OPCOM HOLDINGS BHD

KLSE (MYR): OPCOM (0035)

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Last Price

0.695

Today's Change

-0.01 (1.42%)

Day's Change

0.69 - 0.70

Trading Volume

447,600

Changes
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Discussions
15 people like this. Showing 50 of 12,217 comments

Good123

sakau wang rakyat, PMX was right

In 2003, Telekom Malaysia Berhad (TM) awarded a RM214.2 million fibre optic replacement contract to Opcom Cables Sdn Bhd, a company in which Mahathir Mohamad's third son, Mukhriz, was a director. The contract was awarded without any tender, and Anwar Ibrahim has alleged that Mahathir used his position as prime minister and finance minister to influence the decision.

Anwar has also alleged that the contract was overpriced, and that Opcom did not have the necessary experience or expertise to carry out the work. He has called for the Malaysian Anti-Corruption Commission (MACC) to investigate the matter.

Mahathir has denied any wrongdoing, and has said that the contract was awarded fairly. He has also said that the MACC is free to investigate the matter, but that he is confident that no wrongdoing will be found.

The MACC has said that it is still gathering information on the matter, and that it will take action if there is any evidence of corruption.

The allegations against Mahathir have been met with mixed reactions. Some people have called for him to be investigated, while others have defended him, saying that he is a respected figure who would not have engaged in any wrongdoing.

The case is still ongoing, and it remains to be seen whether the MACC will find any evidence of corruption. However, the allegations have cast a shadow over Mahathir's legacy, and they have raised questions about his use of power.

2 months ago

Good123

MACC mesti menyiasat Dato Ong... tak boleh biarkan nominee, kroni, dll yg berkaitan bermaharajalela, dll... puak atok kerala

2 months ago

Good123

opcom harus ditutup jika terbukti opcom digunakan sebagai perantaraan oleh atok kerala dan anaknya serta kroni mereka untuk menyakau duit rakyat/negara. haramjadah

2 months ago

Good123

HMM :)


In 2003, Telekom Malaysia Berhad (TM) awarded a RM214.2 million contract to Opcom Sdn Bhd, a company in which Mahathir's third son, Mukhriz, was a director at the time. The contract was for the replacement of fiber optic cables in the Klang Valley.

Anwar Ibrahim, the current Prime Minister of Malaysia, has alleged that the contract was awarded to Opcom without any competitive bidding, and that it was overpriced. He has also alleged that Mahathir was involved in the decision to award the contract, and that he benefited financially from it.

Mahathir has denied these allegations, and has said that the contract was awarded fairly and that he did not benefit financially from it. However, the allegations have led to calls for the Malaysian Anti-Corruption Commission (MACC) to investigate the matter.

The Opcom contract is just one of a number of allegations of corruption that have been made against Mahathir in recent years. In 2022, he was also accused of using his position as prime minister to benefit his family's businesses. These allegations have led to a decline in Mahathir's popularity, and have raised questions about his legacy.

2 months ago

Good123

Yes, Opcom is affected by the recent MACC investigation. The company's share price has fallen sharply since the investigation was announced, and its reputation has been damaged. It is possible that the company could face legal action if the investigation finds evidence of corruption.

However, it is important to note that the investigation is still ongoing, and no charges have been filed against Opcom or any of its executives. It is possible that the investigation will find no evidence of wrongdoing, in which case the company's share price could recover.

The MACC investigation is a serious matter for Opcom, but it is too early to say what the long-term impact will be. The company will need to cooperate with the investigation and take steps to improve its corporate governance if it wants to regain the trust of investors.

Here are some of the potential impacts of the MACC investigation on Opcom:

The company's share price could continue to fall, making it more difficult to raise capital.
The company could face legal action, which could lead to fines or even imprisonment for its executives.
The company's reputation could be damaged, making it more difficult to win new contracts.
The company could lose customers, as they may be concerned about the company's ethics.
The MACC investigation is a serious matter for Opcom, but it is too early to say what the long-term impact will be. The company will need to cooperate with the investigation and take steps to improve its corporate governance if it wants to regain the trust of investors.

2 months ago

Good123

“Evil people always support each other; that is their chief strength.”
― Aleksandr Solzhenitsyn

2 months ago

Good123

Macc mesti siasat srmua pihak dalam opcom

2 months ago

Good123

Penyalahgunaan kuasa/Rasuah tak terhingga kes opcom oleh atok kerala dan anaknya. Dato ong, mungkin kroni ataupun satu catur mereka.

2 months ago

Good123

Politically linked companies akan dibersihkan oleh PMX

2 months ago

EVO118

Good123
Time for you to give up. All that postings of yours is not having any effect.

