KUALA LUMPUR: Mesdaq-listed Opcom Holdings Bhd has bagged a RM359 million two-year contract for the supply of passive fibre-to-the-home (FTTH) system to Telekom Malaysia Bhd ™.

This contract presumably relates to TM’s multi-billion high-speed broadband (HSBB) project.

The company, established in 1994 by Datuk Mukhriz (Mahathir's son) who is also the company’s chairman and managing director, received the letter of award from TM on Tuesday. Mukhriz, the Member of Parliament for Jerlun, Kedah, is now the deputy minister at the Ministry of International Trade and Industry.

For its nine months ended Dec 31, 2008, Opcom registered a 40% rise in net profit to RM5.5 million from RM3.9 million a year earlier.

The stock hit a 52-week high of 47.5 sen on Monday only to ease to 45 sen at the close yesterday. Its 52-week low of 27.5 sen was hit last October.
This article appeared in The Edge Financial Daily, April 23, 2009.

Current Price: RM0.58

Some other forum predicted this earlier coz they say its Mukhriz's company. They are right, OPCOM did get the tender. And they forecast it will hit RM1 because they will get another RM1mil contract. Anyone got any article on this? TP?

This post has been edited by koopa: Apr 29 2009, 03:29 PM

Good info on this counter. I think worth invest also.

it went from RM0.3x to RM0.58 in 5 days

That's is a sign of GLC.

does this company have a lot debt?

Sorry, what is GLC? Im quite new in this

Government Link Company.

Keyword: Datuk Mukhriz

Anyone buying OPCOM share ?

This counter not attractive ? No one interested ?

Not actractive anymore lol. Went down abit to 0.56. Wait till Mukhriz announce something. Haha

He is announcing NO AP! Would that help ?

Noidea, but OPCOM up 11% today to RM0.57 from RM0.53 yday

OPCOM Takeover rumor

http://stockmarket.tailou.com/viewtopic.ph...79a30d7ec217d17

Note: I am not incharge for that forum, nor i am a member of that forum. Im not responsible for OPCOM either. Haha. Since im a noob at trading im just sharing what i found on the net. Alot of rubbish outside.

This post has been edited by koopa: Apr 29 2009, 03:28 PM

Another cronies company .. become millionaire in overnight ..

You buy u support cronies ..

with the price , you have lots of choice ..

in 5 days, i sense pramature errection
anyone else thinks so?

up almost 10% today... need more bullet and oso bullet proof...

It is normal for GLC.

Mukhriz divesting his stake in OPCOM.


http://www.theedgemalaysia.com/business-ne...pcom-stake.html

That will affect OPCOM share for sure.

So what will happen now for short term? Long term dosent sound good..

0.61 now
0.65 now up 14%

This post has been edited by koopa: Apr 30 2009, 09:45 AM