Please remember, Appasia is the ONLY e-bank confirmation system available in Malaysia. They are in a 12 year contract with Malaysia Institute of Accounting. They are cash rich, with no loan.
AND THIS STOCK HAS NO RELATION TO COVID, RELAX AND WAIT. *mara still buying btw*
I initially don't wanna tell this because I wanna topup more, but since I topped up, meh just tell. This stock has been analysed by someone I know who is an actual expert *kudos to him for helping me*. His TP for this stock is RM 1.
Yes, this TP is only based on Malaysia. I have not told him to analyse based on those countries. But by any logic sense, if those country sign a deal with Appasia soon ,it will also go up. Well just remember, this is not a healthcare stock, just hold it.
Watch XInhwa 5267 and PTB 0038, looking good in this choppy market. Currently at support level. Hurry up!! Will close higher today !! Upstairs no seller anymore, Very LITE.. Dont miss it. Lets go...
"the company said its wholly-owned Extol Corp Sdn Bhd has partnered with the Malaysian Institute of Accountants (MIA), giving Extol 12 years of exclusive rights with MIA to manage and operate the online platform."
KUALA LUMPUR: AppAsia Bhd shares were shaken yesterday on reports that its new substantial shareholder Permodalan Mara Bhd (PMB) had sold some shares.
From the word go, the stock was in the red before closing 4.5 sen lower to 80 sen, while the warrants which had been literally on fire retreated six sen to 65 sen.
At the close of trading, PMB announced that it had IN ACTUAL FACT INCREASED, albeit marginally, its stake in AppAsia to 6.3 per cent or 23.29 million shares.
"The selling was over done. Now it's game on, as our intentions are to turn the company into a Bumiputra entity," said a source advising PMB, a state-owned investment arm.
More buying are expected as many are banking on AppAsia being the first local financial service fintech company to break into the global market.
Already it has the second largest global market share in the electronic bank confirmation platform for auditors in collaboration with the Malaysian Institute of Accountants.
The deal is estimated to push AppAsia's PROFIT by more than 20 times, enough legs to carry the company into the main board of Bursa Malaysia, within the next 36 months.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
edward96
137 posts
Posted by edward96 > 2020-08-12 11:33 | Report Abuse
This stock has no relation to covid. Just hold and chill guys, is just sentiment selling