Revenue increased by 30%. This shows Opensys management has really put much effort to gain lots of business. Unfortunately, very bad timing due to the weakening of MYR to yen. This is sad. Thing could be better if Opensys can pass on some portion of the cost to customers in future.
It is difficult for the ringgit to improve in short term therefore profit and earning will be down. Even it is a good company but the share price is expensive. Any good news like big after sales contract? Time to sell off.
BNM had on 24/3/17, announced new policy/ measures to enhance the security of ATMs & other related cash service machines against robbery attempts.
Among the few measures is imposition of ink-staining technology at ATMs, Cash Deposit Machine (CDM) & Cash Recycler Machine (CRM) which will cause the banknotes stored within to be stained in the event the ATMs are attacked, thus rendering any ink-stained banknote unfit for use.
The policy will come into effect on 1 April 2017 & must be implemented within following timeline:
• By 31/12/17 – 5% of total ATMs • By 31/12/18 – 15% of total ATMs • By 31/12/19 – 25% of total ATMs
As of 2016, estimated about 16K ATMs available all across Malaysia.
Opensystem Bhd (0040) being the market leader in providing ATM, CDM & CRM solutions & services is set to be the key beneficiaries.
OpenSys is a hidden gem. Superb fundamental and steady asset growth. Conservative management and I believe gearing towards 2017, 2018 and 2019, growth for recycling ATM is growing at a steady rate. If there is a consistent company growing to be a major bluechip player, OpenSys is definitely a contender.
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....
minuteCE
5 posts
Posted by minuteCE > 2017-02-25 00:21 | Report Abuse
Revenue increased by 30%. This shows Opensys management has really put much effort to gain lots of business. Unfortunately, very bad timing due to the weakening of MYR to yen. This is sad.
Thing could be better if Opensys can pass on some portion of the cost to customers in future.