Oppstar saw biggest single jump after Samsung tie-up news. More to come?
What a day for Oppstar Bhd
.
The counter saw the steepest jump in a single day since its listing, jumping 16% to close at RM1.45 on Apr 30.
The counter saw the steepest jump in a single day since its listing, jumping 16% to close at RM1.45 on Apr 30.
This was after the company revealed its tie-up with the world’s second-largest foundry owner, Samsung Electronics Co Ltd.
Oppstar reached a five-month high, touching an intraday high of RM1.55 on active trade.
Not bad for the integrated circuit (IC) design service provider, which lost some 30.6% in value over the past year.
Despite the great run, the counter is still trading below its 52-week high of RM2.11 in May last year.
On April 29, Oppstar announced its collaboration with Samsung to produce industrial IC, which will be manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.
South Korean electronics giant, Samsung, is the largest memory chip manufacturer as well as the second largest foundry business company in the world.
Such collaboration did not come as a complete surprise as in February, there were talks of it close to establishing a direct partnership with a world-renowned wafer fab.
According to independent market researcher, Counterpoint Research, Samsung holds a 14% market share in the global foundry market, as of the fourth quarter of 2023.
Semiconductor sales stood at US$46.2bil In February 2024, signifying a 16.3% year-on-year growth from US$39.7bil a year ago.
Investors are also anticipating Oppstar to land some design jobs in Japan as it has bid for such jobs via its newly-acquired Japanese unit.
This is one of the group’s strategies to broaden its regional presence and Japan is prioritised due to a healthy number of enquiries from Japanese companies seeking to leverage Oppstar’s expertise, in line with the Japanese government’s initiative to revitalise its semiconductor industry.
There are number of factors for investors to like Oppstar as an investment case.
The company has a strong foothold and growing presence in the front-end semiconductor space with high entry barriers, specifically, stringent qualification requirements.
It also has strong design capabilities in leading-edge process nodes.
There is also less risk on single customer dependency as it has a diverse customer base from the East and the West given its strong working relationships with various foundries.
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takai : just a normal business with Samsung. what are y'all so exciting about? my colleague all laughing at how ppl react on the news
Zaclim OP takai : News = goreng opportunity![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
takai Zaclim OP : but they really need to know the truth value of the news. Oppstar don't have a fab and that's the reason they need Samsung to manufacture for them. It's not like they collab with Samsung to design stuffs also. they are not even selling IPs to Samsung like other IC design company in Malaysia
丁蟹1984 takai : you know what is fabless design company? like qualcomm, broadcom,nvidia and AMD do there has fab? they also rely on some SEA engineer to help them design IC, look at thier market value now, rome not build in just 1 day, its just a beginning. when it fully mature you think it just worth rm1.xx per share?
takai 丁蟹1984 : ofc I know. Do you know how many fabless companies are there in the world? and what makes amd, broadcom distinguished from others? it's because of their IPs. Go check how much IP they got and how much oppstar got. ASIC design is just common
103213567 takai : You think AMD,nvidia come out no where from just 1 day? They also been through some start up and hard time. Since the design team mostly are Asian why not we also become 1 of them? Not 100% maybe just 10% is worth more then enough.
takai 103213567 : I understand and support your opinion too. Just that you need to understand the news itself. No need to overreact on it. Samsung fab for a lot of companies and universities. It's just a normal business. Again, no IP no patent, so not deserve so much compliment. See another of our Malaysia IC design company which has near 100 patent registered in USA, Malaysia and China. Oppstar is nothing.
103213567 takai : Haha no wonder you dislike this company so much… you come from his competitive company. Thanks for your time have a good day.
takai 103213567 : First of all, I'm not the employee of both companies. Plus, two of them working in different area. IC design is wide mate.
Zaclim OP : Chill bros, for me doesn't matter if the news is good or not. most important is it can push the market then is good enough