Dear Fellow readers,

         E-commerce become a hot topic in town again when Malaysia Government gonna collaborate with Alibaba to make Malaysia become regional hub for import/export. That is the reason why Malaysia plan to setup a Digital Free Trade Zone. Wondering you guys still remember those olden days when Groupon, mydeal, dealmates, milkadeal those group purchase with discounted price. It like a growing mushroom and many can't survive either close down or being take over. Only those are the strong and capture the bigger market shares survive.

So, today i will be talking about APPASIA. Let me tell you the story started since May 2016.

That is the time when it come under the limelight of the investors as well as trader. 

KUALA LUMPUR (May 27): Mobile app and IT security service provider AppAsia Bhd has inked a memorandum of understanding (MoU) with a China-based company and Datuk Mohd Nazifuddin Najib, son of Prime Minister Datuk Seri Najib Razak, to develop a big data opportunity in the Asean and Australasia region.

In a filing with Bursa Malaysia today, AppAsia said the MoU is for the development and promotion of AppAsia's Business to Business to Customer (B2B2C) e-aggregator platform for countries in the region and elsewhere.

The MoU is valid for six months from the date of signing and may be further modified or extended subject to mutual written agreement between AppAsia, Mohd Nazifuddin and Shanghai Rongxin Software Co Ltd, a private limited company incorporated in China.

Subject to a satisfactory due diligence conducted by AppAsia and Mohd Nazifuddin on Rongxin and all its business activities, a joint venture (JV) company between AppAsia, Rongxin and Mohd Nazifuddin will be set up in Malaysia, with AppAsia holding 60% of the shares, Rongxin 10% and Mohd Nazifuddin 30%.

Above information can be obtain from http://www.theedgemarkets.com/article/appasia-big-data-venture-pms-son-nazifuddin-and-china-firm

Early of the this year, 13 Mar 2017, : AppAsia Bhd

image: https://cdn.thestar.com.my/Themes/img/chart.png

 aims to consolidate and list its online shopping business on the Australian Securities Exchange (ASX) under AppAsia Ltd (AL) by the third quarter of this year.

In a filing with Bursa Malaysia on Monday, the e-commerce and IT security solutions provider said the proposed public issue would raise up to A$6mil(RM20.2mil) based on the issue price of 20 cents per AL share.
Read more at https://www.thestar.com.my/business/business-news/2017/03/13/appasia-to-list-online-shopping-business-on-asx/#UvLVusPGD6kMgwbu.99

The business development story seem to be more interesting when they plan to list its online shopping business at ASX.

Then, Mobile applications, digital contents and e-commerce solution provider AppAsia Bhd

image: https://cdn.thestar.com.my/Themes/img/chart.png

 has signed a memorandum of understanding with China Mobile International Ltd, a subsidiary of Hong Kong and New York-listed China Mobile Ltd to establish a digital content business partnership for three years.
Read more at https://www.thestar.com.my/business/business-news/2017/06/02/appasia-signs-mou-with-china-mobile/#D2xY4mG6811zmrjb.99

AppAsia Bhd has inked a three-year master licence agreement with China Mobile International Ltd (CMIL), under which its unit AppAsia Studio Sdn Bhd will be the content provider to the Chinese global telecommunication solutions company.

The deal comes after AppAsia Studio entered a Memorandum of Understanding (MoU) in June with CMIL, which is a subsidiary of Hong Kong and New York-listed China Mobile Ltd, to establish a digital content business partnership.

"The master licence agreement shall be valid for the period of 36 months from the date of the effective date, Nov 21, (initial term) and may be extended automatically for further periods thereafter unless terminated in accordance with the provisions pursuant to the terms of the agreement," said AppAsia.

When it first announced the MoU in June, AppAsia said the business model between the parties would include but not be limited to revenue sharing, one-off purchase or mixed model, "subject to CMIL and content/internet protocol owner commercial decision by project and region on a case-by-case basis".

Source obtain from http://www.theedgemarkets.com/article/appasia-seals-master-licence-deal-china-mobile-unit

So, what is interesting when Appasia launch BorneoShopping.

