davidtkt, glad you share my view. Happy investing!

Cash generated(from operating activities) per share is 4.47sen(FY2013)& 4.45sen(FY2012) as compared with EPS of 2.08sen(FY2013) & 1.58sen(FY2012).
Chairman's report in FY2011 mentioned that Opensys average (past 5 years) free cash flow is approximately 33% on revenue. Therefore, for a cashcow like Opensys, it is more appropriate to value it based on its cash generating capability. Applying mean Bursa market PE of 16 times, its fair value should be 71sen based on FY2013 result. Current price of 43sen essentially means the market is pricing Opensys shares at 9.61 times its cash generating capability per share.(from operating activities). There are ample room for its share price to trend upwards. Moreover FY2014 which is expected to be more favourable has not been factored in. Just sit back and enjoy the ride!

A rough diamond being transformed into a polished diamond! Be patient and don't sell too early even though the gain is too tempting. Wait for the polished diamond. Just hang on. Hope everyone is this forum make handsome gain.

Chairman statement in Annual Report 2012 mentioned that Opensys has teamed up with OKI Japan (original inventor of cash recycling technology 30 years ago) to sell, support and provide maintenance of CRM to financial institutions in Malaysia. Combined total of CDMs and ATMs among all banks in Malaysia is 15,000 and are growing at a rate of 10% annually.

IPO price 0.24. That was 10 years back where profit showed 559k in the year 2004 compared with 4.6M in 2013. Opensys seems undervalued at current price as share cap remains unchanged.