https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3341863 The Board of Directors of Focus Point Holdings Berhad ("the Company") is pleased to announce that the resolution as set out in the Notice convening of the Extraordinary General Meeting ("EGM") dated 17 March 2023, was duly passed at the EGM of Company held earlier today, 4 April 2023. PROPOSED BONUS ISSUE OF UP TO 131,999,790 NEW ORDINARY SHARES IN FOCUS POINT ("FOCUS POINT SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 5 EXISTING FOCUS POINT SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF SHARES")
https://theedgemalaysia.com/node/683365 the research house said that encouragingly, corporate sales chartered a 56% year-on-year (y-o-y) growth on the back of active on-boarding of new customers. It said the group also continues to drive stronger marketing and promotional activities to push retail sales. As for F&B (food and beverage), we are confident that the sales momentum will continue with the increase in orders from new corporate clients.
Focus point is another consumer stock that retail investors can pay attention to.....still quite low valuation, waiting for HL research to give new TP........ :)
Notable substantial shareholders include Malaysia government 13,39%, Hong Leong Asset Management 6.54%, Public Mutual 3.39%, Kenanga Investor Bhd 1.288%, Hong Leong Foundation 1.136%
As of 2024-04-17, the Intrinsic Value of Focus Point Holdings Bhd (FOCUSP.KL) is 1.04 MYR. This FOCUSP.KL valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 0.71 MYR, the upside of Focus Point Holdings Bhd is 46%. The range of the Intrinsic Value is 0.77 - 1.54 MYR.
Easy for the company to replicate yogurt shops at the malls competing with lialiao. At least it is healthier for elderly than sugary drinks of so many franchises eg Teal...
I recall reading in the Edge In Dec23/Jan24 that Focusp was some fund manager's stock pick for the year. It's May already... and focusp is still trading between 70-77 sen *yawn* But trailing PE is 11.5x... attractive for consumer stock, esp since it has own brands. Why not much interest ler??
Another great QR, YoY improved! And we shall see F&B be profitable should they continue this trend next cycle. Seems like the new franchise might be a timely addition too, little to no negative impact I presume.
Meanwhile, the lower QoQ is consistent with the cyclical demand of the FY. I wonder if they will expand their eye-care business in terms of hospitalized / in-out patient care like Optimax do? Anyone today attended the AGM and asked?
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pinnaclegrade
366 posts
Posted by pinnaclegrade > 2023-02-22 09:26 | Report Abuse
bonus issue is just a marketing gimmick, to appear "cheaper" than it really is