(11 Nov 2017, Kota Kinabalu) AppAsia Berhad, one of the top Bursa listed companies in ICT sector, launched the first of its kind eMarketplace for Borneo region on 11th November 2017 – BorneoShopping.com . The launch of this special e-commerce platform marked the new era for the economy and shopping experience in Sabah and Borneo as a whole.

BorneoShopping.com is more than just an ordinary online shopping website. It will turn the whole Borneo area into an ultimate 24hr online department store. It’s possibilities are limitless. Such convenience not only will benefit the online buyers, it will also encourage the growth of business in Borneo.

This ceremony for BorneoShopping.com was launched by Tan Sri Datuk Seri Pangilan Joseph Pairin Kitingan (Deputy Chief Minister of Sabah) together with Dato’ Mohd Nazifuddin Bin Dato Sri Mohd Najib (AppAsia Group Advisor), Datuk Dr Janathan Kandok (Chairman of BorneoShopping.com), and Calvert Wong (Executive Director of AppAsia Berhad).

For both AppAsia and BorneoShopping.com, the ultimate goal is to establish the first e-Marketplace for Borneo through O2O (online to offline) distribution network.

Today marks another significant milestone for Sabah as BorneoShopping.com launches its livery to the kinfolks of Sabah, aiming to serve as an e-marketplace for Borneo traders and buyers alike. It is also the first e-marketplace to sell motor vehicles online in the region.

BorneoShopping.com aims to target the 5 million population market in Borneo, namely Sabah, Sarawak, Brunei, Kalimantan and Southern Philippines to promote their local products and services.

BorneoShopping.com will eventually be integrated with the Digital Free Trade Zone to promote Borneo’s fortes to the world, especially to the Chinese market. Tourism packages to Malaysia, China, Korea and Australia will be crafted and promoted via BorneoShopping.

Tan Sri Datuk Seri Panglima Joseph Pairin Kitingan said that Sabah has the potential for business opportunities and commends AppAsia’s efforts in creating a platform for the locals. AppAsia is the country’s top publicly traded company, excelling in mobile applications, digital content and e-commerce solutions.

“We need one e-Commerce platform that can address our local needs. I am happy that AppAsia has made a bold effort to design one for Sabah and Borneo as a whole. I believe BorneoShopping.com will be the ultimate online shopping paradise for Sabah and Borneo,” says Tan Sri Pairin.

Malaysia is on the right path to becoming an online trading hub in the region. With the birth of BorneoShopping.com, this will serve has the main operational hub in the Borneo region.

Source obtain from http://www.appasia.com/appasia-launched-ultimate-emarketplace-borneo-borneoshopping-com/

All this showing there is road map for APPASIA to grow big in the future.

Below announcement dated 6 Dec 2017 showing they are bringing new investors into APPASIA. So, fresh fund injection is a good news for APPASIA.

Advance Synergy Bhd (ASB) is considering selling an 80% stake in its indirect wholly-owned unit Synergy Cards Sdn Bhd to AppAsia Bhd.

Synergy Cards is involved in the provision of payment card and acquiring services.

In a filing with Bursa Malaysia today, ASB said the group has signed a Memorandum of Understanding with AppAsia for the purpose of recording their intention to enter into a share sale agreement.

In a separate filing, AppAsia said the MoU enables it to negotiate and finalise the terms of the proposed acquisition of Synergy Cards.

Both ASB and AppAsia expect to sign the share sale agreement by Feb 28, 2018 or a period mutually agreed by them.

Source obtain from http://www.theedgemarkets.com/article/advance-synergy-mulls-selling-80-stake-payment-card-unit-appasia

With all this ongoing, i believe APPASIA is gonna make some fantastic move by the year 2018.

Above is my technical view.

Short Term  Resistance : 0.405 

Mid Term Resistance : 0.455 

Long Term Resistance : 0.605 ; 0.655

Disclaimer : Trade at your risk, do consult your remisier/dealer before making any investment decision. Above is merely personal sharing for educational purpose.

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