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  Amazinggrowth Is this a no-brainer investment? Free cash flow yield 15% https://klse.i3investor.com/m/blog/Amazinggrowth/197164.jsp 10/03/2019 12:53 PM stockraider LETS ANALYSE OPENSYS ; OpenSys has four business revenue models, namely (i) outright sales, NEUTRAL GROWTH PROSPECT (ii) software services, GOOD PROSPECT STILL GROWING (iii) outsourcing services CHEQUE PROCESSING FALLING VOLUME (iv) maintenance services. GOOD PROSPECT DUE TO HUGE CRM MACHINE THE CHALLENGES POSE; 1. CHEQUE PROCESSING OUTSOURCING BUSINESS FALLING INCOME DUE TO LESS VOLUME OF CHEQUE USE LOH....!! 2. OUTRIGHT SALES OF CRM MACHINE LOWER GROWTH RATE AS THE VOLUME GROWTH TAPER DOWN DUE TO MATURITY OF THE MARKET AND COMPETITOR LIKE NCR AND HITACHI START COMING OUT WITH THEIR OWN CRM MACHINE. THIS MEAN MKT INTENSIFY LOH....!! BUT OKI UP THEIR ACT....THEIR MACHINE CAN EVEN PROCESS RM 1 NOTES LOH......!! 3. SOFTWARE AND MAINTENANCE SERVICES SHOULD BE THEIR CORE BASE BUSINESS BUT THERE MAKE UP FOR DECLINING SALES OF CHEQUE PROCESSING AND LOWER RATE OF CRM SALES ?? RAIDER SEE THE ANS IS YES.....BUT MKT SAY UNCERTAIN....THATS WHY PE LESS THAN 10X LOH....! But overall...Raider see it is a worthwhile investment in opensys the core software and maintenance should give a large core base income loh......!! 10/03/2019 1:29 PM Amazinggrowth Philip, I don’t mind buying a company with high ROE of 18% and FCF yield of 15%, even if it is an “average” company, by your definition. Better still, I’m paying less than 7x free cash flow for THE market leader with blue chip clients, with net cash position, with 3.79% dividend yield, with undemanding valuations, and exciting growth prospects. Why exciting growth prospects? In the last five years, the total number of CRMs in the market has grown exponentially with a Compound Annual Growth Rate of close to 40 percent. Is this expected to continue? Yes. Because banks will continue to cut costs. Banks are benefitting from the cost- effectiveness of CRMs in areas of cost of ownership, lower cash holding and reduction in cash handling cost. These significant savings have been a major driving factor for banks to undertake major fleet replacement and consolidation, resulting in the exponential growth of CRMs. What is the total market size? The total number of ATMs and CDMs in Malaysia is 17500 units with annual growth of about 5%. Opensys’ installed base of CRM (only) is 2600 units with close to 80% market share. Therefore, total CRMs in Malaysia is 3250 as compared to 17500 ATMs and CDMs to be replaced sooner or later. Assume only 60% machines are CRMs in the future, the growth potential is more than 3 times (10500 units as compared to 3250 today). https://klse.i3investor.com/m/blog/Amazinggrowth/197218.jsp 16/03/2019 10:16 PM bursadiary The biggest catalyst? my shareinvest 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. Worth relooking at this. 29/03/2017 10:54 AM 24/03/2019 3:10 PM skyea https://themalaysianreserve.com/2017/03/31/bnm-ink-stain-tech-my-ringgit-app-to-deter-currency-theft/ 25/03/2019 11:31 PM Think Strong accumulation, but price not moving up. Someone gathers stocks at low. Price will spike once no more ppl selling. 03/04/2019 12:30 PM bursadiary P/BV 1.76 times only? So low? Most tech companies P/BV is 5-6 times! Vitrox is 8 times. P/BV is not relevant for tech companies because their ROEs are high. You should focus on key ratios like ROE, PEG, PER. 07/04/2019 11:39 PM  YAPSS Day 36 of Fundamental Daily, YAPSS will be covering Opensys (M) Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #OpensysBerhad Click the on the link to find out more: https://www.youtube.com/watch?v=Uu-lDarLOI0 08/04/2019 11:28 PM skyea management themselves have alot of shares (most of them in top 30 list), they wont let opensys die one la. investors here trading the share as though it will die in the next few years. as if management is not aware of whats going on in the cash economy. retailers should ask themselves which is more logical? 