activities are in (i) development, production and sales of nutraceutical and skincare products under its house brands; and (ii) contract manufacturing and services (OEM) development and production of nutraceutical products. Products under house brands are categorized under nutraceutical products and skincare products. Under house brand nutraceutical products, Nova offers dietary supplements and functional food.
Nova has five house brands and these include Nova, ActivMax, Sustinex, Novavis and SP8. The group has 88 products, of which 37 are certified halal by the Department of Islamic Development Malaysia (JAKIM).
