Postby winston » Mon Feb 11, 2019 9:08 am

not vested

Trading Buy: OPENSYS-0040
(Last price: RM0.315, Potential upside +22.2%)

Company Profile

• Opensys (listed on ACE market in 2004) is a leading solutions provider for the financial services, telecommunications and utilities industries. It also provides end-to-end managed services outsourcing, particularly for self-service terminals, bill payment kiosks and back-office cheque processing services

Trading Catalyst

• We like OpenSys due to its dominant position (~80% market share) in the fast-growing CRMs (grew at 40% CAGR in the last 5 years) market.

• Despite the threat of migration to cashless society, OpenSys remains confident of its prospects as there is a huge latent demand for CRMs due to replacement cycles of banks’ ATMs and CDMs. Moreover, OpenSys believes that the migration of cash to digital payments will be a gradual process (an evolution rather than a revolution)

• A decisive triangle breakout may retest the RM0.36-0.385 territories.

Technical View
• Resistance: RM0.340 / RM0.360 / RM0.385
• Support: RM0.300 / RM0.290
• Cut loss: RM0.285

Key Financial Stats

• Trading at 9.6x trailng P/E and 1.73x P/B (64% and 24% lower than its peers), with a decent 3.2% yield.

• Ex-cash of 6.3sen, the stock is only trading at 7.6x

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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