[%gZAs%] 
Research by RHB
Buy - TP RM1.20

"Gaining Momentum; Keep BUY"

Keep BUY, new MYR1.20 TP from MYR1.12, 51% upside with 5% FY24F yield. Focus Point’s 1H24 results are in line, driven by robust growth in the optical segment and promising progress in the F&B unit. We expect the group to continue delivering a robust performance amidst soft consumer sentiment, supported by its solid fundamentals, thereby outperforming most of its retail peers. Its current valuation remains compelling, given its sustainable earnings growth and solid execution by management.

Analysts:
Tai Yu Jie
[%rDHP%]
Soong Wei Siang 
[%HGgy%]

$KLSE-FOCUSP 
Research by RHB
Buy - TP RM1.20

"Gaining Momentum; Keep BUY"

Keep BUY, new MYR1.20 TP from MYR1.12, 51% upside with 5% FY24F yield. Focus Point’s 1H24 results are in line, driven by robust growth in the optical segment and promising progress in the F&B unit. We expect the group to continue delivering a robust performance amidst soft consumer sentiment, supported by its solid fundamentals, thereby outperforming most of its retail peers. Its current valuation remains compelling, given its sustainable earnings growth and solid execution by management.

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

$FOCUSP / 0157 (FOCUS POINT HOLDINGS BERHAD)