The 0.340 either is those t4 kaki kena remiser Potong or someone surrender due to today noon section market turn red, only less than few minutes, after that even queue 0.360 also can't get liao!
Very good dividends every 6 months....how nice.. For every 100lots one gets RM500 where to find. Better than keeping money in the bank..... Still sitting tight on my 0.08, 0.16, 0.27 purchases and collecting dividends.
hi everyone, i gained a news just now that Opensys succeed to get contract on public bank! now starting to use their machine you will slowly recognize opensys machine in pb branch
public bank is slowly using the CRM of opensys, but it needs time to replace the machine of whole maalysia...currently they just buy in small quantity, not yet big amount...even the director also buying in their own share now, what do you think?
masterwar, i agree purchase would be in small bulk, as competition is rife..previously spotted opensys machines in maybank, cimb and tm points, & now if pbbank is buying and directors buying in, seems can stay invested..im looking at least 42cents to take some profit and with Q results out soon, if can sustain, should be good enough...so lets see and hope all's well in our investment..cheers!
Opensys started on year 1993, surviving several of the economic downfalls until today, it is a company that provides self-service machine including cheque deposit machines, efficient service machine (ESM) and cash recycle machines and outsourcing services to the financial industry. Opensys commands up to 85% market share in intelligent image-based cheque deposit self-service machines (ESM) in Malaysia. The Cash recycle machine (CRM) is the new business that Opensys introduced into the local market, the CRM is aim to increase the efficiency of the cash management especially for banks.
The usage of CRM machine in Malaysia is still not yet popular, but it has a proven track record in oversea! It is proven in overseas banking industry that, CRM is an effective way to increase cash handling efficiency and reduce the ATM operation cost, the usage of CRM in Malaysia will thus become the trend in the future banking system, since this is a proven method to reduce cash handling cost, sooner or later, we believe the local banking firm will fully adapt to this technology, and this is the reason why investors start to draw attention to this company.
The market portion of CRM for Opensys is still very small currently, in addition, its competitor, CL System has big influent in the South East Asia CRM market, and it is the existing customer for some of the local banks, this competition is not something that we should neglect, for Opensys needs quite a lot of effort to secures the business portion from CL System.
Other than these, Opensys is also the market leader in image-based cheque processing system solution, It provides the electronic funds transfer services for its customers like bank, Insurance, utilities and telecommunication companies.
By looking into the financial status of Opensys, the net profit is increasing since 2010, the rates of increase for 3 years are more than 50%, and this is quite an attractive improving result that can be shown by a small capital company. If the coming quarter continues to show strong earning, the net profit of year 2014 is foreseen to achieve another high again. Opensys is mainly trading on its future prospect, which potentially to increase its net profit by its new CRM business unit and the listed in main board market, This series of prospects, upon succeed are likely to bring the price of Opensys back to its IPO price around RM0.92.
Opensys isn’t a new found potential stock by now, in fact, this company has been discovered and sought by investors since May 2014. The good news is, the major market correction on October has dragged down the shares price by great extent until it provides a new investment opportunity for investors. From the price chart of Opensys, current price is on the 120 days average price and it’s quite resisted there. The technical resistance is also near the 120 days average price, so if the trading price is able to stand firm above the RM0.38 level, the coming rally should be optimistic, provided no global tensions or issues are taking place. ADX give bullish signal with momentum due to the ADX line is above 20 and the cross-over of +DI line to -DI line. In short term, the 7 days moving average is slowly picking up and the consecutive gap formed is very bullish implying trend reversal, the next cut loss price shall be below RM0.30 and do ride on the trend if the bull run is continuously power by strong coming quarterly results.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kentg03
971 posts
Posted by kentg03 > 2014-11-03 15:00 | Report Abuse
alot of ppl take profit n run