Opensys jumps 10.45% on firm 1Q results

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KUALA LUMPUR (May 27): Shares of Opensys (M) Bhd jumped 10.45% in early trades today after the company posted firm first quarter net profit on strong revenue.

At 9.25am, Opensys (fundamental: 1.50; valuation: 1.40) rose 10.45% or 3.5 sen to 37 with 5.61 million shares done.

Opensys is an MSC-status company that provides solutions to the financial services industry.

It pioneered the design and development of non-cash dispensing self-service kiosks called Efficient Service Machines (ESM) that accept deposits and payments

In a filing to the stock exchange yesterday, Opensys said ite 1QFY15 net profit rose to RM3.11 million from RM1.86 million a year earlier, on the back of revenue RM27.43 million compared with RM9.3 million a year earlier.

Earnings per share rose to 1.39 sen from 0.83 sen a year earlier.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)