Avoid those counter already fry too high and without any fundamental.
This month sector rotation theme play is the turn of education and education related counter such as eduspec , Minda , SMRT , Sasbadi , Pelikan. Just buy on main board Minda Global only 4 because price was bottom based on 10 years chart and it was the university cyberjaya holding company. School an d University Malaysia Reopen.
it's interesting to see how digital security is progressed into digital signing saas, online id check. all seem to be the fundamental to digital identity.
Securemetric recorded over 250mil shares traded on 7 July 2020. This represents circa. 44% of total outstanding shares in the company.
We believe there could be a potential change in shareholders as shareholding records show Feitian Technologies owning 8% of Securemetric.
Note that Securemetric recently raise RM5mil from its private placement round to further invest in Indonesia's 1st non-commercial e-KYC company PrivyID. Further, an MOU has recently been entered with Innov8tif to further enhance its e-KYC capabilities. We believe the private placement funding round was taken up by Feitian Technologies.
Riding on Feitian Technologies existing expertise and close relationship with Tencent, the room for growth will be very explosive.
We further note that Securemetric's CEO had recently disposed 25 million shares off market at RM0.20 per share (66% premium to current market price). We believe the buyer could be Feitian Technologies.
Fei Tian Technologies (SHE: 300386), a Shenzhen listed digital security company has hit limit up of 10% for 3 days in a row in China.
The shares hit limit up due to being the main vendor of key digital security vendor for China's e-hailing giant Didi Chuxing in digitalization of China Yuan.
Fei Tian Technologies has a 8% associate in Malaysia, Securemetric Berhad.
Securemetric Berhad recently entered into e-KYC contract with Indonesia's largest e-KYC company, PrivyID.
Note that Securemetric had recently completed its funding round of 7% of its total outstanding shares.
We believe that Fei Tian Technologies view Securemetric has a way to penetrate South East Asia region.
Some searches on linkedin found that " Innov8tif #EMASeKYC cracking a new and interesting use case - digital ID verification #eKYC for digital signing, to comply with Malaysia's Digital Signature Act 1997". Which means, SMETRIC's signing solution can replace the traditional method of agreement signing (RM12 for 2 trips of courier and RM10 for stamping!)
Shares in FeiTian Technologies, the largest listed digital cryptography security service provider listed in Shenzhen stock exchange, hit limit up for 3 consecutive days after China's PBOC approved the testing of digitalization of the Yuan. The major digital security service provider of Didi Chuxing, which owns 8% in Malaysia listed Securemetric Berhad, is poised to expand its presence in South East Asia.
Note that on 8 July 2020, Securemetric had abnormal surge in trading volume of almost 50% of its outstanding shares being traded in a single day. We believe that FeiTian Technologies could have accumulated shares in Securemetric Berhad in bid to expand its presence in South East Asia.
Just last week, 25mil shares in Securemetric exchanged hands at RM0.20 (close to 90% premium to its current share price).
This counter is not for newbie..looks like big shareholder always doing something that outsider dont know.
Price started to drop since before MCO, and until now dont know what is happening.
Signing Cloud is their key cloud product in future for digital signing solution. It have chances to make the company financial more stable since it is monthly subscription.
But as mentioned, even the company financial become good in future, the stock price wont reflect the value as usual, suddenly hike, suddenly drop to hell..too many little actions do behind we dont know.
Careful. This stock is as bad as some penny stock. They have launched a new product call signing cloud. But expected to have 2 more bad qr until they have over 20K users.
just mentioned only see the price is back to 0.125 ady. The show is 1 day show with 0,01 new high with a big volume.... Thats why alot ppl get trap in this stock on as they always enter this stock during big volume day.
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nich0las
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Posted by nich0las > 2020-07-07 12:50 | Report Abuse
SaaS system. Wow~ looking good. Shareholder 2019 own 80%. Super good.