OpenSys BO Pattern Analysis

25 дек. 2020 г.

OpenSys BO Pattern Analysis

Last RD on 9/12, resulting on surmountable selling pressure (Mr. Brahmal disposed 13M shares in open market)

Chart pattern analysis
Current Price: 53.5C
Down-side: 14% (@ 50.5C
Up-side (Pattern): 47% (@ 74C)
Up-side (52W High BO): 73% (@ 87.5C)

FA-wise last 3 qtr's posted increment of profit-revenue from 9%-41% showing that it is recovering from Covid-19 downfall.
Business is always flowing in for OpenSys and due to that they gave out bonus issue for it shareholding on Oct 20 of 2 to 1.

Based on recent news, OpenSys's buySolar gaining traction with big players of RE sector.
If all indicators point north, potential other big players would join in as well but it all depends on Opensys itself to promote their platform.
However, I could not deny that one of their directors trimmed out their shareholdings means something had just happened.
Broken down deals, director taking profits to gear up for another buy up, who knows?.
Nevertheless, chart pattern is obvious and if the trend follows, it will give potential more than 50% upside.
Quite enticing, I know. I'm not giving any buy-calls to my fellow traders but try to dissect this on your own capability.
Anyway, cheers!

Last 3 quarter

Revenue P/L Quarter Q Date Financial Year Announced Net%
23,890k 3,068k 3 2020-09-30 31 Dec, 2020 2020-11-23 41.3%
20,058k 2,574k 2 2020-06-30 31 Dec, 2020 2020-08-24 11%
17,229k 1,666k 1 2020-03-31 31 Dec, 2020 2020-05-18 9%

Data Summary
ROE: 18.47
P/E: 19
EPS: 2.77
DPS: 0.92
NTA 0.1500
Market Cap: 239.1M

Recent News
(09 Dec, 2020)
Samaiden leverages buySolar platform to spur RE market
>Signed a collaborative agreement with Samaiden Group Berhad

(03 Nov, 2020)
OpenSys (M) Bhd aims to register 10 service providers, banking and insurance partners
>Target Dec 2020

(02 Nov, 2020)
OpenSys’ buySolar platform gains traction among industry players
>Signed a collaborative agreement with Solarvest Energy Sdn Bhd