OpenSys (M) Bhd (+ve)

OpenSys (M) Bhd (fundamental: 2.1/3, valuation: 2.1/3) made it into our Stocks with Momentum list yesterday for the third time in the past 52 weeks.

The stock closed one sen or 2.27% lower at 43 sen after some 11.71 million shares were traded, slightly exceeding its 200-day average trading volume of 10.38

million shares.

Last month, its unit OpenSys Technologies Sdn Bhd launched buySolar, a one-stop online marketplace that enables both residential customers and commercial business consumers to purchase solar panels.

For its fourth quarter ended Dec 31, 2019, OpenSys posted a 29% jump in its net profit to RM5.08 million, from RM3.93 million a year earlier, while revenue fell 13% to RM40.16 million from RM45.9 million.