4 Reasons for this to FLY- OPCOM(0035)
1.Clear beneficiary of MYDIGITAL.
https://www.thestar.com.my/business/business-news/2021/02/23/beneficiaries-of-mydigital-initiative
MyDigital is a RM15Billion investment by the Malaysian Government and OPCOM(0035) is a clear beneficiary of this mega scale investment. Future earnings will come.
2.Malaysia’s Midas Touch Prince emerged as major shareholder.
https://malaysiastock.biz/Company-Announcement.aspx?id=1294681
Dato Eddie Ong Choo Meng emerged as a substantial shareholder, acquiring 24,632,300 shares which translate to 15.26% of OPCOM(0035) shares. We noticed everytime this Midas Touch Prince emerges as shareholder, the company will Rocket. In this case, OPCOM(0035)
3.“Something” is brewing with the emergence of Dynamic Prestige Consultancy Sdn Bhd. Take Note OPCOM(0035)
Technical Analysis:
4.OPCOM(0035) has been on the rise and is on a clear uptrend by forming higher lows. OPCOM(0035) found its support at RM0.600. Its next resistance is at RM0.635 and breaking this resistance, OPCOM(0035) will fly to its next resistance of RM0.820. With RM0.600 as support, the Reward to Risk ratio is 7.8times.
Conclusion:
We believe that OPCOM(0035) is a clear beneficiary for MyDIGITAL which is a RM15bil plan. OPCOM(0035) has Dato’ Eddie Ong’s attention and he as emerged as a major shareholder, “something is brewing”. OPCOM(0035) is also technically attractive. With the 4 reasons above...
What will you do?
DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.
https://klse.i3investor.com/blogs/THP/2021-03-12-story-h1542150017-4_Reasons_for_this_to_FLY_on_12_03_2021_Fry_Day.jsp
