Posted by Loh Kok Wai W > 2023-08-30 14:15 | Report Abuse

Like Hong Kong artist...Anita Mui ..sing :...Why why Tell Me Why........

Posted by hiisiochuo > 2023-08-30 16:39 | Report Abuse

Maybe some sell because: 1) To realise profits, 2) High PE, overvalue but cannot see high growth, 3) Good QR (Q1) but no surprise, 4) Expansion - not much progress, seems like not easy to expand to other geography beside China,  5) Six months moratorium - end around September (hopefully they don't sell their shares), 6) Order book - remaining order book around 20 millions (my personal main concern - the current order book can contribute to normal results in Q2, however if management cannot secure new projects, then Q3 & Q4 ice cream). 
Lastly, i think the management should do more online engagement to explain their business, update progress and share their future plan, bukan syiok sendiri just because you the only one public listed company in upstream business. I will continue to top up from time to time (not all in la) and give more time to the management to see if they can performance (especially QR for Q3 & Q4). Good luck all

Posted by faridfet > 2023-08-30 16:43 | Report Abuse

no doubt going to drop atleast to rm1.. pe is too high.. no new orderbook.. and they only relying to one single customer that contribute 70% revenue from xiamen only.. could not make any growth because the top 3 owner are too slow...

Posted by BursaKakis > 2023-09-15 06:46 | Report Abuse

Arm climbs 25% in Nasdaq debut after pricing IPO at $51 a share
https://www.cnbc.com/2023/09/14/arm-ipo-arm-starts-trading-on-the-nasdaq-in-win-for-softbank.html

Posted by MILKMASTER2002 > 2023-09-18 17:16 | Report Abuse

no more round 2?

Posted by sammyramon > 2023-09-22 15:23 | Report Abuse

Rebound after correction...watch up!!!

Posted by fortunefire > 2023-11-03 14:00 | Report Abuse

drop from 2.9x still believe in their ic design dream?

Posted by AnthonyAng666 > 2023-11-06 11:35 | Report Abuse

Can't make a chip without the design and also IC design make good profit margin

Posted by heehaa911 > 2023-11-09 09:38 | Report Abuse

design? maybe copy US design and sell to China wawei je

Posted by AnthonyAng666 > 2023-11-14 15:08 | Report Abuse

that's the strength of IC design industry, not easy to enter and high treshold

Posted by AnthonyAng666 > 2023-11-16 19:44 | Report Abuse

Wait it to drop below rm1.50 and average again. ha

Posted by fortunefire > 2023-11-17 09:39 | Report Abuse

parking at 1.45

Posted by AnthonyAng666 > 2023-11-20 16:30 | Report Abuse

Penang-based Oppstar Bhd is showing no signs of slowing down in terms of expansion.

https://www.thestar.com.my/business/business-news/2023/11/18/oppstars-niche-position

Posted by INVEST_AA > 2023-11-27 09:30 | Report Abuse

RUNNNNN….

Posted by thundery > 2023-11-27 09:43 | Report Abuse

RUNNNNNN

Posted by faridfet > 2023-11-27 09:57 | Report Abuse

you all semua sudah kena.. k.o..

Posted by thundery > 2023-11-27 10:20 | Report Abuse

Its already over valued from 0.13 cents

Posted by AnthonyAng666 > 2023-11-27 11:01 | Report Abuse

Chipped in some @ 1.40 ... buy on weakness, hehe

Posted by fortunefire > 2023-11-27 11:24 | Report Abuse

luckily i not yet place BUY order this morning....

Posted by Hong Wei Phoon > 2023-11-27 15:01 | Report Abuse

oopsss... Stars...

Posted by faridfet > 2023-11-27 15:12 | Report Abuse

@pang72 is not a bit nervous. Oppstar obviously big crash.. in our word it is called as kaw kaw crash. Take ur profit while u still can.. better late than never

Posted by fortunefire > 2023-11-27 15:21 | Report Abuse

will Kenanga lend their support?

Posted by kokchengkai > 2023-11-27 15:21 | Report Abuse

PE 44 punya OPPSTAR ...tunggu la PE bawah 30 baru tengok .high risk high return ,kalau kau berani ,boleh lah beli skrg hahahaha

Posted by fortunefire > 2023-11-27 15:45 | Report Abuse

looks like it will keep dropping this week.

Posted by zoizai > 2023-11-27 17:05 | Report Abuse

Drop to PE 20

Posted by Blue Tulip > 2023-11-27 20:20 | Report Abuse

Don't trust Kenanga. They never do their due diligence when recommending stocks. Sapura Energy, Serba Dinamik, Pestech, to name but a few.

