Posted by cK1973 > 1 month ago | Report Abuse

still long way to go....
hopefully it will go below 20.....
need to do some averaging.....

Posted by M55555 > 1 month ago | Report Abuse

Why this counter ketinggalan from federal government’s ongoing digitalisation initiative ?

Posted by damansaraeagle > 1 month ago | Report Abuse

Telecommunication support services provider Binasat Communications Bhd has bagged a RM58.26 million contract to supply and install cable systems from Tenaga Nasional Bhd (TNB). Binasat said the contract is for the double-circuit underground cable from Pencawang Masuk Utama (PMU or substation) Titiwangsa to PMU Genting Kelang, and from PMU Genting Kelang to PMU Kampung Lanjut. The job is expected to take about 910 days or nearly two-and-a-half years to complete. — Binasat unit clinches RM58.26 mil cable systems contract from TNB

Posted by damansaraeagle > 1 month ago | Report Abuse

Opcom Holdings Bhd has acquired an 18% stake in Binacom, marking a strategic collaboration to enhance their telecommunications services. This partnership aligns their capabilities, with Binacom focusing on underserved regions in Malaysia, including projects like installing Very Small Aperture Terminals (VSATs) and Point of Presence (PoP) setups​

Posted by damansaraeagle > 1 month ago | Report Abuse

Wake up guys , coming around the corner ------------------------As of September 2024, Opcom Holdings Bhd (now renamed Hextar Capital Bhd) is actively involved in strategic acquisitions and share movements. One key development is the increase in the stake held by Hextar Capital's CEO, Eddie Ong, who now controls 20.7% of the company's shares. There has been significant insider trading activity, with substantial disposals of shares by major shareholders, including over 16 million shares sold by a company director​.These moves reflect ongoing efforts by Opcom/Hextar Capital to position itself strategically, possibly leveraging its telecommunications sector capabilities after recent expansions like its increased stake in Binasat Communications​.

Posted by damansaraeagle > 1 month ago | Report Abuse

who is Eddie? HEXTAR Group CEO Datuk Eddie Ong Choo Meng is probably one of the most talked about corporate personalities in the investing fraternity. Over the past few years, the 44-year-old businessman and his family vehicle, Hextar Holdings Sdn Bhd, have been actively buying into companies.

Today, Ong and his family control nine public-listed companies (PLCs) on Bursa Malaysia. They also have minority stakes in another 30 PLCs.

Ong has been involved in corporate actions ranging from mergers and acquisitions (M&A) to asset injections, asset sales, business diversification and takeover offers — all within a span of five years, if not shorter.

Some retail investors have been tracking his acquisition trail as they somehow believe he can provide the catalyst for a share price rally. However, conservative investors see him in a different light, to say the least.

So, just who is Ong?
In 1985, his father Datuk Ong Soon Ho started agrochemicals marketing firm Hextar Chemicals Sdn Bhd in Klang, Selangor. This gave him a base to grow the Hextar Group of Companies into the country’s largest pesticide producer. The group manufactures chemical fertilisers and industrial chemical products, among others.

Ong entered the Malaysian corporate scene by engineering a reverse takeover of Hextar’s rival Halex Holdings Bhd in 2017. Subsequently, Hextar’s agrochemical arm, Hextar Chemicals Ltd, was injected into Halex for RM596.79 million. The latter was then renamed Hextar Global Bhd.

But it was Rubberex Corp (M) Bhd where Ong made a massive killing as the share price skyrocketed from a low of 24 sen to a peak of RM2.95 (after price adjustment following bonus issue of shares).

The investment allowed him to ride the unprecedented glove mania during the Covid-19 pandemic in 2020. He made his name with that move.

However, Ong attributes the lucrative investment to luck. “Whether Rubberex was the Midas touch, if you ask me, the answer may be no. I was very lucky,” he says in an interview.

Notably, Ong bought a 27% stake in the Ipoh-based glove maker in late February 2020, a few months before the start of the global Covid-19 pandemic. Logically, the return on investment would have boosted his war chest, allowing him to be aggressive and bold in his ventures.

Ong also has under his belt companies such as Hextar Industries Bhd (formerly known as SCH Group Bhd), Hextar Technologies Solutions Bhd (formerly known as Complete Logistic Services Bhd), Classic Scenic Bhd, KIP Real Estate Investment Trust (REIT), Pekat Group Bhd, SWS Capital Bhd and Opcom Holdings Bhd. Recently, a series of corporate exercises involving Hextar Industries, Hextar Tech, Classic Scenic and KIP REIT cast the spotlight on him again.

Posted by Income > 1 month ago | Report Abuse

Cooking a story here?

Posted by damansaraeagle > 1 month ago | Report Abuse

No, numbers of people suspected Eddie Ong as only share manipulator. I am not so sure that is true as his partisan in Binacom seems to be some manipulation in contract.

Posted by damansaraeagle > 1 month ago | Report Abuse

entered a reasonable price and is included as one of the buy stocks. Preparing for a Portfolio Restructure

Posted by innocent9331 > 2 weeks ago | Report Abuse

Hexcap and Binasat two abang adik holand stock

Posted by zerocool7199 > 2 weeks ago | Report Abuse

All kena conman eddie ong hand.haha

Posted by yokatta > 1 week ago | Report Abuse

Senyp jer HAHA

Posted by damansaraeagle > 1 week ago | Report Abuse

remember , eddie also pushes stock

Posted by SLLEE5732 > 1 day ago | Report Abuse

Us futures up +1000 points