1) that we retail investors know everything and management knows nothing 2) or management already preparing for the next phase but havent announce it yet.. 23/04/2019 2:05 AM Amazinggrowth Opensys achieved the FIRST major breakthrough in branch transformation strategy after successfully implementing a “Branch of the Future” solution in one of the major banks in Malaysia at the end of last year. The market potential for its BOTF solution is 2,000 bank branches in Malaysia. Assuming a new digital branch would cost RM500,000 each (to be conservative) the total market potential for Opensys is RM1 billion! https://klse.i3investor.com/m/blog/Amazinggrowth/205094.jsp 05/05/2019 1:31 PM bursadiary This is a great catalyst!! Game changer!! I suggest we open up our mind. imagine the exponential growth of CRM machine!! Now another new product!! Target Price of 80 sen? RM1.20? RM1.50? I don't know but I am very optimistic!! 05/05/2019 5:40 PM Twltwl UUM is link with kiplePay to launch cashless payment. Cashless payment widely use in society now. 05/05/2019 9:25 PM Twltwl Cashless payment widely use now. http://www.klsescreener.com/v2/news/view/524390 05/05/2019 9:27 PM bursadiary Yes , cashless payment is here. How often do you use ewallet? Can I stop using cash? No. I still need cash everyday. Give me a call after you don't use cash anymore. 05/05/2019 11:50 PM  (HK1997 again) Philip Grab, Uber, tabao, Lazada, Alibaba were barely in Malaysia 5 years ago. Now everyone from my wife to my daughter uses it. Whenever I travel these days I just use grab or Uber surcharge. When I am in a long meeting with my team, we just order Uber eats, panda. Online transfers and Alibaba are my main mode of transferring money these days. Even cheques are slowly being phased out. Verification is becoming more and more safer with good security apps. You only think about cash because you live in Malaysia. In China online wechat payments are dominating the market. In Japan almost everything can be paid via your smartphone. In many countries like in UK there I go often we don't even bring selling cash anymore, everything can be paid via debit card and credit card, from food, to bus rides to clothes to buying groceries at Tesco. If you think the future is not going cashless then you need to think hard. Which would you rather carry if it was convenient, a card or a pile of easily stolen cash. FYI even coin payments at the food court these days I just shake the boost to pay for it. So yes, I use ewallet very very often. How often do you use cash to pay for your grab/uber rides? >>> Posted by bursadiary > May 5, 2019 11:50 PM | Report Abuse Yes , cashless payment is here. How often do you use ewallet? Can I stop using cash? No. I still need cash everyday. Give me a call after you don't use cash anymore. 09/05/2019 8:36 AM (HK1997 again) Philip Just in case you still live under a rock somewhere and don't realize that given 2 exact choices, everyone will always pick up the more convenient one. Fact remains, cashless in more convenient ( and getting safer by the day) than cash. Sooner or later, Malaysia will embrace a cashless society like other parts of the world. For banks, crm and cash machines may soon become a hindrance than a savings. If you can pay your bills online, why walk to the bank at all? >>>>> https://themalaysianreserve.com/2018/12/21/e-wallet-users-see-rapid-growth-in-msia/ 09/05/2019 8:41 AM Shinnzaii Even cinema also become more cashless already...online payment and scan bar code to enter...but seriously malaysia F&B retail still slow to evolve to cashless payment...hehe 09/05/2019 8:44 AM skyea i think this cashless argument is not new, it has been going on for a few years already, Yet in the recent quarter, banks installed a record number of CRM machines, the most ever in a single quarter..the banks seem to act the opposite of what these naysayers are preaching.. 