Dear friends of i3 forum,

Latest Result of Hexcap out!

Refer Bursa

See

HEXTAR CAPITAL BERHAD

(formerly known as Opcom Holdings Berhad)

Registration No.: 199401036979 (322661-W)

(Incorporated in Malaysia)

FOR IMMEDIATE RELEASE

HEXTAR CAPITAL BERHAD (FORMERLY KNOWN AS OPCOM HOLDINGS BERHAD) REPORTS POSITIVE

EBITDA OF RM23.7 MILLION FOR FYE 2024 AMID STRATEGIC DIVERSIFICATION

Shah Alam, 29 November 2024: HEXTAR CAPITAL BERHAD (formerly known as Opcom Holdings Berhad)

(“HCB” or the “Company”) reported a positive Earnings Before Interest, Taxes, Depreciation, and​

Amortization(“EBITDA”) of RM23.7 million for the financial year ending 2024 (“FYE 2024”) on the back

of a consolidated revenue of RM117.7 million for the year. However, after accounting adjustments and

goodwill impairments, HCB recorded a loss before tax of RM3.1 million and a loss after tax of RM3.5

million.

The loss recorded for FYE 2024 was due mainly to accounting adjustments and goodwill impairments,

including amortization of intangible assets amounting to RM26.2 million, goodwill impairment of RM3.1

million, and unwinding of interest expenses on deferred consideration totaling RM3.2 million. Excluding

these non-cash adjustments, HCB would have achieved a profit before tax of RM29.4 million.

The Group’s strategic investments in Transgrid Ventures Sdn. Bhd. and the additional 6.75% stake in

Binasat Communications Berhad have continued to yield positive returns. Year-to-date, contributions to

profits from these associates amounted to RM8.5 million, reflecting their strong performance and

alignment with the Group’s strategic goals.

Since diversifying into the construction and project management segment, HCB has through its wholly owned subsidiary, T & J Engineering Sdn. Bhd. commenced the RM97.0 million Universiti Malaysia

Kelantan (“UMK”) student hostel project in Bachok where T & J Engineering Sdn. Bhd. is to supply

materials, labour, tools and equipment for the execution of civil and structural, architectural and

mechanical works. This project has progressed on schedule, reinforcing the Group’s capability to deliver

infrastructure projects and strengthening its presence in the construction sector. The successful

execution of this project is expected to pave the way for future opportunities in this growing segment.

Commenting on the Group’s performance, Johnson Chang, Managing Director of HCB, stated: “Despite

the adjustments and impairments recorded during this financial year, our positive EBITDA and operating

income demonstrate the resilience of our core operations. These results reinforce the strength of our

business model and the effectiveness of our diversification strategy

Calvin comments:

Take note of these words

The Group’s strategic investments in Transgrid Ventures Sdn. Bhd. and the additional 6.75% stake in

Binasat Communications Berhad have continued to yield positive returns. Year-to-date, contributions to

profits from these associates amounted to RM8.5 million, reflecting their strong performance and

alignment with the Group’s strategic goals.

THERE ARE A TOTAL OF 4 COMPANIES IN ONE FOR HEXCAP

1) OPCOM (Its original Listed Name)

2) BINACOM (An Associate by Virture of Hexcap now being Top holder)

3) TRANSGRID VENTURES (Bought into This Company with Part Cash and Part Hexcap shares valued at 77.8 sen a share)

4) T & J Engineering Sdn. Bhd. (A Class 7 Contractor: Able to Tender for All Govt Jobs at highest level.

Opcom (Refer Hexcap Balance sheet)

Revenue... Rm32,174,000

Cost of sales (Rm28,539,000)

Gross profit Rm3,635,000

Gross profit is Rm3.635 Millions this quarter (before it was negated by losses due to impairments & goodwill write down)

Now see This

Year-to-date, contributions to

profits from these associates amounted to RM8.5 million, reflecting their strong performance and

alignment with the Group’s strategic goals.

And these Associates Are?

Read again:

The Group’s strategic investments in Transgrid Ventures Sdn. Bhd. and the additional 6.75% stake in

Binasat Communications Berhad have continued to yield positive returns

SO ASSOCIATES REFER TO

1) TRANSGRID VENTURES

2) BINACOM (Or Binasat Communications Bhd)

And How Much Profit these two contributed?

profits from these associates amounted to RM8.5 million, 

COMBINED PROFITS IS RM8.5 MILLIONS

Now since we do not have TRANSGRID VENTURES BALANCE SHEET

WE CAN DO A PROFIT DEDUCTION BY LOOKING AT BINCOM BALANCE SHEET

Let us take a Look at the 3 Tables of Contents in Binacom

Refer to Bursa

BINACOM JAN TO MARCH 31 2024 

Profit = Rm692,000

Profit from April to June 30th 2024

Rm621,000

Profit from July to September 30, 2024

Rm356,000

From above we see Total 3 qtrly profits combined

Rm692,000 + Rm621,000 + Rm356,000

= Rm1.669 Millions

Now to get TRANSGRID VENTURES PORTION OF PROFIT

(profits from these associates amounted to RM8.5 million)

RM8.5 MILLIONS MINUS RM1.669 MILLIONS

= Rm8,333,000

ABOUT RM8.333 MILLION PROFIT  (FROM TRANSGRID VENTURES

THIS IS INDEED A WONDER REVELATION

THAT MEANS THAT TRANSGRID VENTURES GOT ON-GOING PROFITABLE PROJECTS STILL CURRENT

AND NEXT YEAR TNB TRANSMISSION JOB WILL BE A WHOPPING RM90 BILLLIONS! (FROM 2025 To 2030!)

5 VERY BRIGHT GOOD YEARS ARE AHEAD OF HEXCAP THRU ITS 49/51 JV WITH TRANSGRID VENTURES

Now Opcom has done business with TNB in the past. It supplied Fiber Optic Cables to both Telekom & Tnb

For TNB it is for its own network as Fiber Optic collects Data along TNB Power Lines (Very safe as Fiber Optic "Unlike copper" are non conductor of electricity

Not only Opcom did business with TNB

BINACOM also won TNB Job awards

See Binacom (Refer Bursa)

OTHERS BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY") - ACCEPTANCE OF LETTER OF AWARD AMOUNTING TO RM23,760,000.00 FROM ENERTRA SDN. BHD. IN RESPECT OF HORIZONTAL DIRECTIONAL DRILLING ("HDD"), OPEN CUT AND CABLE LAYING WORKS FOR THE PROPOSED 132KV UGC SUBANG DCA - ARA DAMANSARA 1 & 2 (UGC REPLACEMENT)

BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY") 
- ACCEPTANCE OF LETTER OF AWARD AMOUNTING TO RM23,760,000.00 FROM ENERTRA SDN. BHD. IN RESPECT OF HORIZONTAL DIRECTIONAL DRILLING ("HDD"), OPEN CUT AND CABLE LAYING WORKS FOR THE PROPOSED 132KV UGC SUBANG DCA - ARA DAMANSARA 1 & 2 (UGC REPLACEMENT)

TODAY HEXCAP JUMPED 9.523% TO 34.5 SEN

(Been languishing around 30 sen

BUT WHY THE SUDDEN SPIKE IN VOLUME AND PRISE RISE

IS THE MARKET ANTICIPATING BIG THINGS AHEAD?

WITH WARM REGARDS

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/fund manager