KUALA LUMPUR: Optical industry player Focus Point Holdings Bhd is eyeing to increase the contribution of its food and beverage (F&B) segment to group .
The reopening of China’s borders, stronger marketing and promotional activities, as well as the diversification of its food and beverage (F&B) segment are expected to be the main growth drivers for Focus Point Holdings Bhd.
Here is a brief recap of some corporate announcements that made news on Tuesday (Feb 21) involving AirAsia X Bhd, DRB-Hicom Bhd, Sports Toto Bhd, Nestlé (Malaysia) Bhd, Star Media Group Bhd, George Kent (Malaysia) Bhd, Sunway Construction Group Bhd, MMAG Holdings Bhd, Focus Point Holdings Bhd and Nestcon Bhd.
THE recovery theme was well in play even before Malaysia began its transition to the endemic phase of Covid-19 on April 1 because markets traditionally move ahead of the economy and financial results by at least six months. Some stocks began to rally in the early part of the year as investors anticipated that they would benefit from the reopening of borders. While some companies have continued to gain after the reopening of all economic sectors, profit-taking has had an effect on some stocks despite turning in a better financial performance year on year.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has announced the transfer of Focus Point Holdings Bhd’s securities from the ACE Market to the Main Market of Bursa Securities under the "Consumer Products & Services” sector, at 9 am on Jan 5, 2023.