Oppstar

2023 - 3 - 15

Post cover — Image courtesy of "The Star Online"

Oppstar soars 225% on ACE Market debut (The Star Online)

KUALA LUMPUR: Oppstar Bhd made its debut on the ACE Market of Bursa Malaysia at RM2.05 a share, a 225.4% premium over the issue price of 63 sen a share.

"As we gradually progress, we continually ask ourselves what we can do to expand our business and continue to build up Malaysia’s profile in the front-end semiconductor space. This was where the rationale to go for a listing came about leading up to this today," said Oppstar executive director and CEO Ng Meng Thai said in a statement. “Our vision for the company is simple and clear and it is to show the global players that Malaysia is not only known for its back-end semiconductor value chain, but also has the capability to go into front-end semiconductor IC design.

Flying start for Oppstar, stock up 225% on IPO... (The Malaysian Reserve)

OPPSTAR Bhd had a flying start for its debut at Ace Market on the Bursa Malaysia this morning, jumping 225% to RM2.05 at the opening bell.

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ACE-Market listed Oppstar debuts at 225% premium against IPO price (The Edge Markets MY)

KUALA LUMPUR (March 15): New ACE-Market listed Oppstar Bhd opened at a 225% premium against its initial public offering (IPO) of 63 sen on Wednesday (March ...

Profit after tax grew from RM421,000 for the financial year ended Dec 31, 2020 (FY2020) to RM7.8 million in FY2021, and RM16.63 million in FY2022. “There will be a slowdown in the [semiconductor] industry due to geopolitical uncertainties, high inflation and [the] possibility of [a] global recession. Now we have 220 employees,” Ng explained. Meanwhile, RM25 million of the gross proceeds will be used to establish new offices in Penang, India, Singapore and Taiwan, RM12.65 million for working capital, RM12 million for research and development expenses, and RM4.6 million for estimated listing costs. China is the largest revenue contributor to the group at 79.7%, followed by Malaysia (12.68%), Japan (7.5%) and the US (0.12%). Despite the slowdown in the semiconductor industry, Oppstar will continue to benefit from semiconductor product growth driven by 5G technology, artificial intelligence (AI) and the Internet of Things (IOT), according to Ng.

Oppstar opens with 225% premium on ACE Market (Free Malaysia Today)

Penang-based semiconductor firm begins trading at RM2.05.

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Oppstar makes spectacular debut on ACE Market with 225% premium (The Sun Daily)

KUALA LUMPUR: Integrated circuit (IC) designer Oppstar Bhd made an impressive debut on the ACE Market of Bursa Malaysia, opening at RM2.05, a 225.4% p...

This expansion will enable the company to compete for more orders and tap into larger potential customers while providing flexibility in managing resources and timely service delivery. “Besides Malaysia, we are now serving clients in countries such as China, Japan, Singapore, as well as the US. The remaining RM4.6 million will be allocated for its listing-related expenses.

Oppstar makes sterling debut on ACE Market (The Star Online)

PETALING JAYA: Oppstar Bhd will focus on building its human resource capital post-listing, as the technology sector is set to grow from the opportunities ...

The share price hit a high of RM2.95 and a low of RM2 in intraday trade. Our expansion plans will enable us to groom future talent and grow our geographical presence which will progressively help strengthen Malaysia’s front-end semiconductor ecosystem in line with our vision,” he said. In fact, every one of our employees, except for those that came on board after the IPO’s closing date, is a shareholder of the company. The stock closed its maiden trading day up 285.7% or RM1.80 higher at RM2.43 a share. Oppstar raised RM104.3mil from the public issue of 165.48 million new shares. With an enlarged workforce, we also hope to grow our revenue and profitability accordingly,” he said after the company’s listing yesterday.

Oppstar on track for better net earnings growth in FY2023,FY2024 ... (New Straits Times Online)

KUALA LUMPUR: ACE Market of Bursa Malaysia debutant Oppstar Bhd is projected to register a 13.4 per cent and 46.6 per cent growth in net earnings for the ...