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their only strong point is the revpay. the other things they want to do, like ewallet , emall, chat bot, is really lousy. you can go try out their app, is like made by student.
Revenue is short term play now. Shouldn’t hold beyond once mainboard transfer is done.
Their app looks amateur despite the so-called digital eco-system in the making. Last update was 2 months ago and there isn’t much update since, and looks like lot of work need to be done and they need to work harder on its app development just to be on par with the big boys, and operations will be another challenge.
There is a lot of new kids on the block with those e-com platform, even traditional retail is also doing their own website to get into online. So the competition just get more intense.
It is not easy to maintain a wallet and also ecom platform, needs to burn a lot money just to compete with the established players. No discount, no rebates, no benefits then they will not follow. So FY22 the financials should be affected by those money burning cost and will eat into its profit.
just buy and hold as a shareholder , at least we can see revenue have more complete system compare to others , so just wait revenue to grow stronger , give them some time
