yes, next week, QR is only on previous operations, econfirm.my earnings will only come in on 2nd half of 2020.
Imagine the potential
According to NST
AppAsia is only the second company in the world which has a viable and commercially acceptable industry-wide electronic bank confirmation platform for auditors.
Its sole rival is Confirmation, the maker of online audit confirmation software operating in 170 countries, handling transactions in excess of US$2 trillion, which was acquired by Thomson Reuters in July 2019.
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.
AppAsia's clients are major banks such as Maybank, RHB Bank, OCBC Bank, Deutsche Bank and all the top audit firms in Malaysia such as Deloitte, Ernst & Young, KPMG and PwC.
Rakuten Trade's research team values the fintech company at 68 sen a share on the premise that AppAsia's 2021 pre-tax profit would jump by as much as 400 per cent to RM11.2 million from RM2.7 million.
competitor "confirmation" is actually engaging mainly international banks, so for a region like sea where everything is depending on local banks, econfirm is better
Hehe that project is larger than eConfirm... I can assure you guys. Will limit up like solutn. Prospect is super good . That's why Mara will increase the stake.
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....
Fishningen2
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Posted by Fishningen2 > 2020-08-18 10:07 | Report Abuse
I think maybe next week