To look at the price of AppAsia, is really a head turning revolt of an exercise . AppAsia, Don't be so shy.
Take a breath
Rest your head
Close your eyes
You're all right.
Rest your head
Close your eyes
You're all right.
The company is in the right business, got the right type of contracts, has MARA building an 8 per cent stake, had a Rakunten 60 odd sen valuation, that must be rated upwards.
Take AppAsia's recent Yellow Pages venture with Telekom Malaysia. In a nut shell, Telekom Malaysia is banking on AppAsia to take the business directory into the digital age, and to create a platform that will be able to bring online customers offline.
Telekom is not alone. According to ACCENTURE more than 56 per cent of Malaysian companies, don't list down digitalisation with growth.
This in a nation, where the digitalisation MEDIUM , looks ready to see online retail gross merchandise revenue (GMV) double to US$9 billion in 2025 from the current US$4 billion.
A nation that TOP the list on e wallet usage, as well as contributing RM270 billion a year to the GDP. This just goes to show, what type of growth prospects knocking on the doors of AppAsia.
AppAsia knows how to create vibrant platforms, streaming services, key ingredients required if you are a company that wishes to make its mark on the US$7 trillion platform ecosystem.
AppAsia needs to tell its story to the broader market, that in the nation that has the HIGHEST percentage of digital consumers in the Asean region, the company has no real Malaysian challenger. It's on cusp of an earnings revolution.
From handling, the USA Defense department, to managing Sinar Harian and China Press, AppAsia this year have started to partner some very serious names on corporate Malaysia.
Over the last couple of months, the company has partnered the Malaysia Institute of Accountants and Telekom Malaysis in deals at best can be said to be monopolistic.
To get the MIA Econfirmation venture, one must pass the stringent stress test by Bank Negara Malaysia, which is not a walk in the park. Only the best can go through.
With that, AppAsia should do better with NEW equally credible partners on the horizon. The partner list itself is a good indicator, on AppAsia's credibility and ability to woo the very best names.
If it is true that a man should be judge by the company he keeps. Then it won't be off the mark to say that at current levels, AppAsia is being valued at a
S O N G!!!