FUSION STYLE (FS) -Public-

*HLIB Retail Research – 5 July – Bullish Tracker* *FOCUSP (0157-BUY-TP: RM1.14): Main Market, Consumer* *Outlook* We are encouraged with the growth momentum that the group has shown for 1Q. *Optical business* grew healthily by +15% YoY underpin by (i) spike in tourist arrivals; (ii) optical store expansion; and (iii) on boarding of new corporate customers which contributed to sustained spending in optical products. The group remains focused on expanding its street shops and Sight Savers franchise programme. This will enable the company to broaden its reach, particularly in rural areas where smaller optical shops are prevalent. YTD it has opened four Sight Savers outlet with six more in the pipeline for FY24. *On F&B*, the focus remains on boarding corporate clients for B2B business. Sales for its main corporate client has been robust with increase in monthly revenue contribution. Moving forward, we anticipate the company will continue to deliver robust earnings performance throughout FY24 and further expand its business operations in FY25. Technically, the stock is poised for a *triangle breakout*. A successful breakout above immediate hurdles at 0.83-0.85 could spur greater upside towards 0.92-0.98-1.00 zones. Key supports are pegged at 0.76-0.80 ✅Current price: RM0.825 ✅Entry: RM0.78-0.80-0.825 ✅Resistance: RM0.85-0.92-0.98 ✅Cut loss: RM0.765 ✅FY25E P/E: 9.2x (industry: ~20x) ✅FY25 Dividend yield: 3.7% ✅Risk profile: Low Please join us on HLeBroking telegram channel: https://t.me/hlebroking Disclaimer: www.hlebroking.com/v3/disclaimer.asp

NGGB weekly

FSVVIP dah dapat dari (E) dan C

Ada yang menangis tengok ke?

SKBSHUT

Mengkotak nak pergi mana lah tu agaknya?

ECOMATE

Sungguh menarik market hari ni