Posted by NoTimeToTrade > 2023-05-05 12:27 | Report Abuse

Honestly i don't understand why malaysian retail traders keep falling for the same ipo tricks. the underwriters have such an easy time taking your money. next time, read the blardy prospectus, read the whole damn book no matter blardy thick it is, and then go find out what they intend to do with you money and whether it is logical or not, don't even need to be insider, just use some simple logic. Don't just buy because its I-P-O.

Disclosure : i didn't buy Oppstar because in their prospectus they are already honestly stated the glaring problem with their business going forward - the blardy kirin core chip

Posted by Cakes Moon > 2023-05-05 12:35 | Report Abuse

All stuck above RM2.10!!!
Die lo this time!!!

Posted by JusticeBao > 2023-05-05 12:43 | Report Abuse

Since last week we already know Taiwan in recession

Posted by Loh Kok Wai W > 2023-05-05 14:34 | Report Abuse

Many new listing share...is made money.....n Run...Long Term invest ???? Don't imagine.....

Posted by sirdukes > 2023-05-05 15:32 | Report Abuse

Should we exit now?

Posted by pharker > 2023-05-05 15:52 | Report Abuse

Blood bath coming

Posted by xuxu > 2023-05-05 16:15 | Report Abuse

yeah, been standing long at 2.1 and suddenly slam down

Posted by xuxu > 2023-05-05 16:40 | Report Abuse

The support is really weak. let it fall first then consider still can buy back or not

Posted by xuxu > 2023-05-05 16:44 | Report Abuse

day 2 of falling only, observe first

Posted by coolkhoo > 2023-05-06 08:35 | Report Abuse

Keyasic doing same business as oppstar. And Keyasic share only worth 6 cents. So we will know Oppstar future.

Posted by Hwmatepadt8 > 2023-05-06 18:04 | Report Abuse

Oppstar only OEM. It just do whatever customer ask to do. They don't have capability to define anything yet... Not even got a patent yet... You guy know those low performance employee from MNC go where?

Posted by xuxu > 2023-05-09 09:21 | Report Abuse

Siapa marah kasi buang semua 1.5 ? hehe

Posted by Cakes Moon > 2023-05-09 09:27 | Report Abuse

Habis cerita!!!

Posted by xuxu > 2023-05-09 09:30 | Report Abuse

falling without support, don't buy now

Posted by Loh Kok Wai W > 2023-05-09 13:04 | Report Abuse

做老千更好揾过做 皇帝。。。。现在的股票都是 ：赌的，有赚就卖，长期投资 会很失望和大亏。。。。那些分析家讲的话，听就好，不能尽信。

Posted by coolkhoo > 2023-05-10 15:31 | Report Abuse

Oppstar directors eat investors money haha…

Posted by Yu_and_Mee > 2023-05-10 20:26 | Report Abuse

over promoted like diamond hahahaha
may slowly dropping

Posted by EatCoconutCanWin > 2023-05-10 21:15 | Report Abuse

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

Posted by Lee Ying Yee > 2023-05-13 06:06 | Report Abuse

leave quickly ???

Posted by xuxu > 2023-05-15 11:24 | Report Abuse

1 day happy nia

Posted by Loh Kok Wai W > 2023-05-15 11:37 | Report Abuse

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

Posted by frick2fa > 2023-05-15 16:32 | Report Abuse

ya better run now

Posted by karigang > 2023-05-24 12:28 | Report Abuse

power gone

Posted by nothingfree > 2023-05-24 22:07 | Report Abuse

when quarter report out? got dividend?

Posted by sasword > 2023-05-25 12:47 | Report Abuse

Power up, power to sell underpants up up up

Posted by King_trader_shadow > 2023-05-30 19:41 | Report Abuse

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

Posted by BursaKakis > 2023-05-31 11:54 | Report Abuse

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

Posted by winetime > 2023-06-01 14:48 | Report Abuse

Best counter 2023

Posted by special_situations > 2023-06-02 00:42 | Report Abuse

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.

Posted by Loh Kok Wai W > 2023-06-08 13:03 | Report Abuse

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

Posted by Loh Kok Wai W > 2023-06-21 12:27 | Report Abuse

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

Posted by lalabt > 2023-06-21 16:47 | Report Abuse

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.

Posted by lalabt > 2023-06-21 16:55 | Report Abuse

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.

Posted by lalabt > 2023-06-21 20:24 | Report Abuse

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.

Posted by gohkimhock > 2023-06-22 00:12 | Report Abuse

this counter RM1.20 also expensive la..

Posted by Bobi776 > 2023-06-28 15:02 | Report Abuse

Ok bye see you guys later

Posted by BursaKakis > 2023-07-14 07:01 | Report Abuse

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

Posted by Loh Kok Wai W > 2023-07-17 13:35 | Report Abuse

Goodbye Yellow Brick Road...

Posted by faridfet > 2023-07-21 11:00 | Report Abuse

PE is at 110x?

Posted by faridfet > 2023-07-21 11:00 | Report Abuse

overvalue stock

Posted by cbkia4896 > 2023-07-21 12:30 | Report Abuse

gg me

Posted by cbkia4896 > 2023-07-21 14:53 | Report Abuse

money gone
i bought at rm2 somemore

Posted by coolkhoo > 2023-07-21 15:18 | Report Abuse

This kind of company only bodoh will buy

Posted by MILKMASTER2002 > 2023-07-28 16:22 | Report Abuse

Hahaha gameover jor

Posted by GammaRay > 2023-08-16 13:14 | Report Abuse

Wait for Oppstar at 1.50 and grab

Posted by cbkia4896 > 2023-08-18 15:23 | Report Abuse

Haiz... sakit gao gao

Posted by karigang > 2023-08-21 15:32 | Report Abuse

Oppstar more like fallen star

Posted by GammaRay > 2023-08-22 09:37 | Report Abuse

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

Posted by newbie8080 > 2023-08-23 19:07 | Report Abuse

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

Posted by GammaRay > 2023-08-24 10:31 | Report Abuse

Yupe. Hopefully there will be some good news in it