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Only if the contribution is reflected in upcoming financial performance :) Else, it remain as just prospect from partnership and that's something that is not aligned to my own expectation.
haha nick, jiejie think this stock has too much potential. 1st time after covid since 2020 see this type of bullish momentum cumback. very pleasing to the eyes xPPP
All is well, meo. My decision to start buying Smetric back in end of 2021 was not based on technical analysis :) It was based on fundamental reasons. So, I am looking forward to Q3 results to conclude whether it was a worthwhile wait or just decent gains.
Indeed, meo. I am aware of the number of users and daily transactions of Singpass. However, Smetric will need to show it in its earnings. Else, its just a prospect that I dont buy in :) Yes, PKI and Centagate continued to show signs of growth. This can be put to test in upcoming quarter report too :) Without Singpass, a test for PKI and Centagate growth would be - it has to generate similar performance compared to Q2'23 to give assurance that the growth seen so far is indeed coming from enterprise clients.
probably not on facial recognition. fingerprints reader / digital ID terminals devices available though. I would say probably nothing to minimal impact on Smetric.
I will still look at the upcoming Q3 first before deciding to keep it for years, Nick, Meo. Smetric has to deliver a bit more in its performance :) There is no concern for the digital identity progress in Singapore as you have seen at Changi airport :) if you are following the 12MP mid term review, Malaysia's digital identity project will be launched in 2025 :)
“On top of that, a central database with administrative data also opens up opportunities for GovTech, Digital ID, and product-building as we build forward momentum from this method of sequencing,” he said.
On personal data protection and security, Rafizi told reporters that the government is actively exploring measures to strengthen protection for Padu.
He said Padu includes a comprehensive review of personal data security, with active involvement from the Personal Data Protection Commissioner’s office.
Additionally, the government is in the process of formulating robust cybersecurity regulations and enhanced personal data protection standards to encourage investments in the digital sector.
“Because it’s not just about Padu when it comes to data security and ... if we want to attract investments in the digital field, we need a new legal reform and standards for cybersecurity and personal data.
“So, everything revolves around operating within regulations and rules for data protection. Padu is a massive database, it serves as a catalyst for further efforts to enhance the framework, regulations, and standards regarding data protection and cybersecurity, and that will come in due time,” he added.
Congrats to all long term shareholders. Used to be the most hated stock :) The contractual commitment growth observed in previous quarters seems to be driven by PKI based on the latest report. The upcoming quarters performance will be interesting to watch out for as presence of enterprise clients in PKI and Centagate means recurring revenue. Manage your own positions well until then.
Lol, Nick. Well, the latest QR helps to set the stage; at least for me. There is no reason to fall back into losses with the growth seen on PKI and Centagate; recurring revenue if you will. Easy decision if it falls short of the expectation.
yup so far PKI been contributing quite a lot, what I hope is they spend sometime upgrading centagate , a bit outdated tech that it has trouble to maintain the 1m mark revenue on it , if it stays consistently above 1m surely be good
Bad boy QR, 太子. Jokes aside. I think the boss or the board have a lot to answer in the next AGM as there are no details included in the explanation :) Would have been a record high revenue/net profit from the operations without the abnormal high administrative expenses. SGA is usually high for Smetric but this report showing abnormally high. And it seems that there are impairment losses of 4M on other investments and another 1.7M on investment in an associate; these should be the ones causing abnormally high administrative expenses. Judging from the value of these impairments, it seems to be related to the 5% equity holding in ACE Digital Revolution Group (the 4M) and Innov8tif Solutions (the 1.7M). That's the reason for calling it a bad boy QR.
bad boy QR :) The timing of these impairments at the back of highest revenue & profit from operation is questionable since no details provided; fair value of these investment dropped that much compared to its book value within such a short period of time <2 years.
Same Thoughts, Cheng.
When choosing to step in smetric at below 0.1 due to its net cash company, it seems like the latest qr caused some fishy smell in the company's fundamentals, so I decided to let go 1st at 145/150.
FA in, FA out, no regret with decent gain.
in view of the latest market situation, opportunity is always around.
I dont like how the two investments being managed resulted in fair value of it dropping so much in less than 2 years, 太子. I think its too much for a small company to be hit with such a big amount. I will keep it as trading stocks and trading it offline :)
