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Will OPCOM see a take over offer from DATO ONG CHOO MENG ?

Publish date: Wed, 16 Feb 2022, 12:04 AM

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One of the active businessman and investor during the volatile market in 2021 / 2022 period had to be Dato Ong Choo Meng. 


Dato Ong Choo Meng business vehicle Ruberex had a great wind fall profit during the Covid19 pandemic, while Hextar is doing well in the chemical segment.


The recent movement included take over of SCH Bhd, renamed into Hextar Industries Bhd. Subsequently, he also bought into other listed entity - Opcom 0035 and Complete Logistic Services Bhd (COMPLET - 5136). He had also ventured into property and commercial retail segment with the 20% stake purchase at the EMPIRE CITY SHOPPING MALL RM 180 million through RUBEREX.


With the current spree that Dato Ong is going on, it seems that there will be more to be expected from his investment he had made.


The current notable movement is at Complete Logistic where Dato Ong offer a take over at RM 2.50.


To have a clearer look at how things unfold in Complete Logistic

5 march 2021 - Acquire 29% around price RM 1.70 to RM 1.80

November 2021 - Offer take over at RM 2.50, which is 40% above the block acquisition price

Feb 2022 - Complet price headed higher to RM 4.00




Will this event happen at Opcom ?


First acquisition of 15% around RM 0.80

Subsequent stake increase to 19% with additional stake acquire around RM 1.10


If the Dato Ong is going to offer a take over at 40% premium from it's previous purchase, that will priced around RM 1.50



Currently, Opcom is trading at RM 1.05, which is quite an attractive pricing to speculate on big corporate movement from it's shareholder.


Given the prospect of 5G where fiber optic are needed to enhance the speed of data delivery, OPCOM definitely had an edge over the future prospect.


If Dato Ong Choo Meng had great plans for OPCOM, there will be a high chance where OPCOM will see a take over offer in the coming future. Reader should be advise that the ABOVE CONTENT ARE BASED ON SPECULATION OF MARKET MOVEMENT BASED ON A PREVIOUS SET OF EVENT.




Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.


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Be the first to like this. Showing 11 of 11 comments


waiting dato ong offer take over RM 1.50 range..
Price now enter until RM 1.50 got around 40% appreciation margin

2022-02-16 09:02


calculated risk..
Dato ong acquire mostly 80 cents..
Appreciation space upwards got 50% on take over, after take over RM 3.00 is 200%
downwards is 20%

2022-02-16 09:04


Can't even believe your first target of $1.50. You are too bullish.

2022-02-16 14:21


Was that a discreet suggestion that this counter was going to take off?

2022-02-16 16:37


this ong choo meng so snake

2022-02-16 18:55


Today up 10%
Tomorrow another 10% probably?

2022-02-16 19:57


I hope so, Thank you. I am thinking closer to 15%. Not sure where to after that.

2022-02-16 20:16


Golden number
RM 1.50

2022-02-16 20:22


Good golden number. Looking back at Eddie Ong's last go, if he wants it there is no stopping him. He is pretty agressive with his objective. I thought at that time he would have stopped earlier.

2022-02-16 20:30


Diversfying away from relying on gloves earning.
He had chemical / fertilizer
with complete, he got logistic.
with empire city, he got shopping retail commercial
with opcom, he got 5g technology supply chain

2022-02-16 20:50


Funny author .....0.70 now

2022-03-08 10:38

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