Two good things will be coming to Panda.. 1. Improvement in profits which is going to be announced by end of the month. 2. E-Invoicing submission dateline by 1st August. Panda will have an upper hand in it. This will jolt the share price to around at least 60c before 1st August.
Rakuten put TP 50cents for Panda yesterday. very bullish sign. almost 70% profit of last year already achieved during the first quarter of 2024. very impressive indeed. Let's go!
E-Invoicing is already ongoing and will be mandatory to companies with RM100 mil turnovers starting 1st August. Profits will most likely double nx QR. Tuesday will once again test the 40c level.
Panda's turnover and profit will double ie increase by 100% nx Qtr. Share price will have gone to 60c by then. Tomorrow Panda will once again test its highest level .. ie 40c.
Beside of its high gross profit (around 35.4%), we don't really know how much will the e-invoicing system be affecting the revenue. (Could be like ADB, nobody knows)
Global Tech stocks looking good yesterday. PANDA Near TP 0.555, longterm TP 0.705. End of this month QR announcements will put highlights on PANDA again. This is just my own opinion, trade cautiously.
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YuHainTeck
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https://www.freemalaysiatoday.com/category/opinion/2024/05/18/malaysias-tech-scene-set-to-soar-with-surge-in-investments-by-tech-giants/