KUALA LUMPUR: A new accounting automation software called Financio is here to help startups, micro and small businesses to manage their accounts.
Developed by Asian Business Software Solutions Sdn Bhd (ABSS), a subsidiary of Censof Holdings Bhd, the software is a user-friendly, cloud-based, with no accounting knowledge needed to operate.
“Many startups and small businesses cannot afford or see the need for an accountant in the early stages.
“This is a risk as they can lose track of their financials and performance because they are flying blind and cannot be in control of a business if they don’t know what is going on,” said ABSS chief executive officer Paul Conway at the launching of Financio here today.
Conway said the Malaysian-developed software is able to generate reports and tax reports among others, with users only needing to key-in the sales and purchase figures.
He said ABSS will introduce Financio in Singapore by June, followed by Hong Kong, the Philippines and Indonesia in September.
ABSS chief technology officer (Cloud) Jye Eng said Financio also allow businesses to connect with one another, just like adding friends on social media.
“We realised the younger generation is becoming the main driver of the country’s economy, they tend to be more IT savvy, willing to try new things, and want to have a clearer picture of their business’ finance and access data anywhere they go,” said Eng.
Users can try Financio for free or purchase the premium version which features a full function of the software including the Malaysian GST support and bigger file storage with a low entry cost of RM32.95 per month of RM329.50 for a year.
43.025million warrants listed on 27/7/2012. 13.529 million converted. Balance with 29.495 million warrants. First, it is easy to goreng. Second, the main shareholders may have enough warrants to goreng the last round before expiry in 7/2017. So very risky but may generate very good return.
Pineapple123, yes I agree that Censof-WA has been goreng on 27/2-2/3 ( 3 days) with price ranging from RM0.035 - RM0.145 coupled with high vol of 65.7 millions, 18.8 million and 21.47 millions respectively. With the balance of less than 30 million warrants, ONLY IF the dealer still have enough warrants to goreng for the last round. BUT the price may only ranges from RM0.09 - RM0.14 or the most RM0.15 if Warrant D is also moving up further. Higher risk higher return.
Can some one enlighten me on Censof first quater 2016 ending 30/6/2017? The gross profit was RM93 million and the net profit was only RM35Million? I want to know becuase the 4th quarter result is going to announce by 30/5/2017. It will affect the share price.
Closing at RM0.325 indicating that it is accumulating mode. BTW, I have understood already that Censof will not benefit from the Dnex's huge profit as long as Dnex is not declaring any dividend. That is why the huge difference in Gross and Net profit. Censof can only benefit by selling Dnex's shares ( 17.94%= 310.7 million shares).
The future of Censof is very bright. The future prospect of Dnex for the next 5 years is good. This indicates that the price of Dnex's share will increase in time to come. At current price Dnex's 310.7 miilion @ RM0.4 is worth RM124.3 million = RM0.248 per Censof's share. Censof's current price of RM0.325 is under value. Any comment on my analysis?
klsefighter, 1) Censof has come out from a very difficult period when Censof was the major shareholder of Dnex helping Dnex to go through the transformation to become the major software service provider for Malaysian government and O&G 2) Still holding 17.94% Dnex shares, @ RM0.4, it is worth RM124.3 million and expect to worth much more. So it is the time rip the harvest. 3) Censof has it's own strength in collaboration with international software company.and one of the major software provider for malaysian government and banking industry. 4) As Malaysian government is pumping billion of ringgit into the share market to prop up the share market for the coming election, as bumiputra and government linked, Censof and Dnex will benefit from it. Please do your own research to make your own decision. This is my 2 cents comment.
I hope it can last for 2-3 days minimum. The resistance of RM0.34-0.35 has been broken and it is now up to the operator to decide where is the limit. With over 21 million transaction vol done, it is quite safe to say that the transaction vol can achieve >40 million today. Good luck. We make money together
Based on the historical records, most investors got stuck with Censof above RM0.45- RM0.5. The share price will be difficult to push once it has achieved RM0.45-RM0.5.
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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....
KingDavid
2,666 posts
Posted by KingDavid > 2017-03-30 12:16 | Report Abuse
pineapple123, where did you get the news of Censof launching new financial software?