Letter of Award for the Contract "Rakan Unifi" for Unifi Service Installation and Restoration for Telekom Malaysia Berhad
The Board of Directors of Opcom Holdings Berhad ("Opcom") wishes to announce that its subsidiary, Opcom Cables Sdn. Bhd. has accepted a RM11.157 million Letter of Award - Contract "Rakan Unifi" for Unifi Service Installation and Restoration from Telekom Malaysia Berhad ("Telekom") on 14 May 2018 for the provision of works and services to Telekom for a period of eighteen (18) months commencing from 2 July 2018 to 31 December 2019 ("Award").
Financial Effect
The Award is expected to contribute positively towards Opcom Group's earnings and net assets for the period of the Award.
Risks
The risk factors which may affect the Award include but not limited to ordinary business risks, competition risks, operation risks, economic risks and regulatory risks.
Directors and Substantial Shareholder's Interest
None of the Directors and Substantial Shareholders of Opcom and/or subsidiaries or any persons connected to them has any interest, direct or indirect, in the Award.
From the AR, fiber optic cables biz no longer their priority because of high cost. Opcom is currently betting heavy in thixotropic compounds business and it is growing robustly. Conclusion, if you buy Opcom, you're indirectly buying Unigel company.
Opcom Holdings yang dipengerusikan oleh Datuk Seri Mokhzani Mahathir memperoleh kontrak bernilai RM11.16 juta daripada Telekom Malaysia (TM), beberapa hari selepas pilihan raya umum ke-14.
Mokhzani juga merupakan ketua pegawai eksekutif (CEO) syarikat berkenaan.
Opcom dalam satu kenyataan kepada Bursa Malaysia hari ini berkata ia telah menerima surat penganugerahan kontrak "Rakan Unifi" pada 14 Mei.
Kontrak yang bermula dari 2 Julai tahun ini sehingga 31 Dis 2019, adalah bagi kerja-kerja pemasangan dan pemulihan perkhidmatan Unifi.
"Penganugerahan ini dijangka menyumbang secara positif ke atas pendapatan dan aset bersih Opcom Group untuk tempoh penganugerahan," kata syarikat itu dalam pemfailan Bursa.
Adik Mokhzani iaitu Menteri Besar Kedah, Datuk Seri Mukhriz Mahathir mengasaskan Opcom dan memegang 25 peratus saham syarikat.
Opcom bagaimanapun berkata dalam kenyataannya bahawa "tidak ada pengarah dan pemegang saham utama Opcom dan / atau syarikat subsidiari atau mana-mana orang yang berhubung dengan mereka mempunyai apa-apa kepentingan, secara langsung atau tidak langsung, dalam kontrak (Rakan Unifi)."
Menurut The Star, saham Opcom melonjak 135 peratus sejak Mei dan pada Selasa ditutup 94 sen.
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....
King7
459 posts
Posted by King7 > 2018-07-24 11:12 | Report Abuse
Why today is slowing down...? 7 mil+ traded at 0.985 - 1.00 . Cusion nicely at 1.00.