[%qirb%] 
Research by RHB
Buy – TP RM 1.20

"Expect a Record Year In FY24; BUY”

• Maintain BUY and MYR1.20 TP, 50% upside with 5% yield. We remain positive on Focus Point’s prospects following its post-results briefing last Friday. We anticipate FY24 earnings to reach a new high with stronger seasonal factors in 2H, driven by strong brand equity in the optical segment and a sustained turnaround in the F&B business. Its current market valuation of 8.7x FY25F P/E is undemanding, considering the company’s experienced management team, solid earnings delivery, and attractive high ROEs

Analyst:
Tai Yu Jie
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Soong Wei Siang
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$KLSE-FOCUSP 
Research by RHB
Buy – TP RM 1.20

"Expect a Record Year In FY24; BUY”

• Maintain BUY and MYR1.20 TP, 50% upside with 5% yield. We remain positive on Focus Point’s prospects following its post-results briefing last Friday. We anticipate FY24 earnings to reach a new high with stronger seasonal factors in 2H, driven by strong brand equity in the optical segment and a sustained turnaround in the F&B business. Its current market valuation of 8.7x FY25F P/E is undemanding, considering the company’s experienced management team, solid earnings delivery, and attractive high ROEs

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

$FOCUSP / 0157 (FOCUS POINT HOLDINGS BERHAD)