Ascendiant Capital Markets highlights the undervaluation of SOPA stock and its growth potential in the Southeast Asia e-commerce ecosystem.
The report raises SOPA's 12-month price target to $22.50, citing a significant upside from the current share price based on a NPV analysis.
NusaTrip's value is estimated at approximately $20 per share, representing a substantial undervaluation of SOPA shares by almost 1,769%.
Attractive Valuation
Ascendiant maintains a BUY rating for SOPA with a raised price target of $22.50, balancing high risks with growth prospects.
NusaTrip Undervaluation
NusaTrip's value of $20 per share signifies a significant undervaluation of SOPA shares, according to Ascendiant's analysis.
New Investment Focus
SOPA plans to invest in AI companies, expanding its portfolio to include AI-driven firms in various sectors globally.
IPO Catalysts
SOPA's upcoming IPOs for its digital advertising ecosystem and online travel platform are expected to enhance shareholder value.
Market Opportunities
Ascendiant sees significant growth opportunities for Society Pass in the fast-growing SEA market due to economic expansion and tech adoption.
- NusaTrip's successful IPO and trading halt indicate a positive market response, with potential for further share price increase once trading resumes.
- SOPA's strategic focus on AI investments and upcoming IPOs is aligned with market trends, positioning the company for future growth.
With Ascendiant's optimistic outlook on SOPA's undervaluation and growth prospects, investors may find an appealing opportunity to capitalize on the company's future performance in the SEA e-commerce market.