SEDANIA INNOVATOR BERHAD

KLSE (MYR): SEDANIA (0178)

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Last Price

0.14

Today's Change

0.00 (0.00%)

Day's Change

0.14 - 0.14

Trading Volume

177,700


2 people like this.

7,939 comment(s). Last comment by DK2866 1 week ago

lachai2004

589 posts

Posted by lachai2004 > 2017-06-15 15:36 | Report Abuse

Very obvious this counter had been tightly controlled by operator who was extremely experience even though; the market had already rebounded, Fintech purchased approved by Bursa & QoQ result had improved >100% but, the share price still about 20% away from the recent high of 0.37! The EGM to approve the Fintech purchased scheduled on 19 June 17 then only pushup the share price the next after the newspapers reported it? As for the investors please be patient & buy more at current price to grow with the company! We hope to catch an exponential growth company like myeg & many of the Technology counters in the ACE! Cheer!

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-15 23:29 | Report Abuse

Sedania is one of the best tech stock among all in ace market. Buy for no regret !! As I said, if drop below 0.30, my FD will be empty.

Posted by Dexter150185 > 2017-06-16 17:52 | Report Abuse

What's the best price to enter now ? Should I wait for it to drop to 0.3?

lachai2004

589 posts

Posted by lachai2004 > 2017-06-17 14:09 | Report Abuse

Market generally had consolidated downdards, if you are lucky enough & if the operator has no gut to push higher, then you may get it below 30 cts!!

Posted by Dexter150185 > 2017-06-19 13:05 | Report Abuse

Lol now discounted price.

capoon

63 posts

Posted by capoon > 2017-06-19 15:12 | Report Abuse

yeayeah..im back...after profit last time now lets collect back...

capoon

63 posts

Posted by capoon > 2017-06-19 15:15 | Report Abuse

tomyam..please gv ur motivational speech...

lachai2004

589 posts

Posted by lachai2004 > 2017-06-19 19:50 | Report Abuse

For your reading pleasure:
KUALA LUMPUR (June 19): Technology empowerment company Sedania Innovator Bhd expects income to start coming from recently acquired Islamic FinTech platform provider Sedania As-Salam Capital (SASC) as early as the second half of financial year ending Dec 31, 2017 (FY17).

At the extraordinary general meeting today, shareholders approved the SASC acquisition for RM12 million, whereby RM4 million will be by cash, and RM8 million via issuance of 25.8 million new shares at 31 sen each.

Under the acquisition, SASC would provide a minimum profit guarantee of RM1.5 million per year for FY17 and FY18, it added.

The company said the acquisition is expected to be completed within 3QFY17, and to contribute positively to Sedania in 2HFY17 onwards.

Since 2010, SASC has provided the As-Sidq system, a Tawarruq commodity trading system that utilises prepaid telecommunication airtime credit as the traded commodity based on Syariah principles, said Sedania in a statement today.

“The electronic and fully-automated As-Sidq system is currently utilised by 21 financial services companies in Malaysia, including financial institutions and cooperatives, to facilitate Islamic financing to customers,” said Sedania.

To date, As-Sidq has processed more than 300,000 personal financing transactions with total worth of more than RM25 billion, it said.

“This acquisition is exciting for SEDANIA Innovator, because we are now able to bring this proven and emerging FinTech platform to revolutionize the Islamic banking sector, not just in Malaysia but also beyond our shores,” said its managing director Datuk Azrin Mohd Noor.

“Being a part of a listed entity would boost confidence in As-Sidq amongst current and potential clientele, and open the door to offer beyond personal financing, into hire purchase, mortgage, credit card as well as deposits,” he said

“We are actively engaging with various financial institutions, and target to increase our customer base from 21 to 25 by year-end to further strengthen our position as Malaysia’s premier FinTech player in the Islamic banking sector,” he added.

According to the independent market research report, the personal financing market under the Islamic banking system in Malaysia was valued at RM28.8 billion in 2016, amounting to 41.7% of the total personal financing market, it said.

It said industry reports have also indicated Islamic banking’s growing popularity across other sectors, where the deposits segment was expected to reach RM2.2 trillion by 2020, mortgage and hire purchase valued at RM327.3 billion, and credit card at RM3.7 billion by the same time.

Datuk Azrin said that Sedania’s entry into the FinTech space formed one of the Group’s pillars in empowering users with cutting-edge technologies.

“With FinTech now in place, our growth will be propelled by this emerging technology alongside other existing components of AirTime Share, Internet of Things, Green Technologies and Big Data Analysis. SEDANIA Innovator has now entered our high-growth phase to sustain our performance going forward,” said Azrin.

Shares in Sedania closed half a sen lower or 1.56% at 31.5 sen, giving it a market capitalisation of RM62 million.

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-20 08:19 | Report Abuse

Confirm rise today. News out, price up!!

Fifty50

54 posts

Posted by Fifty50 > 2017-06-20 08:21 | Report Abuse

sell on News

capoon

63 posts

Posted by capoon > 2017-06-20 08:59 | Report Abuse

pray harder tomyam! im in the boat oledi..

Ismylife73

699 posts

Posted by Ismylife73 > 2017-06-20 09:35 | Report Abuse

Acummulation time.

Newbie01

69 posts

Posted by Newbie01 > 2017-06-20 12:00 | Report Abuse

Yaya. ..collect kuat kuat now. ...

