Equity Analysis /
Malaysia

MY : Optimax Holdings - All eyes on network expansion plan

    CGS-CIMB
    17 April 2022
    Published byCGS-CIMB

    We came away from the briefing slightly more positive. Optimax posted healthy growth in surgeries in 1Q22 is ramping up its network expansion. Higher staff cost this year is expected, with no other major cost pressures. Reiterate Add with slightly higher TP of RM1.55, pegged to 28x CY23F P/E.