09/05/2019 1:37 PM bursadiary OPINION VS FACT 2015: we are going cashless (OPINION) 2015: 200-300 CRMs 2016: we are going cashless 2016: 1000+ CRMs 2017: we are going cashless 2017: 2000+ CRMs 2018: we are going cashless 2018: 4,000+ CRMs (FACT) Everyone can have their opinions. But facts are what really matters. Period. 09/05/2019 9:17 PM bobbie A foreign shareholder in the name of DBS Bank Ltd has emerged as the second largest shareholder with 10.1 million shares. Another interesting shareholder with 1.4 million shares is Alma Rubber Estates Sdn Bhd. This very well established company was founded more than 50 years ago in 1963. Why are they buying into OpenSys? 10/05/2019 9:51 AM Twltwl Cashless transaction society more and more popular now. https://www.orientaldaily.com.my/news/north/2019/05/11/290283 12/05/2019 5:37 PM Twltwl Wet morning market start to use ewallet as payment dy. Convenience and rebate given. 14/05/2019 12:51 PM tapdance The Number of ATMs Around the World Has Fallen for the First Time - https://www.bloomberg.com/news/articles/2019-05-20/atms-once-the-future-of-banking-starting-to-become-more-scarce?srnd=premium-asia 21/05/2019 11:08 AM equitydiary https://www.rbrlondon.com/wp-content/uploads/2019/04/GA23_Press_Release_230419.pdf 23/05/2019 10:31 PM  Choivo Capital Thanks, i have never seen this site before. Fairly ok with the result, would prefer if more machines are sold of course, but i know for a fact that all atm and cdm's will be replaced with crm in 5 years, and opensys will be more than able to maintain their market share. I can ride the bumps. ==== equitydiary https://www.rbrlondon.com/press/ 23/05/2019 10:39 PM 27/05/2019 6:56 PM KassimBaba7 Shopping time or wait and see time? Hmm... I was hoping to get it cheap - looks like a good deal? hmmmm... 28/05/2019 10:14 AM bursadiary As expected, Q1 is a slow quarter. But dividend is a surprise!! Last 12 months dividend is 1.5 sen!! Very strong cash inflow!! More dividends coming!! Good buying opportunity!! 28/05/2019 10:17 AM sasword All sold this lousy counter tickets ady, no one cares it is alive or dead. 28/05/2019 8:20 PM equitydiary Maintenance income from CRMs will be the earnings driver and it’s a recurring income. 1. Why not strong yet? Because Opensys provides 3 years free maintenance. They started selling CRMs only in 2014. 2. How much contribution? Annual maintenance fee is 10-12% of CRM selling price (RM60-70k). - Say 1 CRM sells for RM60k, @10% = RM6k per machine per year. - Opensys have installed 3,200 CRMs and still increasing. - 3,200 CRMs x RM6k = RM19.2mil !! Opensys still under the radar of investors. When more start understanding their business and earnings potential, it will be >RM200mil mkt cap company (currently ~RM90mil mkt cap). 02/06/2019 1:49 PM Twltwl Cashless launched for public transport campaign again. More and more popular nowadays!!! 17/06/2019 10:35 PM k3nthiew https://www.thestar.com.my/business/business-news/2018/07/04/hong-leong-bank-allocated-rm115m-for-digital-expansion/ For those who attended the AGM 2 weeks ago 21/06/2019 4:07 PM skyea https://www.thestar.com.my/business/business-news/2019/07/02/hlb-allocates-capex-of-between-60-70pc-for-digitisation-in-fy20/ 02/07/2019 10:16 PM tapdance https://www.statista.com/chart/17667/support-of-cashless-payments-united-states/ 16/08/2019 9:50 AM  |
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