<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 15): Apex Securities Berhad has initiated coverage on Optimax Holdings Bhd with a "buy" rating at 64 sen and a target price (TP) of 76 sen, based on a 23.0x price-to-earnings (PE) ratio pegged to FY2025F earnings per share of 3.3 sen.</p></div>

<div class=newsTextDataWrapInner><p>In a note on Friday, the research house said the price earnings ratio assigned for valuation is based on two-year historical average PE.</p></div>

<div class=newsTextDataWrapInner><p>“We are optimistic about Optimax's earnings growth prospect, premised on the prudent management practices, which have been evident in its financial performance over the past few years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Despite various challenges and market fluctuations, Optimax consistently delivered solid results, indicating a strong foundation and effective management strategies,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Moreover, Apex said Optimax's aggressive expansion initiatives, both within Malaysia and beyond, further bolster its confidence in the company’s growth potential.</p></div>

<div class=newsTextDataWrapInner><p>“Revenue is forecasted to expand 15.0% year-on-year (y-o-y) and 5.0% y-o-y to RM131.6 million and RM136.6 million in FY24F and FY25F respectively, driven by Optimax's extensive expansion locally and internationally, alongside the addition of new services such as plastic surgery and aesthetic services,” it said.</p></div>


Apex Securities Berhad has initiated coverage on Optimax Holdings Bhd with a "buy" rating at 64 sen and a target price (TP) of 76 sen, based on a 23.0x price-to-earnings (PE) ratio pegged to FY2025F earnings per share of 3.3 sen.

Apex Securities starts coverage on Optimax, target price 76 sen

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