Roger3210. Mind to share more insight on your view why eforce wont benefit much from high daily volume? Is it based on their report? or you have more insight on their charging model or business operations? or they have explained how it works in the past AGM etc?
I assume you must have some basis for your view.

I am interested to know more as I am struggle to find this info online.
Thanks.

Thanks Khai Zam.

Based on the last 3 quarter reports, the contribution of ASP (income from outsourcing service charge which is volume & transaction based) is as below:
Q1-20: 68%
Q4-19: 70%
Q3-19: 66%

while the other 2 sources of income are:
a) application sales
b) Maintenance services

Considering the high contribution % of ASP to the total revenue of EFORCE, logically the revenue of EFORCE shall significantly improved in Q2 and Q3 2020 along with the continuously high transaction in KLSE.

IMHO, EFORCE shall benefits more than N2N from the high volume of KLSE in last 5 months as >50% of N2N revenue is contributed from Hong Kong rather than KLSE.

To me, the only unknown are:
1) who exactly are the customers of EFORCE in KLSE?
2) how exactly is the transaction/colume based ASP working? If the transaction increase 100%, will the revenue of EFORCE also increase 100%? or lower/higher?

By the way, any recommendation to the website where we could see the line chart that showing the daily volume of KLSE?

cheers

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