Stock pick sharing: Peak Fintech Group
Company Name: Peak Fintech Group Inc.
Stock ticker: PKK (CSE) / PKKFF (OTC) *** Plans to change ticker to TNT after NASDAQ uplisting
Sector: Technology
Industry: Information Technology Services
General Business:
- Parent company headquartered in Canada, has a group of subsidiaries operating in China's commercial lending industry.
- SME's in China contribute a large to the GDP, and yet also face difficulties in getting loans to facilitate their business operations.
- Peak Fintech Group uses tech, analytics and AI to create an ecosystem of lenders, borrowers and other market participants in China's commercial lending space.
Current milestones (some major ones):
- Has deals with subsidiaries of large Chinese conglomerates and online marketplaces to provide their Cubeler Lending Hub services
- Implementation of digital currency (China is pushing strongly on this front)
- Agreement with China UnionPay subsidiary to implement payment processing and fund transfer services (could be equivalent to Paypal partnering with Amazon in the U.S.)
- Fund transfers from China to Canada already tested and successful
- Partnership with China's top e-commerce software provider, ShopEx - provides access to shops operating on 28 online marketplaces and social media platforms
- Has applied for NASDAQ uplisting which would likely happen soon (estimating within 1 month from post if no further delays)
- Revenue for FY20 has beat guidance (Estimated 40mil but achieved 42.7mil).
- Hired MZ Group to lead strategic investor relations and shareholder communication program (increase awareness and interest of this company leading up to the uplisting)
Potential in future:
- Fintech is one of the hottest sectors in the market, stock price could follow the demand on NASDAQ.
- Investors who missed on Ant IPO will want to find an alternative to invest in fintech. The company has already been approached by a Chinese fintech firm for possible merger.
- Estimated 2021 revenues will likely more than double from 2020 (stated by management), and 2021 will be the first year of profitability.
- Plans to expand into technology hub cities like Guangzhou, into Canada by end 2021, and into U.S. shortly after.
- Plans to commercialize the accumulated data (new and significant stream of revenue for the company - data is extremely valuable!)
- Huge demand of public offering which led to being oversubscribed.
- 3 -year revenue guidance would likely be coming shortly from date of this post.
DISCLAIMER: I am not a financial advisor and this is just my personal sharing. The content is not exhaustive so please do your own research.
Stock ticker: PKK (CSE) / PKKFF (OTC) *** Plans to change ticker to TNT after NASDAQ uplisting
Sector: Technology
Industry: Information Technology Services
General Business:
- Parent company headquartered in Canada, has a group of subsidiaries operating in China's commercial lending industry.
- SME's in China contribute a large to the GDP, and yet also face difficulties in getting loans to facilitate their business operations.
- Peak Fintech Group uses tech, analytics and AI to create an ecosystem of lenders, borrowers and other market participants in China's commercial lending space.
Current milestones (some major ones):
- Has deals with subsidiaries of large Chinese conglomerates and online marketplaces to provide their Cubeler Lending Hub services
- Implementation of digital currency (China is pushing strongly on this front)
- Agreement with China UnionPay subsidiary to implement payment processing and fund transfer services (could be equivalent to Paypal partnering with Amazon in the U.S.)
- Fund transfers from China to Canada already tested and successful
- Partnership with China's top e-commerce software provider, ShopEx - provides access to shops operating on 28 online marketplaces and social media platforms
- Has applied for NASDAQ uplisting which would likely happen soon (estimating within 1 month from post if no further delays)
- Revenue for FY20 has beat guidance (Estimated 40mil but achieved 42.7mil).
- Hired MZ Group to lead strategic investor relations and shareholder communication program (increase awareness and interest of this company leading up to the uplisting)
Potential in future:
- Fintech is one of the hottest sectors in the market, stock price could follow the demand on NASDAQ.
- Investors who missed on Ant IPO will want to find an alternative to invest in fintech. The company has already been approached by a Chinese fintech firm for possible merger.
- Estimated 2021 revenues will likely more than double from 2020 (stated by management), and 2021 will be the first year of profitability.
- Plans to expand into technology hub cities like Guangzhou, into Canada by end 2021, and into U.S. shortly after.
- Plans to commercialize the accumulated data (new and significant stream of revenue for the company - data is extremely valuable!)
- Huge demand of public offering which led to being oversubscribed.
- 3 -year revenue guidance would likely be coming shortly from date of this post.
DISCLAIMER: I am not a financial advisor and this is just my personal sharing. The content is not exhaustive so please do your own research.
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