Home targetinvest88 Will OPCOM see a take over offer from DATO ONG CHOO MENG ?

Will OPCOM see a take over offer from DATO ONG CHOO MENG ?

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One of the active businessman and investor during the volatile market in 2021 / 2022 period had to be Dato Ong Choo Meng.

Dato Ong Choo Meng business vehicle Ruberex had a great wind fall profit during the Covid19 pandemic, while Hextar is doing well in the chemical segment.

The recent movement included take over of SCH Bhd, renamed into Hextar Industries Bhd. Subsequently, he also bought into other listed entity - Opcom 0035 and Complete Logistic Services Bhd (COMPLET - 5136). He had also ventured into property and commercial retail segment with the 20% stake purchase at the EMPIRE CITY SHOPPING MALL RM 180 million through RUBEREX.

With the current spree that Dato Ong is going on, it seems that there will be more to be expected from his investment he had made.

The current notable movement is at Complete Logistic where Dato Ong offer a take over at RM 2.50.

To have a clearer look at how things unfold in Complete Logistic
5 march 2021 - Acquire 29% around price RM 1.70 to RM 1.80
November 2021 - Offer take over at RM 2.50, which is 40% above the block acquisition price
Feb 2022 - Complet price headed higher to RM 4.00

Will this event happen at Opcom ?

First acquisition of 15% around RM 0.80
Subsequent stake increase to 19% with additional stake acquire around RM 1.10

If the Dato Ong is going to offer a take over at 40% premium from it's previous purchase, that will priced around RM 1.50

Currently, Opcom is trading at RM 1.05, which is quite an attractive pricing to speculate on big corporate movement from it's shareholder.

Given the prospect of 5G where fiber optic are needed to enhance the speed of data delivery, OPCOM definitely had an edge over the future prospect.

If Dato Ong Choo Meng had great plans for OPCOM, there will be a high chance where OPCOM will see a take over offer in the coming future. Reader should be advise that the ABOVE CONTENT ARE BASED ON SPECULATION OF MARKET MOVEMENT BASED ON A PREVIOUS SET OF EVENT.