Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Friday, April 4th, 2025

Optimax Holdings: Visionary Growth with Strong Market Position

Date: October 22, 2024
Broker: CGS International

Overview

Optimax Holdings is a Malaysian healthcare company specializing in eye care services. It operates a network of eye specialist centers across Malaysia, offering comprehensive services such as cataract surgeries, LASIK treatments, and other ophthalmological procedures. The company is known for its focus on quality care and advanced eye treatment technologies.

Current Stock Performance

  • Last Price: RM 0.675
  • Entry Price Range: RM 0.695
  • Support Levels:
    • Support Level: RM 0.630
  • Resistance Levels:
    • Resistance 1: RM 0.77
    • Resistance 2: RM 0.795
  • Stop Loss: RM 0.630
  • Target Prices: RM 0.77, 0.795

Technical Analysis

The stock of Optimax Holdings is currently trading at RM 0.675, slightly below its entry price level of RM 0.695. Despite recent fluctuations, the stock has shown resilience, maintaining support at RM 0.630. Technical indicators suggest the potential for an upward movement if the stock can sustain its momentum and approach the resistance levels at RM 0.77 and RM 0.795.

The setup indicates a consolidation phase, where prices have stabilized, and any increase in buying pressure could trigger a breakout. The company’s strong positioning in the healthcare sector and expanding network of eye care centers support its long-term growth potential.

Trading Strategy

Traders may consider initiating long positions at the current price or on pullbacks towards RM 0.695, with a stop loss set at RM 0.630 to mitigate risks. The targets at RM 0.77 and RM 0.795 present opportunities for profit if the stock continues to recover, guided by strong support levels and positive technical signals.

Analyst Comments

Optimax Holdings’ technical setup reflects a stable base, with support and resistance levels providing a clear structure for potential gains. The company’s focus on expanding its eye care services and maintaining high standards of patient care continues to drive investor interest. If the stock can overcome the initial resistance, further upside can be anticipated, making it a promising choice for traders seeking exposure in the healthcare sector.

ASEAN Market Insights: Key Stocks to Watch in 2024 Amid Economic Recovery

Regional Morning Notes: Comprehensive Analysis of Key Companies in Asia Regional Morning Notes: Comprehensive Analysis of Key Companies in Asia Broker: UOB Kay Hian Date: Tuesday, 12 November 2024 Greater China: Property Sector Channel...

Airports of Thailand (AOT) Faces Uncertainty: King Power’s Liquidity Issues Impact Earnings and Outlook

Comprehensive Analysis of Airports of Thailand (AOT) | UOB Kay Hian Deep Dive Analysis: Airports of Thailand (AOT) – Opportunities, Challenges, and Financial Performance Report by UOB Kay Hian | February 17, 2025 Overview...

CanSino Biologics (6185.HK): Bullish Uptrend Emerging in Hong Kong Biotech Stock

Hong Kong Retail Research: Comprehensive Analysis of CanSino Biologics Inc, Singapore Airlines, Sembcorp Industries, OCBC, and United Overseas Bank Hong Kong Retail Research: Comprehensive Analysis of CanSino Biologics Inc, Singapore Airlines, Sembcorp Industries, OCBC,...