Focus Point

Focus Point

Postby winston » Tue Jul 14, 2020 12:12 pm

not vested

On stock selection, we believe a 40% plunge from YTD high of RM0.77 (21 Feb) to RM0.465 yesterday has made Focusp’s (owns and operates eye care centres and F&B business i.e. café and bakery business under the brand name of “Komugi” and third party sales) valuation attractive again (9.3x FY21E P/E with 4.3% DY).

Despite anticipating a weak 2Q20 results due to extended MCO, we expect a better 2H20 following its pivot to e-commerce and cost savings from rental waivers and reduction in staff cost coupled with the expanding F&B sales to Family Mart and other food outlets (Sushi King, Secret Recipe) and potential entry of new clients.


Technically, Focusp has successfully staging a LT downtrend line breakaout with high volume yesterday.

Given the widening upper Bollinger band, the stock is poised for a further upside to retest RM0.50-0.52-0.55 levels in the near term.

Key supports are near RM0.43-0.42-0.40. Cut loss at RM0.39.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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