Is There Any Short Term Opportunity into This Newly Listed Lifestyle Ecommerce Company: Society Pass Inc (NASDAQ: SOPA)
Society Pass Inc is building an ecosystem of platforms and technology enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnership with visionary entrepreneurs, the company meet the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage.
Highlights:
- Society Pass Inc., a leading, Southeast Asian data-driven loyalty platform, today announced the filing of its first quarterly Form 10-Q with the Securities and Exchange Commission since completing its initial public offering on November 9, 2021.
- The filing is for the three-month period ended September 30, 2021, during which Society Pass launched Leflair, its lifestyle e-commerce platform that markets and sells products in three verticals including Fashion & Accessories, Beauty & Personal Care, and Home & Lifestyle.
- following the successful initial public offering (IPO) in November 2021, SOPA announced that the firm has been added to the Russell 2000 Index successfully.
- This is a remarkable milestone for Society Pass to achieve so quickly, SOPA announced the launch of the LeFlair Lifestyle E-Commerce in December, 2021
- Furthermore, these include boosting the platform marketing expenditure, launching the Society Points reward program, investing in more infrastructure like data centers, call centers, and warehouses, and funding e-commerce acquisitions in Southeast Asia (SEA) and South Asia
One Month Chart
Quick Look at Company’s numbers
Stock Recommendation: Looking at technical factors of the stock and frequent media coverage a rally can be expected in the stock.
MarketFacts gives a “Speculative Buy” rating on the stock at the closing Price of $3.85 as of December 14th, 2021.
| CMP (USD) (14th January 2021) | $3.85 |
| Target Price (CAD) | $5.40 |
| Recommendation | Speculative Buy |
