CAN AppAsia shares go up? Possibly and maybe when one considers READ : Appasia's pre tax profit in the first quarter jumped by 170 per cent and the company has plans to venture overseas.
BUT if the shares go up, can they stay there? I doubt it, because the single major weakness of AppAsia is not in its business model but in it's investor relations.
CONSIDER this, AppAsia has been buying up its own shares, to be exact more than 5 per cent of the company's capital spread, but it doesn't tell the investment community why.
WORST still, AppAsia has the potential to be a shining star , which can attract Environmental, Social and Governance funds into the company, by virtue of the company READ: Having a monopoly of the e confirmation business.
BASICALLY, by digitisation of the confirmation business, AppAsia is actually saving a lot of trees from being cut down.
DOES the executive director such Calvert Wong know off hand what is the ESG score for AppAsia? I DOUBT IT.
DOES the market know what is the ESG score of AppAsia? Definitely NOT.
