Market Info
22
Focus Point Pursues Expansion Amidst Economic Recovery Focus Point Holdings Berhad continues to rev its engines as it picks up pace post-pandemic and drives rapid business growth. ntegrated optical care group, Focus Point Holdings Berhad, has allocated a higher capital expenditure of RM16 million for the financial year ending December 31, 2022 compared to RM12.72 million (13.57 million) in FY2021. The higher allocation of funds will be channelled towards the opening of new outlets and the upgrading of existing stores. According to Datuk Liaw Choon Liang, President and Chief Executive Officer (CEO) of Focus Point, the Group has plans to open an additional 12 to 15 optical outlets and three to four F&B outlets under the Komugi brand in Malaysia in 2022. The Group currently has 182
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Malaysia Retailer Vol 10 No 1
optical outlets and 10 Komugi stores in Malaysia. With the economic recovery and reopening of international borders, Focus Point is confident that business prospects are promising for the months ahead. Datuk Liaw shared that with the opening of borders since April 1, Focus Point has experienced promising growth in its business as consumers begin to frequent shopping malls around the country. Reviewing the performance of the Group over the last two months, he added that it has been better than the pre-COVID-19 performance as a result of “revenge buying” among consumers. In the recent annual general
meeting, the Group committed to continue to drive its business growth with its optical business which makes up 82 percent of its turnover in FY2021, followed by its F&B business which accounts for 15 percent and its Lasik surgery business which accounts for 0.3 percent. In further penetrating the optical business, Focus Point recently launched a new optical brand, Optometris Anggun, largely targeted at the mid-to-high-end Malay market. To-date, the Group has opened three Optometris Anggun outlets over a span of two months, while the opening of two more new outlets is in the pipeline in the coming months.
