The decrease in PBT is mainly due to the below reasons: a. An increase in operating cost where additional staffs (ie doctors, nurse, optometrist and supporting staff) hired in advance for the upcoming expansion of new ambulatory care centres and satellite clinics/centres at the new location. Hence, staffs will be well trained in the existing centres before transferring them to the upcoming new ambulatory care centres and satellite clinics/centres. b. The Group hired an operations team and plastic surgery surgeons in preparation to apply for a plastic surgery license, which was successfully obtained in August 2023. c. Pre-operation costs (i.e., consultancy and professional costs) were incurred at the Cambodia ambulatory care centre. All the above costs are expected to be normalised once the new ambulatory care centres/satellite clinics commence in FY2024.
Over the next 18 months, Optimax will open a satellite clinic in Taman Melawati in 4Q23, and ACCs in Atria (PJ), Kempas (Johor), Kota Kinabalu, and Cambodia in 2024. Optimax also plans to offer its plastic surgery and aesthetic services in Atria ACC. Its collaboration with Selgate for the Setia Alam Hospital eye specialist centre is slatted for construction completion and opening by 4Q24.
Rest assured, tis company will continue to optimize its operational costs and seek strategic locations across Malaysia to set up more ambulatory care centres/satellite clinics to support its growth
long-term demand drivers for eye specialist services including Malaysia’s growing population size and demographic; prevalence of lifestyle diseases; lifestyle changes and rising affluence
Optimax 60 cents Buy call optimax if below 60 cents.if below again just buy. Tp 72-75 cents. 4/3/24 12.05am
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Posted by Progicer > 2023-11-28 16:09 | Report Abuse
Not much movement also, very hard to get at lower price