InstaForex

September 23, 2021

Opcom Shares Continue To ‘Fly’, Retesting Highest Levels Since 2015

 After showing an excellent performance a month ago by surprisingly recording a drastic increase of up to 10 times in its share trading volume, today again, the shares of fiber optic cable manufacturer Opcom Holdings Bhd again stole the spotlight when it managed to break the RM1 level which is the level the highest ever achieved in 2015.


The drastic surge is likely to be supported by news of the implementation of the National Digital Network (JENDELA) in Perak which will involve the construction of 171 new telecommunication towers and the increase of 1,754 communication transmitters.


Chairman of the Perak Youth, Sports, Communication and Multimedia Committee, Khairul Shahril Mohamed explained that it will involve the provision of fixed line fiber optic access to 252,475 premises in Perak.



"The implementation of JENDELA will focus on the process of developing a new website, upgrading existing transmitter stations to 4G technology," added Khairul Shahril.


In addition, it is also expected to provide fiber optic access at premises nationwide in preparation for the country’s technology transition towards 5G.


At 11.31am, Opcom's share price remained at 7.21% to RM1.19 after testing the RM1.28 level and thus it was listed as the second most actively traded counter today.


Opcom is a private limited company engaged in the manufacture of fiber optic cables and cable - related products and was incorporated in Malaysia in November 1994.