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.

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ntegrated optical care group, Focus Point Holdings Berhad, has allocated a higher capital expenditure of RM16 million for the nancial 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 O cer (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 optical outlets and 10 Komugi stores in Malaysia.

With the economic recovery and reopening of international borders, Focus Point is con dent 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.

Speaking about the e ects of China’s lockdowns on the Group’s eyewear supply chain, Datuk Liaw explained the impact on the company’s business has been minimal, as the Group is wellstocked in all its warehouses. The company also has suppliers from Europe, Japan and South Korea, which helps cushion the impact of the lockdowns in China.

Addressing concerns about price hikes with the weakening of the ringgit, Datuk Liaw shares that the impact is not signi cant on the Group’s optical business as they would just follow the recommended prices set by the brand principles.

Meanwhile, in the F&B business, the company has had to raise the prices of certain products by approximately 5 to 10 percent over the last two months as a result of rising cost of ingredients. The Group is constantly monitoring the situation due to concerns about shortage of ingredients such as flour. The hope is that there will not be another price hike in the near future.