Ismylife73

699 posts

Posted by Ismylife73 > 2017-06-20 12:23 | Report Abuse

As long its near to support, this is the safest area of buying.

Ismylife73

699 posts

Posted by Ismylife73 > 2017-06-20 12:24 | Report Abuse

Althought most good news already pop up but the market remain consolidation. Maybe we need to wait till next quarter for meletup?

capoon

63 posts

Posted by capoon > 2017-06-20 12:35 | Report Abuse

kanina...good qr no vol..good news also no vol...runnnnnn

Ismylife73

699 posts

Posted by Ismylife73 > 2017-06-20 13:05 | Report Abuse

@capoon no volume. Not sure is because the people havent spot this stock or what. This stock have a bright future with the IOT, BDA, and Fintech. Mayb need more marketing to the stock?

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-20 15:11 | Report Abuse

Just be patient. Hold for 6mths i don't think operators will just leave it at 0.31. confirm they want push up further to sell at good price. Now u sell then u are dumb.

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-20 15:18 | Report Abuse

I am still waiting if could collect below 0.30 .. if operators dare to push down, i dare to buy more !!

mahorse

381 posts

Posted by mahorse > 2017-06-20 15:21 | Report Abuse

Rather strange, after EGM no volume.

Newbie01

69 posts

Posted by Newbie01 > 2017-06-20 17:08 | Report Abuse

Investor still holding...only small potatoes sell at lower price today.

bigbigboss

441 posts

Posted by bigbigboss > 2017-06-20 23:08 | Report Abuse

still have many good stock . why need to waiting for 6month ? you waste time only

capoon

63 posts

Posted by capoon > 2017-06-20 23:56 | Report Abuse

bigbos..they all warren buffet wannabe i think...hold and hold and hold..

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-21 09:33 | Report Abuse

Moving!! Ini kalilah!!!

lachai2004

589 posts

Posted by lachai2004 > 2017-06-21 09:54 | Report Abuse

Not to be disturb by the daily movements○♡○

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-21 10:58 | Report Abuse

Heng ong huat ahhh!!

Posted by Cornerstone > 2017-06-21 10:58 | Report Abuse

up one sen only wor.... haha

dealdone

196 posts

Posted by dealdone > 2017-06-21 11:25 | Report Abuse

no more new high... :( sold

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-21 12:30 | Report Abuse

patient is the key !

dealdone

196 posts

Posted by dealdone > 2017-06-21 15:07 | Report Abuse

buy back 0.305

faithhope

40 posts

Posted by faithhope > 2017-06-21 15:28 | Report Abuse

waiting...today is the day?

Newbie01

69 posts

Posted by Newbie01 > 2017-06-21 16:24 | Report Abuse

Someone. .sell is 400k+ lots. ....at 0.305

faithhope

40 posts

Posted by faithhope > 2017-06-21 16:26 | Report Abuse

up 1 cents this morning to trap ppl,is that operator dump 500k lots to press down the price?

ohm1

7 posts

Posted by ohm1 > 2017-06-21 16:47 | Report Abuse

but fintech good right? 1.5 million profit guarantee this year and next?

TomyamGong

4,156 posts

Posted by TomyamGong > 2017-06-21 17:37 | Report Abuse

Pattern as usual. Operators push a bit then pull down, to make an ugly chart first, later on open with gap up makes u unable to chase. Sell to me if u don't want any profit.

Ismylife73

699 posts

Posted by Ismylife73 > 2017-06-22 00:24 | Report Abuse

"acquisition..... RM8 million via issuance of 25.8 million new shares at 31 sen each. "

Will this affect the current share price? I mean they may throw out the new share to public to exchange with cash...

lachai2004

589 posts

Posted by lachai2004 > 2017-06-22 08:15 | Report Abuse

Please refer to the Bursa announcement on 25 May 17

Deegodee

12 posts

Posted by Deegodee > 2017-06-22 16:52 | Report Abuse

Zzzzzzzzzz

mahorse

381 posts

Posted by mahorse > 2017-06-29 09:38 | Report Abuse

Seems like activity geared towards EGM approval. After that, no volume.

ccssam

155 posts

Posted by ccssam > 2017-06-29 11:45 | Report Abuse

ya right

Posted by shortinvestor77 > 2017-06-29 12:23 | Report Abuse

Up 0.05! Bit by bit lah! Fintech is the future!

Posted by Vivoforever > 2017-06-29 12:32 | Report Abuse

Wat is fintech? Ada data thing?

Posted by Vivoforever > 2017-06-29 15:14 | Report Abuse

But maybank already had fintech...or maybank patner with sedania? If they can develip their own no ned for sedania ady..

faithhope

40 posts

Posted by faithhope > 2017-07-03 10:18 | Report Abuse

today down or up?

Posted by shortinvestor77 > 2017-07-03 17:19 | Report Abuse

Sedania has Syariah-compliant FinTech. CIMB, Maybank,.. have no syariah-compliant FinTech at present. Even themself are not syariah-compliant stocks.

Posted by Vivoforever > 2017-07-03 18:35 | Report Abuse

I see. Thanks shortinvestor77 for the info. Thats a very good news.

mahorse

381 posts

Posted by mahorse > 2017-07-04 09:42 | Report Abuse

Is this the collection phase ?

faithhope

40 posts

Posted by faithhope > 2017-07-04 16:36 | Report Abuse

any strategy for sedania?maintain at 0.305 few weeks ady

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