As all Malaysians know, there is an economic stimulus which has just been released by the government on Thursday. Do take a look at how OPENSYS Berhad is positioned in this current environment. The fundamentals of this Penny stock should catch the attention of investors.
ABOUT
"Opensys is amongst the biggest and the best in the financial services, telecommunications, and utility industries today "
Source : Opensys Website.
The key development of this stock is that Opensys has just ventured into the Distribution, Sale and Purchase of Solar Panels through "buysolar.my" .
Value Proposed
Source : Theedgemarkets.com.my
Through this online platform, customers are able to choose solar products with the best financing options, as well as to facilitate the end-user market with the services offered by the key solar energy stakeholders.
OpenSys Technologies chief operating officer Luke Sebastian told reporters after the launching event here today that they are targeting 500 users per month, noting that there are some four million potential buildings.
“Rather than having a sales target, we want to spread awareness to consumers about this online marketplace,” said Sebastian.
Comments : Luke Sebastian is a genius as he understands that sales comes through education - Tip number 1 for generating huge sales
The website is fantastic and you should check it out in the link below this article provided.
Current SOLAR Economic Development :
1) Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) will open for bids quota of 1,400MW for solar power generation. This is expected to involve RM5 billion of private investments and generate 25,000 jobs;
2)GLCs such as TNB will invest RM13 billion in 2020, including accelerating projects such as LED street lights, transmission lines and rooftop solar installations.
You heard it right - RM 13 billion in 2020, RM5 Billion private investments. With Opensys having a hand in the solar industry, it should have some effect on this stock.
Fundamentals.
Market Capitalization: RM 123.63 Million
EPS (cent)
P/E Ratio
ROE (%)
Dividend (cent)
Dividend Yield (%)
NTA (RM)
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
Source: Malaysiastock.biz
Question - Why did they make a stunning net profit of RM 5.079 Million for a penny stock at only RM 0.415 ? - And this was before the launch of their solar marketplace.
Technicals - A Fresh New Uptrend
Technically, looks like this stock has consolidated for long enough and the stock have just brokeout from enough consolidation/ accumulation. First short term target would be RM 0.60 but the long term fundamental target remains at RM 1.80
Conclusion
This stock offers a very exciting future. The direction of the management is definitely right by alligning their visions and goals with the government of the day. Aside from this solar venture, the group also has a solid foundation and recurring income from its CRM, ATM and Finance complementing solutions.
(Sourced: Opensys Website)
Therefore, investors should "Open Eye See"
Thanks for reading.
Best Regards,
Greatwarrants
Disclaimer:
Investing in stocks is a great tool for capital gains. However, all investments come with risk. Therefore, all investment decisions should be borne at your own cost and I will not be held liable for any investment decisions made. Do not buy Equities if you do not know the risk !! Thank you.
Thanks, looking to accumulate more if it goes cheaper. Long term value holds within this fundamentally strong penny stock. Trade with caution in this volatile market...
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GreatWarrants
https://buysolar.my/
2020-02-28 00:01