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Research by RHB
Buy – TP RM1.12

“On Track For Sustained Growth; BUY"

Keep BUY and MYR1.12 TP, 39% upside and 5% yield. After meeting up with Focus Point’s management, we remain upbeat about the company’s outlook. The robust topline growth in 1Q24 (+15.4% YoY) is expected to sustain into 2Q24F, thanks to its effective marketing strategy and rising myopic population. The current valuation appears compelling, given FOCUSP’s ability to drive industry-leading growth underpinned by its market leadership and strong brand equity in the optical business.

Analysts:
Tai Yu Jie
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Soong Wei Siang 
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$KLSE-FOCUSP
Research by RHB
Buy – TP RM1.12

“On Track For Sustained Growth; BUY"

Keep BUY and MYR1.12 TP, 39% upside and 5% yield. After meeting up with Focus Point’s management, we remain upbeat about the company’s outlook. The robust topline growth in 1Q24 (+15.4% YoY) is expected to sustain into 2Q24F, thanks to its effective marketing strategy and rising myopic population. The current valuation appears compelling, given FOCUSP’s ability to drive industry-leading growth underpinned by its market leadership and strong brand equity in the optical business.

Analysts:
Tai Yu Jie
tai.yu.jie@rhbgroup.com
Soong Wei Siang 
soong.wei.siang@rhbgroup.com

$FOCUSP / 0157 (FOCUS POINT HOLDINGS BERHAD)