OPTIMAX - New Vision . New Life . New High

Background: Optimax Holdings Sdn Bhd is the largest Malaysia-listed private pureplay eye specialist services provider. The Company operates approximately 13 eye specialist centers across Malaysia.

Catalyst:
1) The growing ageing population in the country plus rising affluence among consumers are expected to result in higher demand for eye-specialist services. World Bank data showed that Malaysia’s population aged >50 years posted a 9-year CAGR of 3.7% between 2011-20 to reach 6.7m, accounting for 20.7% of the total population in 2020.
​https://www.theedgemarkets.com/article/amid-rise-ageing-population-and-affluence-optimax-sees-future-growth​

2) Expansion Plan
a. Inked a Memorandum of Understanding (MOU), to operate eye specialist centres for designated Selgate hospitals on an exclusive basis (year 2024-2026), the first intend collaboration hospital will be in Selgate Hospital Shah Alam branch, while potential future collaboration branches include Rawang, Kota Damansara, Shah Alam, Gombak and Kuala Selangor.​
​https://www.businesstoday.com.my/2021/12/18/optimax-appointed-exclusive-eye-specialist-operator-for-all-selgate-hospitals/​

b. Ambulatory care centre (ACC) in Bahau, Negeri Sembilan undergoing renovation works and is targeted to complete by the second quarter (Q2) FY22.

c. Setting up its first satellite clinic in Sutera, Johor Bahru and three other satellite clinics slated to open in the Klang Valley in 2H22F

d. Plan to expand its ambulatory care centres (ACC) in Sabah
​https://www.nst.com.my/business/2021/10/738746/optimax-eyes-east-malaysia-expand-footprint​

e. New specialist hospital in Kempas, Johor extimate to start operations in 2H24F

3) The reopening of state borders, gradual recovery of economic activities and efficient roll-out of vaccination has been supportive of the rise in the number of patients
​https://www.nst.com.my/business/2022/02/774399/optimax-holdings-record-revenue-rm2661mil-q4​

4) Patient numbers were also supported by continued efforts to offer promotions through online marketing platforms, which reflected positively on revenue.
​https://www.nst.com.my/business/2021/11/748489/optimax-posts-solid-q3-results-back-economic-re-opening-easing-covid-19​

5) Optimax Holdings Bhd is venturing into the metaverse through a memorandum of agreement (MoA) with Metabond Group Sdn Bhd. Under the MoA, Optimax will be given access to a plot of land in the Soulbond virtual world, which can be developed to promote and provide Optimax's products and services to visitors and players of the Soulbond MMORPG (massively-multiplayer online role-playing game).
​https://www.nst.com.my/business/2022/03/781825/optimax-holdings-ventures-metaverse-metabond-group​

6) Due to good financial report, Optimax potential to transfer to the Main Market of Bursa Malaysia from the ACE Market ​by the fourth quarter of this year.
​https://www.theedgemarkets.com/article/optimax-transfers-its-listing-main-market​

TA VIEWS:
EP: RM 0.62 - 0.63
SP: RM 0.605
RST: RM 0.655
TP: RM 0.69 / 0.72

a) Trend: Mid term uptrend, long term sideway
b) Cross above MA5,10,20,50 & 200
c) ADX, RSI and Stoschastic pointing up
d) MACD above 0 central line and pending to cross up

Holding period: 3 months - 6 months
Potential Return if bought at RM 0.63:
TP 1: RM 0.69 = 9.5%
TP 2: RM 0.72 = 14%

https://www.nst.com.my/business/2022/08/821052/maybank-ib-upbeat-about-optimax-holdings-bhds-long-term-domestic-regional

Broker houses Target price:
1) ​Maybank IB - 10 August 2022: RM 0.74
​https://www.nst.com.my/business/2022/08/821052/maybank-ib-upbeat-about-optimax-holdings-bhds-long-term-domestic-regional​

2) ​Mplus Research - 26 May 2022: RM 0.94
​https://klse.i3investor.com/web/staticfile/view/461940​
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3) ​Mplus Research - 22 August 2022: RM 1.04
​​https://klse.i3investor.com/web/staticfile/view/470215​


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Other references:

​https://www.sinchew.com.my/20220404/%e9%a2%86%e5%86%9boptimax-34%e5%b2%81%e9%99%88%e6%ac%a3%e4%bb%aa%e4%b8%8d%e8%b4%9f%e4%bd%bf%e5%91%bd/​

​https://www.sinchew.com.my/20220704/optimax%E5%85%B7%E6%8A%95%E8%B5%84%E6%BD%9C%E8%83%BD%EF%BC%9F/​

​https://www.nst.com.my/business/2022/08/823832/optimax-holdings-net-profit-surged-more-two-fold-rm459mil-q2​

​https://www.optimax2u.com/about.php​

​Disclaimer : The above opinion is never intended to be a BUY SELL CALL. The above article purely for education purpose base on observations, chart and data. Thank you.