Posted by curiousq > 2023-11-27 22:06 | Report Abuse

tomorrow continue masuk lobang

Posted by weibozai > 2023-11-27 22:24 | Report Abuse

Something is not right

Posted by Agjl > 2023-11-27 23:41 | Report Abuse

Good morning 🌿

*OPPSTAR (Maintain BUY, TP at RM2.18 based on 50x FY24 PE)*

• *Missed expectations.* Oppstar reported a softer 2QFY24 core net profit of RM4.0m (-25% qoq), bringing 1HFY24 core net profit to RM10.4m which made up 37% of our/consensus full-year estimates. The negative deviation was due to the lower-than-expected turnkey project contribution alongside the higher headcount costs.

• *1HFY24 revenue and core net profit* made up 50%/49% of 2023 revenue and net profit, with strong 1QFY24 contribution offset by a softer 2QFY24. Note that the previous turnkey projects have been fully billed alongside the absence of meaningful turnkey project contribution, hence the gap of lower 2QFY24 revenue (-11% qoq).

• Alongside the higher headcount costs, core net profit dropped 25% qoq. Turnkey design services contributed 67.8% (-2.3ppt) of the group’s total revenue.

• *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.

• Chen Junhua is the controlling shareholder of Xiamen KirinCore IOT Technology (XMKC; one of the major customers of Oppstar) while Yixin’s main business is to invest in emerging industries such as the IC industry.

• 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.

• Following that, the holding company, Shanghai Longhuixin Integrated Circuit Group Co. (Longhuixin) has been incorporated in China on 15 Aug 23 with a shareholding stake of 50:45:5 and a paid-up capital of Rmb10m.

• *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 16%/11% to account for slower turnkey project contribution.

• *Maintain BUY with a lower target price of RM2.18 (from RM2.53),* based on a rollover 50.0x 2024F PE. As there are no comparable local listed peers for valuation purposes, our valuation yardstick is based on a 10% premium of its global peers’ average two-year forward PE

Posted by Agjl > 2023-11-27 23:44 | Report Abuse

The above is abstracted from one of the investment bank who did the post result write up. Its not my opinion or call to buy or sell. Its for sharing information purposes only.

Posted by weibozai > 2023-11-27 23:48 | Report Abuse

Thanks for the sharing, but I think takes time to digest the new staff

Posted by zoizai > 2023-11-28 07:42 | Report Abuse

PE 50 ? They think this is Tesla ? Hahahahah PE 20 is more reasonable.

Posted by zoizai > 2023-11-28 07:45 | Report Abuse

Target price PE 20 = RM0.60

Anything above this come with risk. Good luck. Do not catch a falling knife

Posted by gohkimhock > 2023-11-28 09:53 | Report Abuse

all die..

Posted by CharlesT > 2023-11-28 09:55 | Report Abuse

This year's new IPOs mostly to con.....

Posted by faridfet > 2023-11-28 10:03 | Report Abuse

When someone copy paste and keep defending investment bank analyst while stock is kaw kaw crash. That is a very bad sign. Exit.

Investor dont want to listen for MoU this, MoU.. MoU is consider garbage..

Posted by fortunefire > 2023-11-28 10:11 | Report Abuse

drop to new low this morning. tp 0.9x is quite possible....maybe by year end?

Posted by jonathanlum > 2023-11-28 10:22 | Report Abuse

SELL and run

Posted by zoizai > 2023-11-28 15:19 | Report Abuse

Back to ipo price 63 sen

Posted by teknikal > 2023-11-28 16:08 | Report Abuse

Stock in downtrend as MA50 below MA150

Posted by zoizai > 2023-11-28 17:51 | Report Abuse

Only buy when confirm uptrend. This stock is confirm DOWNTREND SINCE IPO.

Posted by Michael Kwok > 2023-11-28 20:11 | Report Abuse

Price 1.29
Bank wrong.dun buy.dun hold.Let see by after 12 of Dec 2023 then consider.
28/11/23 8.12pm

Posted by zoizai > 2023-11-29 16:04 | Report Abuse

Go go go drop to ipo price

Posted by zoizai > 2023-11-30 09:33 | Report Abuse

Target ipo price 63 sen

Posted by fortunefire > 2023-11-30 11:14 | Report Abuse

guess the bottom should be around 0.9x

Posted by gohkimhock > 2023-11-30 11:33 | Report Abuse

even the IPO itself was overvalued..

Posted by AnthonyAng666 > 2023-11-30 17:05 | Report Abuse

Hmm...getting cheaper and cheaper

Posted by AnthonyAng666 > 2023-12-01 14:25 | Report Abuse

Director came out to support 😁

Posted by thundery > 2023-12-04 09:45 | Report Abuse

Support doesn't mean it will goes up as Director normally no responsibilities to help push up price and they also affordable to hold as their urge to immediately take profit not so urgent like us.

Posted by fortunefire > 2023-12-05 13:20 | Report Abuse

Good to be ambitious but will it be another Silterra?