yeah.. yesterday was a long wick with support at MA200 (35cts). It's still closed within the uptrend channel with hammer candle.. so still ok to collect imo.
Wow wow wow. Highest 1st quarter profit EVER. The closest was in 2015 but the gross profit was lower by 2m. Usually 1st quarter is the lowest due to seasonal factors. So the next few quarters will be record breaking?
Opensys share price has come down from its past 3 years high. Is the market thinking that that the company no longer has business prospects?
Opensys is an IT solutions provider that derive the bulk of its revenue serving banks with its cash and cheque processing equipment. With the growth digital banking, would might think that it is in sunset sector. But while growth may be challenging, cash and cheques processing will not disappear overnight.
The analogy is like thinking that retail outlets will not longer be relevant given the advent of digital commerce. But as the mall and shopping centres are still with us.
So any expectation that Opensys will go the way of the media sector in the next year or so is probably overblown.
The company is still one of the better performers in the software and IT services sector. And there is also a good margin of safety. I would have thought that this is a goldmine for the value investor.
Opensys share price has come down from its past 3 years high. Is the market thinking that that the company no longer has business prospects?
Opensys is an IT solutions provider that derive the bulk of its revenue serving banks with its cash and cheque processing equipment. With the growth digital banking, would might think that it is in sunset sector. But while growth may be challenging, cash and cheques processing will not disappear overnight.
The analogy is like thinking that retail outlets will not longer be relevant given the advent of digital commerce. But as the mall and shopping centres are still with us.
So any expectation that Opensys will go the way of the media sector in the next year or so is probably overblown.
The company is still one of the better performers in the software and IT services sector. And there is also a good margin of safety. I would have thought that this is a goldmine for the value investor.
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