Bursa Master
APPASIA - LETS GO DIGITAL ! ! !
BURSAMASTER
Publish date: Thu, 17 Sep 2020, 07:23 PM
APPASIA BHD
POSSIBLE MOMEMTUM TRADING OPPORTUNITY
(APPASIA - Stock Code 0119, Technology, ACE MARKET)
APPASIA & APPASIA-WA.... interest seen to be reignited in this counter.
APPASIA was traded to a high of 0.75 whilst APPASIA-WA reached a high of 0.550 today.
APPASIA 52-week range : 0.08 - 0.91
INTERESTINGLY, APPASIA-WA is currently trading at a DISCOUNT of 6.5 cts to the mother share.
I believe arbitraging will sets in to close the gap soon.
APPASIA-WA :
Exercise Price : ONLY 0.130
Expiry Date : 23 Dec 2024
With the positive momentum in a red market, i would put it in my RADAR for possible entry.
Recent Developments & news :
1) eCONFIRM LAUNCH
*AppAsia officially launched its eConfirm.my platform on 26 June 2020. eConfirm.my is Malaysia’s first and only industry-wide electronic bank confirmation platform in collaboration with Malaysian Association of Accountants (MIA).*
Related link:
https://econfirm.my/
2) APPASIA PARTNERS WITH MIA
Related news :
AppAsia partners MIA to develop electronic bank confirmation platform | App Asia
http://www.appasia.com/appasia-partners-mia-to-develop-electronic-bank-confirmation-platform/
http://www.appasia.com/
3) PELABURAN MARA BHD ACQUIRING MORE STAKE
KUALA LUMPUR (Aug 7): AppAsia Bhd said Pelaburan MARA Bhd has emerged as a substantial shareholder of the company.
This was after the strategic investment and asset management arm of Majlis Amanah Rakyat (MARA) acquired 4.4 million shares in AppAsia off market today, the group said in a bourse filing
https://www.klsescreener.com/v2/news/view/711865
AppAsia Bhd - Game Changer e-Confirmation
Rakuten
We are positive on AppAsia Bhd’s (“APPASIA”) foray into being the sole service provider for electronic bank confirmation platform in collaboration with Malaysian Institute of Accountants (“MIA”). This is set to be game changer for them and expect to see significant contributions from FY21 onwards when it becomes the new normal for audit confirmation. BUY with a target price of RM0.68 premised on 25x PER FY21 as per Bursa Technology Index.
https://klse.i3investor.com/servlets/ptres/56110.jsp
ABOUT APPASIA :
AppAsia Bhd engages in the research and development and sale of information communication technology (ICT) security systems, and provision of related professional services. It operates through the following segments: ICT Security Business, E-Commerce Business, and Management Services. ICT Security Business segment provides the solutions, products, and services in the information technology security sector. It includes managed security services, security-enhanced enterprise solutions, and specialized training services. E-Commerce Business segment engages in the research, development, and operation of the e-commerce websites and mobile applications. Management Services segment is focused on investment holding and provision of management services. Firm’s majority revenue comes from Malaysia.
CONCLUSION:
Considering all the above, I believe that APPASIA is attractive for MOMENTUM TRADING due to reasons below:
-
eConfirm Launch
-
APPASIA PARTNERS WITH MIA
-
PELABURAN MARA BHD ACQUIRING MORE STAKE
LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEXT TRADING DAY WITH EXPECTED OF BULLISH MOMENTUM.
Disclaimer: The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.
BURSAMASTER
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Discussions
1 person likes this. Showing 4 of 4 comments
Really eye opening..... Audit bank confirmation is selling point for this company? Oh my god, pengsan....
Let do the math:
1) 400 audit firms = each has no of clients of 500
2) Estimated each client company has opened 1.5 bank accounts.
3) So, total bank confirmation needed = 300,000 PER YEAR!!!
What is estimated fee can charge for each confirmation? RM1? RM2? RM10?
2021-01-04 22:21
Traditionally, audit firms issue requisition for audit bank confirmation to bank for the client company via ordinary postal mail and bank will reply audit confirmation also through ordinary postal mail.
bank charges the bank account holders for issuing these confirmation are ranging RM50-RM100, depending complexity of the bank products the company has with
LOOK HERE, BANK CHARGE BANK ACCOUNT HOLDER AND ALL DONE VIA ORDINARY POSTAL MAILS
It is now AppAsia offers the alternative way in place of ORDINARY POSTAL WAY.
What do you think how much they can charge bank?
2021-01-04 22:28
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is it competing with Revenue? tq
2020-09-18 07:24