With the attractive PE + dividend yield + growing profits, it is surprising that none of the business news sections of our local newspapers have wrote a stock feature yet. Perhaps due to lack of uptrend momentum. Expecting one some time soon when there is a slight upward trend.
Japanese Yen has been appreciating the last few days. Making the cost of the machines more expensive in terms of RM. The stock will continue to trade sideways.
JPY v MYR is a boring pair....it trades in a range of 0.30 to 0.40 in the last 10 years. Most of the time is around the 0.33 - 0.36 range...i.e. JPY and MYR tends to move in tandem against USD ups and downs.
It looks like there is institutional involvement in this stock...road blocks on both upside and downside every day....leading to very little activity controlling the price.
A symmetrical triangle pattern is forming and in bar charting this pattern is a mid-point continuation pattern formation....upside is coming soon in Q3 or Q4.??
Dividend gone ex-date 31Mar16. Dividend payment soon.....20Apr16 It's in a tide symmetrical triangle pattern.....potentially got more upside based on chart technical
OPENSYS has carved out a symmetrical triangle while prices were consolidating since peaking out at 36.5 sen on Aug 5, 2014, the best level in more than a decade. Technically, indicators are improving, suggesting a steadier trend in the short-term. Based on the daily chart, a breach of the 33 sen barrier would lead to a re-test of the previous rally peak of 36.5 sen or higher. On the opposite, a crack of the 27.5 sen important support is likely to drag the shares down to the 24 sen area. In this case the lower support of the 20 sen mark will become much weaker.
@NoPainNoGain, thanks for sharing, but that note says nothing at all. Someone above mentioned The Edge Weekly article, hope someone posts that up for us to read soon.
Any positive comments in support of anyone wanting to try their luck here...more comments please as I may want to try my luck here too....,usually I don't go for such counters , maybe the 1st time brings luck, lol
@supermix2, trading between 0.285 - 0.30, can make some money here if you know your stuff, but it's not liquid. Suggest to hold for 1 year period to see gains.
Latest issue of The Edge Weekly does not appear online. It is a relatively long article that talks about how they started until its present form. Buy a copy and have a good read!
loveygramps @supermix2, trading between 0.285 - 0.30, can make some money here if you know your stuff, but it's not liquid. Suggest to hold for 1 year period to see gains.
Everything seems perfect for this company. With revenue and profit keep increasing y-o-y. Consistent dividend for 5 years now. Still huge market for their CRM (which hopefully can ripe to benefit as they hope too). The only things lagging is their share price movement maybe due to lack of interest from investor. Still holding and confident with this one.
A year ago, 1 yen = RM0.02990, today 1 yen will cost you RM0.03749. This is an increase of RM0.00759 or an increase of 25% for the cost of CRM machines that they are buying from Oki in Japan. Not sure if they were able to get discounts from Oki. As long as Yen keep going up, there will be pressure on margins. Additionally, with more and more transaction moving from cheques to on-line transfer, there could be revenue pressure on the cheque clearing biz. With this, I expect the stock will be trending lower.
@freeman975, actually got logic and method to calculate intrinsic value. Based on five year ROE, Sales and Debt to Equity etc~ We can get a logic number and predict the value
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....
NoPainNoGain
1,018 posts
Posted by NoPainNoGain > 2016-03-22 09:43 | Report Abuse
Breaking 30 cents seems like one hell of a job to get it done. Breaking is one thing, holding of far and above 30 cents also seems far fetched.
Wish I'm all wrong though.. ;D