OPPSTAR BERHAD

KLSE (MYR): OPPSTAR (0275)

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Last Price

1.57

Today's Change

-0.02 (1.26%)

Day's Change

1.56 - 1.59

Trading Volume

319,500

Overview

Market Cap

999 Million

NOSH

636 Million

Avg Volume (4 weeks)

1,153,863

4 Weeks Range

1.48 - 1.64

4 Weeks Price Volatility (%)

56.25%

52 Weeks Range

1.48 - 2.95

52 Weeks Price Volatility (%)

6.12%

Previous Close

1.59

Open

1.57

Bid

1.57 x 116,600

Ask

1.58 x 11,100

Day's Range

1.56 - 1.59

Trading Volume

319,500

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2023 [#1] | 28-Aug-2023

Next QR | Est. Ann. Date

30-Sep-2023 | 28-Nov-2023

T4Q P/E | EY

65.34 | 1.53%

T4Q DY | Payout %

0.38% | 25.06%

T4Q NAPS | P/NAPS

0.22 | 7.14

T4Q NP Margin | ROE

34.05% | 10.92%

Market Buzz
Company Profile

Sector: TECHNOLOGY

Sector: TECHNOLOGY

Subsector: SEMICONDUCTORS

Subsector: SEMICONDUCTORS

Description:

Oppstar Berhad is a Malaysia-based investment holding company. The Company through its subsidiaries, is involved in the provision of integrated circuit (IC) design services covering front-end design, back-end design and complete turnkey solutions to integrated device manufacturers (IDMs), fabless companies, fab-lite companies, electronic system providers and other IC design houses. The Company also provides other related services such as post-silicon validation services, training, and consultancy services. The Company's segments include Specific design services, Turnkey design services, and Others. The Company provide specific design services to its customers based on the resources incurred for a specific project over a defined time frame. It offers turnkey design services to its customers which comprise of intellectual property (IP) design turnkey and full IC design turnkey to be performed based on the customers' specifications. Its subsidiaries are Oppstar Technology, and Alpha Core.

Discussions
1 person likes this. Showing 50 of 710 comments

coolkhoo

Oppstar directors eat investors money haha…

2023-05-10 15:31

Yu_and_Mee

over promoted like diamond hahahaha
may slowly dropping

2023-05-10 20:26

EatCoconutCanWin

Possible revenue dropped as chipset makers is on the side way . No new product is on the making. Lesser business, gone case

2023-05-10 21:15

pang72

Dead cat rebound

2023-05-12 16:13

Lee Ying Yee

leave quickly ???

2023-05-13 06:06

xuxu

1 day happy nia

2023-05-15 11:24

Loh Kok Wai W

Run run run.....Sel sell sell...no need to ask why.....

2023-05-15 11:37

frick2fa

ya better run now

2023-05-15 16:32

pang72

What is up?

2023-05-19 16:37

pang72

Design design design lagi

2023-05-19 16:37

pang72

Can you design a maid as my helper so it will not run away or taking holiday?

2023-05-19 16:39

karigang

power gone

2023-05-24 12:28

nothingfree

when quarter report out? got dividend?

2023-05-24 22:07

sasword

Power up, power to sell underpants up up up

2023-05-25 12:47

King_trader_shadow

Good company, please stay invested. More to come! still better than ipo price.

2023-05-30 19:41

BursaKakis

TP upgraded from 2.28 to 2.53 by UOB

Oppstar closed the year with a record-high profit of RM21.4m (+29% yoy) which
transcended our/consensus expectations by 5%/6% respectively. We see enormous
growth opportunities that can supercharge a three-year revenue/core net profit CAGR of
36%/37% from FY23, premised on aggressive expansions, cutting-edge R&D and
technology knowhow alongside huge untapped potential augmented by Malaysia’s
geopolitical neutrality. Maintain BUY with a higher target price of RM2.53.

• Aggressive expansions to capture sea of opportunities. Note that out of the gross
proceeds of RM104.3m, Oppstar has earmarked RM50m for the expansion of its workforce
to: a) support its existing and potential customers, and b) continue developing its human
resource capabilities, thereby ensuring its long-term sustainability. Eventually, Oppstar aims
to achieve this by increasing its total workforce by 280, comprising design engineers (locals
or expatriates from India and Indonesia) for IC design and engineers/technicians for postsilicon
validation services, to be based in Penang and Kuala Lumpur. The increase is
expected to happen over 36 months.

