APPASIA (0119)

The Dual Beneficiary from E-Invoicing Malaysia & Byte Dance (Tik Tok)

E-Invoicing Malaysia

We have seen news of E-Invoice in Malaysia has been made mandatory in the next coming months.

The timeline of E-Invoice in the next coming months are stated below:

1 August 2024

Electronic invoicing becomes mandatory for taxpayers with an annual turnover of RM 100 million or more.

1 January 2025

Mandatory electronic invoicing for taxpayers reporting an annual turnover exceeding RM 25 million, up to RM 100 million.

1 July 2025

Mandatory electronic invoicing extends to all other taxpayers.

Many related e-invoicing stocks like IFCAMSC, ADB, YGL & PANDA has rallied to new heights in the past few months whereas APPASIA is still at the beginning stage of the rally.

How can APPASIA benefit from E-Invoice?

1. Appasia’s e-invoicing platform adhere’s to LHDN guidelines.

2. Appasia’s platform has IRBM approval, and they are positioned to be the preferred choice for Malaysia.

Source: https://www.appasia.com/einvoicing-solution/

3. Appasia has big clienteles such as Leading International Airline, Top-Tier Insurance Brokers & Banks in Malaysia.

Source: https://www.appasia.com/einvoicing-solution/

https://econfirm.my/for-auditor/

Byte Dance (Tik Tok)

How can Appasia Benefit from Byte Dance (Tik Tok)?

1. AppAsia & BytePlus Forge Strategic Partnership.

Source: https://www.appasia.com/appasia-byteplus-forge-strategic-partnership/

2. ByteDance to expand Malaysia data center footprint in $2.1bn AI deal.

Source: https://www.datacenterdynamics.com/en/news/tiktok-owner-bytedance-to-expand-malaysia-data-center-footprint-in-21bn-ai-deal/

Additional Information

Appasia has seen the emergence of a new substantial shareholder with the name of Mr. Tan Kang Heng who is also a director of another listed company in Bursa Malaysia (WELLCALL).