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104823709 Private ID: 104823709
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    Focus Point Holdings Bhd’s growth prospects are driven by expansion of new optical outlets, improved food and beverage (F&B) performance and tourist spending.
    TA Research said the eyewear business will remain resilient in 2024 amid the prevalence of myopia among Malaysians.
    Thus, Focus Point remains optimistic about its optical business’ prospects and is targeting to open 10 new outlets and 10 Sightsavers outlets.
    The research house said the gr...
    Optimistic Growth Prospects for Focus Point Holdings
    Farm Price Holdings Bhd’s revenue is expected to grow at 8.9%, 9.2% and 10.3% for financial year 2024 (FY24), FY25 and FY26, respectively, led by the increased demand for its products from Singapore and the favourable exchange rates.
    Its net profit growth is expected at 9.1%, 11.3% and 13.2%, respectively, for the three financial years, said TA Research.
    The company, en route to a listing on Bursa Malaysia, is a Johor-based company involved in the wholes...
    Increase in Demand for Farm Price Products
    Business Activities
    🔰 Wholesale & distribution of fresh whole vegetables, prepacked vegetables, fresh-cut vegetables, F&B products & other groceries
    🔰 >1,000(!) stock keeping units (SKUs) / items of vege and F&B products
    🔰 Operates from its Senai Centralised Distribution Centre, Johor (79k sf area)
    🔰 Provides value-added services: processing, packing, cutting
    🔰 Has 6 regional distribution centres across peninsular (for F&B products)
    🔰 Operates 1 r...
    RHB Retail Research said Poh Kong Holdings Bhd is eyeing to resume the upside movement, testing the immediate resistance with high volume.
    In a trading stocks note on Monday, the research house said that the counter is seen consolidating sideways below the RM1.13 resistance.
    “We observe that trading volume has increased, this shows the bullish momentum is picking up pace again.
    “In the event the counter breaches past the immediate resistance, it should cl...
    Systech Berhad’s recent EGM underscored a unanimous shareholder endorsement for the RM75 million acquisition of Wilstech Sdn Bhd, a move that’s set to significantly bolster Systech’s capabilities in e-business solutions and cybersecurity. Here’s a closer look at the financial aspects that got the shareholders excited:
    Financial Highlights from the EGM
    • Acquisition Cost: Systech has agreed to acquire Wilstech for a total of ...
    Tycoon Tan Sri Vincent Tan is considering taking Kuala Lumpur-listed Berjaya Food Bhd private, according to people with knowledge of the matter.
    Tan is in talks with banks about financing for a potential deal, said the people, asking not to be named as the matter is private.
    Shares of Berjaya Food, which owns 100% of Starbucks Corp’s Malaysian operations, have dropped about 28% in the past year, giving it a market value of US$229mil.
    Berjaya Corp, a ...
    A more balanced demand-supply market for the glove sector is likely to see an improvement in profitability of glove manufacturers.
    Phillip Capital Research, which has initiated coverage on the glove sector with an “overweight” rating, expects sales volumes to pick up sequentially on re-stocking activity after two years of inventory adjustments.
    Average selling prices (ASPs) have also stabilised and are likely to trend higher on a more balanced market, the rese...
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