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CENSOF GET HEADSTART ON EINVOICE FROM OTHER LISTED PEERS

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Publish date: Wed, 28 Aug 2024, 12:27 PM
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Malaysia had given an extension of 6 month for the 1st phase of e-invoice implementation to all the business that fall in the category of annual revenue turnover which is more than RM 100 million.

While the extension seems to be a dampener for the e-invoice share market hype, I believe that the fundamental of the e-invoice company will not change and such a drop in share price could be a good opportunity to invest in.

There are many companies involve in e-invoice, however the golden lining lies on the accreditation of the service provider by the government. As of current, there are still many companies pending on test and trial with the e-invoice system, however, there are a list of companies which are accredited for e-invoice.
CENSOF is worth a good mention as it is one the listed company in KLSE that had been accredited for the e-invoice system earlier than other of its listed peers (ADB, 
IFCAMSC, PANDA, YGL) which are still pending on test and trial.

To recap, Censof already have e-invoicing solution and service running in Singapore and some other SEA countries. 


According to the MDEC update on accredited e-invoicing firm, Censof and it's related subsidiary is accredited.

Technically looking, Censof is now trading at the mid term support line


I am invested in CENSOF for the exposure of e-invoice for the long run and I believe CENSOF can benefit from the MyDigital effort further in the future.

IMPORTANT NOTICE
Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.


Blog https://targetinvest88.blogspot.com

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2024-08-28

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CENSOF GET HEADSTART ON EINVOICE FROM OTHER LISTED PEERS

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