Why do investors like OPENSYS 0040 S OPENSYS (M) BERHAD?
Effulgence
OPENSYS is an ACE Market company whose share price dropped a lot since the frenzy of 2020.
Write-ups and research videos on OPENSYS had been posted sporadically in the past.
I am writing a brief report derived from its Annual Report.
From its Annual Report, revenue decreased since 5 years ago but profit increased.
From data obtained on this website, it holds a proud record of never suffering a loss in any quarter since 2012 and give dividends non-stop each year since 2012.
Its business is closely related to banks with a bit of tech.
Why?
Its revenue is mainly from Cash Recycling Machines (CRM), Business Process Outsourcing (BPO) and Maintenance (of its hard and software products). It has around 80% market share in CRM.
Fourthly, its revenue is from Cash-in-Transit (CIT) using Smart CIT.
Lastly, a solar photovoltaic marketplace called buySolar.
From its Annual Report, it is a net cash company. Business is resilient due to most recurring revenue from CRM, BPO and Maintenance. Many customers are in essential services sector. (banks, telecoms, etc.)
I like its strong track record.
I like its steady and boring business.
I like a net cash company that always gives dividends to shareholders. No need to get heart attack like other companies doing rights issue.
I don't like its diversification into solar photovoltaic online marketplace. I hope they can prove me wrong.
I have OPENSYS since 2021. Looking to add more in 2022.
https://klse.i3investor.com/web/blog/detail/extraordinaryyou/2022-05-08-story-h1622472254-Why_do_investors_like_OPENSYS
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