@DChosen2 Yes, I agree. OpenSys delivered consistent profit in the past but I m unsure about the growth needed to support current valuations in view of the changing industry (especially banking) landscape. I think 60 - 70% of its revenue is derived from the banking industry. Banks are under a lot of pressure to cut cost and reduce the number of branches. The management is well aware of this development, and they are trying to diversify. I hope they will do well. I m forever grateful to OpenSys for the opportunities!
@RaveChan I have talked to the revenue guy before. They r in different biz compared to OpenSys. Revenue provides that small devices that accept your credit and debit cards. Revenue is so successful because their devices r everywhere. Revenue's biz is also very scaleable. Whenever I see CRMs from OKI (OpenSys), I aslo see NCR, Diebold, Hitachi and Fujitsu. Hitachi and Fujitsu are very diversified groups but I think OpenSys, NCR & Diebold are somewhat similar. At a glance, I m shocked that NCR & Diebold are making losses!
@bobbie, share price of NCR surged to US$48.20 (about RM200 per share) last Friday from a low of US$13.43 on 20th Mar 2020. OpenSys' share price is only US$0.11 (RM0.455). I will hold my shares with OpenSys and wait for the minute company to become a giant.
Its fundamental already changed due to effect of this pandemic… At east on CRM part. In future, less physical bank branches, soften CRM demand, people will use more online/digit banking... ATM machines will be in less demand.
Unless Opensys try to change the business path. Or else, it will only shrink more and more in the future.
OpenSys has an old men's board. 1 member is 87-year old and the other 5 above 60 years. Furthermore, there is no female rep on the board. I cannot emphasise more the importance of female board representation that adds value to the company. I hope OpenSys is not a MCP company.
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Posted by wickedlion > 2021-05-24 15:24 | Report Abuse
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