2 months ago

facsc118

nice

2 months ago

Code2360

Ya Good123.. Let macc do their job. In the meantime, lets calm down. Klu betul salah, ada charge. Klu xada salah, nama opcom dibersihkan. Kita org biasa xtau fitnah atau bukan. Jadi rileks saja. Klu jatuh cut loss lah mcm biasa

2 months ago

EVO118

Good123
Is this what you are waiting for?
RPK: Tun M’s family members are just one flight ticket away from ‘safety’, UK is a ‘safe haven’ for them
https://focusmalaysia.my/rpk-tun-ms-family-members-are-just-one-flight-ticket-away-from-safety-uk-is-a-safe-haven-for-them/

2 months ago

EVO118

Dato Ong is buying again. Now holding 31.74%. Obviously here is a reason unknown to us for his increase holding.

2 months ago

Baby Shark

Mukriz company..

2 months ago

EVO118

Today's vol suggest Ong is at it again

2 months ago

EVO118

So the new shares are being valued at 0.7785 which means the current price is still too low.

2 months ago

OppenHermes

Opcom is going to diversify into power generation and transmission business

https://www.nst.com.my/business/2023/08/937576/opcom-holdings-diversify-power-generation-and-transmission-business

2 months ago

Baby Shark

Mamakthir company..

1 month ago

Baby Shark

I ran at 0.66 ... no eyes see

1 month ago

Good123

PMX akan fight opcom hard dalam kes dengan madey dan mukhriz

1 month ago

Good123

heret mukhriz dan madey dan pengarah2 opcom ke mahkamah

1 month ago

Good123

anwar bawa kes opcom ke mahkamah madey dan anaknya kantoi
api.bharian.com.my › berita › nasionalAnwar dakwa Telekom mohon adakan rundingan terus dengan Opcom...
Jun 15, 2023 · Faris Fuad faris.fuad@bh.com.my KUALA LUMPUR: Datuk Seri Anwar Ibrahim mendakwa Telekom Malaysia Berhad (Telekom) mengeluarkan surat untuk meminta kebenaran

1 month ago

gohkimhock

All in!

1 month ago

investor2021trading

just discovered one company that manufactures fiber optic for telecommunication,
underground cables for electrical lines n recently in power transmission for green energy.

1 month ago

EVO118

Not many optic fibre in Malaysia. Forest City might push this up sooner or later. It is all part of the push to win seats in Johor.

1 month ago

EVO118

Unusual for Eddie's counter to be putting out such quarterly results.

1 month ago

Bruce_Wayne

Why is it unusual for Opcom to have bad quarterly results?

Opcom bought TJE for RM90M and it's financials are as follows:

TJE FYE 2021 (RM)
Revenue: 1.591M
GP: 0.824M
PAT: 0.453M
Shareholders' funds: (1.752M)

And Opcom is on the way to buy more companies with such financials.

Page 50
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=221518&name=EA_DS_ATTACHMENTS

1 month ago

OppenHermes

Opcom is really an investing holding company 😆 If get what I meant

1 month ago

EVO118

Change of name to Hextar Capital Berhad very soon.

1 month ago

EVO118

Can't see Eddie sitting on 25% instead of 29.1% after the SSP deal. Can imagine he will be buying up big to built up his holdings after being diluted.

1 month ago

OppenHermes

If that's the case, can collect some if it falls below 70 cents

1 month ago

EVO118

Looks like Eddie is on the move again in another one of his other ventures.

Hextar Industries buys office supplies firm.
https://theedgemalaysia.com/node/681393

4 weeks ago

Alexks8888

Around 0.61 is best price collect ticket, getting low and low now...

3 weeks ago

Baby Shark

Below 0.60 more selamat..

3 weeks ago

EVO118

Can't see this going below 0.68

2 weeks ago

gohkimhock

Ong Choo Meng is holding 31%
Chiau Beng Teik roughly 4~5%.
Ride with them. Can't go wrong..

2 weeks ago

EVO118

That 31% is back in July, before the SPP deal.

2 weeks ago

xivix86

Small account collecting, will transfer to big account after that

2 weeks ago

PARKER

is opcom going to soar soon?

2 weeks ago

XXXvalue

hmmm....

1 week ago

Baby Shark

Big boss = Mukris

1 week ago

xivix86

Now day still Mukris ??? hhahahah

3 days ago

EVO118

Opcom emerges as largest shareholder in Binasat as MD sells stake.
https://theedgemalaysia.com/node/684587
Some of you guys are 2 years behind in news. Have to keep up to date.

1 day ago

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