• Strong orderbook backlog. It is noteworthy that the group has received enquiries from
existing and potential customers from different regions for both specific design services and
turnkey design services, with the enquires possibly requiring up to 200 design engineers. As
at end-Jan 23, Oppstar’s orderbook stood at RM34.3m, mainly consisting of turnkey design
services to be delivered in the next 12 months.

• Forecasting a three-year revenue/core net profit CAGR of 33%/35%, on the back of
assuming: a) higher revenue per engineer on an hourly basis, b) progressively higher
utilisation rate on increasing available vs billable time, and c) progressively higher headcount
of design engineers towards FY25. Note that the group’s headcount stands at 169 as of
FY22 with utilisation rate of 89.8% in terms of available vs billable time basis. The group has
earmarked RM50m for the expansion of its workforce to: a) support the needs of its existing
and potential customers, and b) continue developing its human resources capabilities,
ensuring its long-term sustainability.

UOB KayHian 30052023

2023-05-31 11:54

winetime

Best counter 2023

2023-06-01 14:48

special_situations

Don't keep this counter. This is semiconductor sub-contractor for design service. This business is very competitive, always fight for low cost price. When econ go downturn trend, majority projects will cancel due to cost cutting.

2023-06-02 00:42

Loh Kok Wai W

Company Director n CEO...take money..n run...

2023-06-08 13:03

Loh Kok Wai W

1.50..on the way...they all take money...run...

2023-06-21 12:27

lalabt

this company is supplying design services (sub con) to Huawei (sanctioned by US) illegally using design automation tools from US (synopsys, cadence and so on). of course its too small for DOJ to come after oppstar but if you read their prospectus you can see that their main customer is Kirin Huawei chip (which is illegal if you use US technology).

Also if you read their prospectus, you can see that they said they deliver project A, project B, project C and so on.. but this is just sub-con donkey work without building anything to sell as their own product. Then they say building IP, but cant even say what IP. reason is because they have always been supplying contractors since 2014 to do donkey job that companies have no time to do.

This is not a tech stock. this is just a sub-con that supply engineering talents as contractors. Their product is basically their engineers that they send as contractors.

2023-06-21 16:47

lalabt

just like most IPO in malaysia, this is just a way for the insiders to sell to public and run. Imagine a guy who used to be senior manager in Intel, suddenly having RM 220+ million in stocks due to this IPO. Most of these guys will sell after 6 months (moratorium) and run. Read the prospectus. Most of the insider shareholders are previous ex managers from Intel trying to make a quick buck. They just selling engineers for contract job. Luckily for them Huawei got banned and Huawei had to use illegal tricks to get US technology and this is one of the way they playing tricks with DOJ.

2023-06-21 16:55

lalabt

to know the future of this stock, please look at keyasic chart.
I don't know why SC allow these kinds of farce in Malaysia.

2023-06-21 20:24

gohkimhock

this counter RM1.20 also expensive la..

2023-06-22 00:12

Bobi776

Ok bye see you guys later

2023-06-28 15:02

BursaKakis

Oppstar signs MOU to look into developing integrated circuit products in China
https://theedgemalaysia.com/node/674766

2 months ago

Loh Kok Wai W

Goodbye Yellow Brick Road...

2 months ago

faridfet

PE is at 110x?

2 months ago

faridfet

overvalue stock

2 months ago

cbkia4896

gg me

2 months ago

cbkia4896

money gone
i bought at rm2 somemore

2 months ago

coolkhoo

This kind of company only bodoh will buy

2 months ago

MILKMASTER2002

Hahaha gameover jor

2 months ago

GammaRay

Wait for Oppstar at 1.50 and grab

1 month ago

cbkia4896

Haiz... sakit gao gao

1 month ago

karigang

Oppstar more like fallen star

1 month ago

GammaRay

Caused by stuttering economy in China...Fyi, this company de major customers are from China

1 month ago

newbie8080

Q1 result coming out soon.
This will provide some insight of their biz in China.

1 month ago

GammaRay

Yupe. Hopefully there will be some good news in it

1 month ago

Ven Pandora18

Why drop star ?
This is going to be 1 of my favourite stock.
But, just not yet.

1 month ago

joaco54

trend already over...

1 month ago

mf

Quarter Result

Quarter Result on 30-Jun-2023[#1] QoQ - -3.11% YoY - - %.

1 month ago

karigang

So hard to move up now

1 month ago

Lee Ying Yee

hpe ??

1 month ago

Loh Kok Wai W

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

1 month ago

hiisiochuo

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

1 month ago

faridfet

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...

1 month ago

BursaKakis

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

2 weeks ago

MILKMASTER2002

no more round 2?

1 week ago

sammyramon

Rebound after correction...watch up!!!

1 week ago

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