Stock Digest - OPTIMAX - Growing gradually and in line with our expectations

Although OPTIMAX core net profit came in within expectation and the outlook remains optimistic, we are ceasing the coverage due to reallocation of internal resources. Our last recommendation on OPTIMAX was BUY with a fair value of RM1.15, which was derived by assigning a target P/E of 40.0x to FY23f EPS of 2.9 sen.

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