I thought it won't retrace so far below 70 sen to a low of 67 sen even. But it was a glad surprise to buy more on weakness. I even sold more of other shares and switched into Opcom again like I did yesterday.
These could be the reasons for the sell down.
1. Those who bought at lower prices below 60 sen are taking profit.
2. Many are contra players and do they also sell when T plus 2 is up. Some make money but some unfortunately lose money
3. There is also a misunderstanding due to mcmc minister gobind saying Govt does not directly award jobs but it will be done through the telcos.
1. Datuk Mukhriz is mb for Kedah and aspire to be future PM. So there is a need for disinterestedness in business. Especially Opcom going to get Multi billions fiber optic orders from Telekom. This political expediency is to negate gossip from opposition
2. He might have sold openly but still purchase through proxy on the quiet
3. He could be very generous in selling his shares cheaper as a parting gift to concentrate fully in politics
So think out of the box. For year 2009 when Telekom awarded jobs to Opcom Datuk Mukhriz kept all his shares
So what is the reason behind this round?
All must know that Telekom fiber optic order was only Rm359 millions for year 2009. This round a Whopping Rm21.6 billions which is highly visible.
So think carefully and think deeply.
Again the fact that Opcom appointed 2 CEO s sound out loud and clear that Big Big Orders are coming for Opcom in coming weeks or months ahead
Calvin suggest
Go buy as much Opcom as you can get below 70 sen Be prepared to buy and average down buying
This is the easiest to reach with the arrival of Oct 11 2019 12 MP ( MALAYSIA PLAN) BUDGET SPEECH
2. Second Target price Rm1.00 Official announcement of Opcom receiving Fresh Fiber Optic cables orders If the quantum fresh order is huge then limit up also possible.....in that case Rm1.20 also within reach.
3. Third Target price Rm1.50
A special windfall dividend. Again this Target price is moveable because if the dividend is larger than usual then price will go up according
Eg. If price is rm1.00 a special dividend of 50 sen will cause price to spike up correspondingly by 50 sen or rm1.50
If dividend goes crazy like Rm1.00 then price will readjust to Rm2.00
With the Windfall Bonanza of Rm21.6 Billions by NFCP for Fiberisation a new impetus in earning has arrived for Opcom
There will be fiber highways Entire pan Borneo highway will be fiberised
There will be fiber in oil and gas pipelines
There will be fiber in smart water pipes
There will be fiber in all our streets. Every lamp post will have fiber for smart camera
Entire city will be fiber city. Smart cities are actually fiberised cities
You can on your electric devices at home while still away by activating the switch remotely by your smart phone
My son's room lights in Singapore could be turned on or turned off while he is still miles away
Water heater, aircond, washing machine, dryer, lights, TV, refrigerator could be turned on or off remotely from 10 miles or even thousand miles away by Internet connection
All these operated by smart devices connected by high speed fibers
Why people are selling Opcom below 70 sen even though prospect now very good ahead?
THE answer can be found in dayang
When Dayang was only 68 sen people were also also selling
Why did people sold down Dayang then?
1. Many who bought Dayang at 50 sen thought 68 sen already got 30% profit so they sell. If only they could see further that Dayang after touching 68 sen can still go up by another Rm1. 00 to Rm1. 68
But because they have no clue they sold. Now those who sold Dayang what did they do with the money? Did they gone to buy Utusan? In that case they have sold gold mine in exchange for a landmine
2. So just like people selling Dayang there are those who sell Opcom for a few sen profit
This is wrong as Opcom will now go up just like Dayang did.
YES everybody join put five thousand buy Netx ,put five thousand ringgit buy Redtone ,put five thousand buy Opcom,put five thousand buy Ock ,put five thousand buy Gpacket . Everybody join BUY to beneficiary From 21.6 billions National Fiberisation and Connectivity Plan .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,552 posts
Posted by calvintaneng > 2019-09-30 19:52 | Report Abuse
Very good.
Today is the end of September and tomorrow is the beginning of October
The month for launching THE DIGITAL ECONOMY BY PH GOVT 12 MP BUDGET WITH RM21.6 BILLIONS DESIGNATED FOR NATIONWIDE FIBERISATION PROGRAM
THIS IS IT
THE CENTRAL FOCUS IF FIBER OPTIC CABLES
AND THIS IS THE SINGLE MOST IMPORTANT COUNTER OF ALL
SO STAY HERE. FOR ALL OF REMAINING DAYS OF 2019 AND INTO YEARS
2020
2021
2022
2023
AND MORE
THE YEARS THAT OPCOM WILL ONCE MORE COME ALIVE!!