This is going to be a shorter writeup than many of my others, as this is as simple and clean an investment case as you can get.
It’s not often that you get a company with low cyclicality, in a dominant competitive position, with a decade of clean, consistent growth at a sub 10x PE ratio, however in the small caps of Malaysia that’s what I believe we’ve found in Focus Point Holdings Berhad ($FOCUSP), Malaysia’s largest optical retailer.
Focus Point runs 200 glasses stores across Malaysia, making up around 20% of the market.
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