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Change in Risk CommitteeNo Risk Committee update available for this company.   gohkimhock Ong Choo Meng is holding 31% Chiau Beng Teik roughly 4~5%. Ride with them. Can't go wrong.. 17/09/2023 5:04 PM  Code2360 https://www.thestar.com.my/business/business-news/2023/09/20/opcom-expands-into-satellite-telecom-via-18-stake-purchase-in-binacom 20/09/2023 5:57 PM EVO118 Opcom emerges as largest shareholder in Binasat as MD sells stake. https://theedgemalaysia.com/node/684587 Some of you guys are 2 years behind in news. Have to keep up to date. 03/10/2023 10:34 AM Good123 MADEY sekeluarga mencuri wang rakyat melalui opcom sedang disiasat, dll kan? kes mahkamah kan? :) 06/10/2023 3:52 PM Edmundtrade Opcom engine started...predicted akan naik tak lama lagi. (only for short term) Anyway I belum masuk .. Berharap masih sempat go in b4 it jalan . Cheers everyone! :) 26/10/2023 9:18 PM Albukhary Wah Eddie Ong is really one of the biggest conman in the world. What happen to Opcom result after Eddie has acquire it. 28/11/2023 5:47 PM gohkimhock For the current quarter, the Group registered revenue of RM8.4million and loss before tax of RM9.6mil. The revenue was mainly contributed by Telecommunication Network and Manufacturing divisions. Following an evaluation of the business transactions in accordance to MFRS15: Revenue from Contracts with Customers, the Group revised its principal arrangement to an agency arrangement in the current quarter. As a result, an adjustment involving the reversal of RM37.0 million from revenue and cost respectively was made. Included in the loss before tax for the current quarter is the recognition of the impairment loss of its investment in an associated company of RM8.1million, difference arising from receivables discounted to present value of RM2.4million, and amortisation of intangible assets in relation to the acquisition of TJE amounting to RM7.8 million. 29/11/2023 10:16 AM gohkimhock Nothing wrong with its business operations. Only adjustment to accounting entries on revenue and cost of sales. one thumb up we can see is it s expanding business into telecommunications. 29/11/2023 10:20 AM SLLEE5732 https://www.channelnewsasia.com/asia/malaysia-5g-anwar-muhyiddin-huawei-3955646 01/12/2023 6:24 AM  johnny cash 🚨 [KNOWLEDGE SHARING] _This is a personal insight by Jack Ho and is not affiliated with any other entity or organization. Your discretion in keeping this information *private* is appreciated._ *DATO DR. YU KUAN CHON* In recent weeks, the share prices of HLCAP, IMASPRO, RAPID, and YNHPROP have significantly declined. According to reliable sources, the sell-off of Dr. Yu's stocks was primarily initiated by warehousers _(investors who lend money to company owners in return for monthly interest)_. Representatives from Dr. Yu reportedly failed to meet interest payments, leading warehousers to initiate the sell-off, particularly after Christmas last year. In these circumstances, other investors who had invested with the warehousers or acted on rumors were also compelled to sell their shares due to margin calls. Brokers involved in providing margins to investors, listed alphabetically as AmBank, CGS-CIMB, Maybank, Mercury, RHB, and UOB. Separately, it has been heard that Banks offering collateralized loans to Dr. Yu are seeking to increase their collateral size, suggesting concerns about Dr. Yu's ability to service his loans. *LEFORM* The sudden drop in share price from 50 sen on Tuesday to 17.5 sen today resulted from a company director selling his stake at 50 sen. This prompted other investors within the same "investors group" to follow suit. This particular counter is heavily cornered, and most investors using margin financing are affected. The selling pressure from the director's share sale, along with subsequent margin calls, contributed significantly to the share price decline. *ARTRONIQ & SCIB* Both companies also experienced declines during the same period as LEFORM. According to a reliable source, the sell-off was primarily due to a margin call by a businessman "Dato E," aiming to cover losses on his other collateralized share holdings. *My Opinion:* Given the above, I believe that within the next 2-3 market days, certain brokers will consider tightening their margin financing policy, potentially requiring investors to top up their margin or be forced to sell below the margin of safety. I also anticipate that the negative sentiment will impact the valuation of small and medium-sized companies. My primary concern is Dato E's situation, as my understanding is that he is highly leveraged among the brokers. Any event may trigger a domino effect, potentially leading to a market downturn. While an imminent market crash seems unlikely, I believe the impact of a margin call from Dato E will negatively affect several small and medium-sized companies. In terms of timing, I expect this sentiment to persist until the eve of Chinese New Year. DATO EDDIE IN DANGER POSITION,,, ANYTIME LIMIT DOWN... JUST ANYTIME... GOOD BYE EDDIE 20/01/2024 4:34 PM johnny cash Got any groups on opcom or hexcap????? Whatsapp or telegram groups??? Anybody here please 20/01/2024 4:37 PM xivix86 Many people left since this stock price down turn and at least price 2 year low. wonder what next 21/01/2024 10:39 AM ysyap84 Would agree with the opinion given by Johnny Cash as Dato E is on high leverage position because he keeps acquire assets (the listed companies). But the concerned is does he has enough cash flow to continue finance the acquisition costs? Moreover to service the existing loans may be in question. Only time can tell us later. According to his interview with the reporters. the target is to acquire 7-8 listed companies every year. Any mismatch of cash flow will eventually bring to disaster. 24/01/2024 5:56 PM ysyap84 What is the quarter result which will be released soon? Still in red????? Let us see... 20/02/2024 4:31 PM  | |
