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Insider - Director Hints :
  zoizai eps 3 sen With PE 20 , the target price is 60sen Fundamental support price is 60sen 31/01/2024 9:41 AM  Learner68 within a month, sharp fall from 1.30 down to close 0.90.. Strong revenue growth path is required to get the price up... else will keep heading south. 31/01/2024 3:43 PM zoizai Price not supported by fundamental. Eventually will drop back to ipo price 31/01/2024 3:58 PM KPH5328 UOB's report dated 27Nov2023: Forecasting a three-year revenue/core net profit CAGR of 29%/31%, on the back of assuming: a) increasingly higher revenue per engineer on an hourly basis, b) progressively higher utilisation rate on increasing available vs billable time, and c) increasing headcount of design engineers towards FY25. Note that the group’s headcount stood at 270 as of 1QFY24. The group has earmarked RM50m for the expansion of its workforce to: a) support the needs of its existing and potential customers, and b) continue developing its human resources capabilities, ensuring its long-term sustainability. TP RM2.18 (from RM2.53), based on a rollover 50.0x 2024F PE. 02/02/2024 5:03 PM KPH5328 It seems market totally disagrees with UOB, rate Oppstar at much lower valuation after it posted poor result in Q3. 02/02/2024 5:09 PM TradeHarbor Now Oppstar's PE is 30.51x and it's lower than Tesla. Time to collect? 06/02/2024 9:29 AM GammaRay Nice Q3 result. It has improved compared to preceding quarter and last year 27/02/2024 6:19 PM NoTimeToTrade Wah, this stock still going down ah? and now our wonderful gomen thinking of enforcing minimum wage of RM3000 for university grads, Oppstar might as well tapao and move to India where the engineers are abundant and cheap. The name Oppstar also suei 1... like a hiccup, "Opps" 18/03/2024 12:37 PM KPH5328 Updates by UOBKH post QR in Feb 2024: • Missed expectations. Oppstar reported a sequentially stronger 3QFY24 core net profit of RM4.6m (+16% qoq) but still below our and consensus full-year estimates. That said, there was an earnings gap dragged by the lower-than-expected turnkey project contribution (timing difference of revenue recognition) alongside the higher headcount costs and the incurrence of RM2.2m in shares option expenses. • 9MFY24 revenue increased 3% yoy, driven by higher contribution of specific design services from new customers. This was partially offset by weak turnkey service contribution. Core net profit meanwhile dropped by 11%, primarily due to higher headcount costs, as the group increased its headcount to 264 (from 203 in 3QFY24) to support its multi-pronged strategies alongside the incurrence of RM2.2m in shares option expenses. • 3QFY24 revenue jumped 8% and core net profit grew by 16% as a result of higher contribution from turnkey design services which had higher margin. Note that turnkey design services contributed 77.8% (+10.0ppt) of the group’s total revenue during the quarter. • New collaboration to spearhead growth. Oppstar had on 13 Jul 23 entered into an MOU with Chen Junhua and Shenzhen City Yixin Investment (Yixin) with an intention to jointly establish an investment holding company and an IC-related product company to be based in Shanghai. • Note that the MOU will allow the parties to leverage on each other’s strengths and expertise and allow the parties to develop and co-own the IPs which can potentially create an additional revenue stream for the Oppstar Group. • Multi-pronged strategies to aggressively capture sea of opportunities. Besides a wider geographical expansion for its design services, continuous customers engagement for full and IP turnkey and China expansion for product development, the group is also building relationships with foundries for better business traction and sustainability. • On this front, it has been gaining traction with a global leading foundry. Additionally, Oppstar has added two new customers (each from NEA and SEA) and is expecting to secure one more SEA customer with earnings traction to follow in subsequent quarters. • In the NEA areas, its expansion to Japan is in progress with the group having to obtain the ‘haken’ licence which allows it to directly hire foreign engineers for projects in Japan. We believe the gap of earnings shortfall could be swiftly closed-up in the next two quarters. • After model updates, we cut our FY24-25 earnings by 8%/20% to account for slower turnkey project contribution. • Maintain BUY with a lower target price of RM1.70 (from RM2.18), based on a rollover 45.0x 2024F PE. As there are no comparable local listed peers for valuation purposes, our valuation yardstick is based on its global peers’ average two-year forward PE. 19/03/2024 3:41 PM AnthonyAng666 UOB was giving good views about Oppstar too. Breaking Rm1.20 is possible within this month. ha 22/03/2024 5:39 PM Learner68 previously these CxOs bought back @1.28 and now sold @1.14 with substantial amount. Not a very good sign. 27/03/2024 9:27 AM Bao2lai 기업의 경쟁력은 브랜드가 아니라 인재풀에 달려있습니다. 회사의 가장 가치 있는 자산 역시 무형자산이 아닌 인재의 수에 달려 있습니다. 이 유형자산은 두 개의 다리를 가지고 탄생합니다. 이 두 다리가 언제 경쟁사의 자산 프로젝트에 들어갈지 알 수 없습니다. 16/04/2024 9:16 PM mf The Israeli war cabinet is set to meet again on Tuesday, according to Reuters. The prime minister’s office and foreign ministry did not immediately respond to a CNBC request for comment. Speaking after the cabinet’s Monday gathering, an Israeli official said the country’s decision-makers believe it is important for any potential response to closely follow the attack, and that such a gesture would be coordinated with Washington, NBC News reports. 16/04/2024 9:31 PM  | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
