New Breakout Alert (NASDAQ: SOPA) Multiple Analysts Coverage Indicating Tremendous Upside Potential

Society Pass Inc. (NASDAQ: SOPA) Breakthrough Technology Set to Dominate the Market with Multiple Analysts Coverage Indicating Tremendous Upside Potential Hi “FDR” Member, This is Michael Reece with “FinancialDrivenResearch” delivering you your new breakout alert for Monday trading session 1/22 Society Pass Inc. (NASDAQ: SOPA). Breakthrough Technology Set to Dominate The Market Society Pass leverages technology to tailor a more personalized experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and Pushkart.ph, a popular grocery delivery company in Philippines. Multiple Analysts Bullish on SOPA, following latest updates and Blockbuster News. Bullish Catalyst – Litchfield Hills Equity Research Analyst Issued a Buy Recommendation of Society Pass Inc. (NASDAQ: SOPA) with a price target of $4.00 [Initiating with Buy Rating and $4.00 PT]( According to Litchfield Hills Equity Research Analyst, Society Pass Inc. (NASDAQ: SOPA) has +1,700% upside potential, based on the analysts’ price target. Bullish Catalyst – Ascendiant Capital Markets Report Analyst Issued a Buy Recommendation of Society Pass Inc. (NASDAQ: SOPA) with a price target of $3.00 [Initiating with Buy Rating and $3.00 PT]( According to Ascendiant Capital Markets Report Analyst, Society Pass Inc. (NASDAQ: SOPA) has +1,200% upside potential, based on the analysts’ price target. Bullish Catalyst – Greenridge Global Equity Research Analyst Issued a Buy Recommendation of Society Pass Inc. (NASDAQ: SOPA) with a price target of $3.00 [Initiating with Buy Rating and $3.00 PT]( According to Greenridge Global Equity Research Analyst, Society Pass Inc. (NASDAQ: SOPA) has +1,200% upside potential, based on the analysts’ price target. Bullish Catalyst – Maxim Equity Research Report Analyst Issued a Buy Recommendation of Society Pass Inc. (NASDAQ: SOPA) with a price target of $.75 [Initiating with Buy Rating and $.75 PT]( According to Maxim Equity Research Report Analyst, Society Pass Inc. (NASDAQ: SOPA) has +239% upside potential, based on the analysts’ price target. About Society Pass Inc. Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (NASDAQ: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects Mln of registered consumers and hun∙dreds of thou∙sands of registered merchants/brands across multiple product and service categories throughout SEA. How Society Pass Operates For High Growth Results SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 Mln registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions. Society Pass leverages technology to tailor a more personalized experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and Pushkart.ph, a popular grocery delivery company in Philippines. Bullish Catalyst – US$ Bln Market Potential Due to Fast Growing Online Platform in Attractive Southeast Asia Markets I'm urging all my members to take note of the seven key catalysts that Ascendiant Capital took into their consideration to RAISE the 12-month target price to $3.75. Bullish Catalyst – Q2 strong revenue growth: Society Pass recently (on August 10) reported its Q2 2023 (ending June) results. Revenue was $2.2 Mln (+338% y-o-y), compared to our estimates of $2.5 Mln and cons∙ensus of $2.7 Mln EPS was (0.12), compared to our and consensus estimates of $(0.21). Bullish Catalyst – Major M&A: Just announced in July 2023, the company has entered into an agreement to acquire 95% of PT Inetindo Info (“Inetindo”), a wholly subsidiary of Story-I Limited (“Story-I”). Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorized Education Partner as well as an electronic gaming retailer for several different gaming companies. The purchase price is ~$1.9 Mln and the deal is expected to close by September 2023. Bullish Catalyst – Focused on loyalty platform: The company’s ecosystem of technology-enabled companies synergistically work together to transform how consumers and merchants interact with one another. Its key focus is on generating customer loyalty, ease of transaction for consumers, and revenues for merchants. As more merchants and consumers in SEA register on its Society Pass platform, more transaction data is generated, and thus presenting more o∙pp∙or∙tun∙ities for creating loyalty from consumers to merchants. Bullish Catalyst – Lifestyle platform: The company has developed an online lifestyle platform in Vietnam under its own brand name of “Leflair” to enable consumers to purchase high-end brands in many categories. Using the company’s smart search engine, consumers search or review their favorite brands among hundreds of choices in various categories, including Apparel, Bags & Shoes, Accessories, Health & Beauty, Home & Lifestyle, International, Women, Men and Kids & Babies categories. Market op∙po∙rtunities: We believe that continued strong economic expansion, robust population growth, rising level of urbanization, the emergence of the middle class, and the increasing rate of adoption of mobile technology provide large and fast growing market opportunities for Society Pass and other technology companies in Southeast Asia (SEA). Positive high risks versus high rewards: Overall, concerns outweighed by growth prospects and valuation. Society Pass’s main products still has long commercialization challenges ahead, but we believe the ~Bln D∙lrs market potential presents high rewards for the risks. Valuation attractive: Ascendiant Capital Markets is maintaining their B∙UY rating, but raised their 12- month price target to $3.75 from $3.50, based on a NPV analysis, representing significant upside from the current share price. Key Highlights Growth Initiatives of SOPA's Core Businesses Which Represent 96% of Revenue Digital Advertising: Thoughtful Media Group is a Thailand-based social media company acquired in July 2022. Business has been expanded to Vietnam, Indonesia, and Thailand. Digital advertising should have relatively higher margins vs. SOPA's other segments, in part due to lower labor costs. In October 2022, Thoughtful Media signed a partnership with Onlive.site (private), a live-streaming and digital content channel platform based in Spain. Onlive's technology allows livestreaming, live video shopping, interactive video and online TV channel platform tools. The company announced the acquisition of More Media, an Indonesia-based digital design and branding agency. More Media provides design and branding to Indonesia companies in beauty, F&B, e-commerce and logistics sectors. In July, TMG acquired Newave in Indonesia. The group also launched a concert business in Indonesia, with the first concert expected by the end of 4Q23. In October, management announced plans to spinoff this segment in 2024. Revenue in this segment was $1.8 Mln for 3Q23. Online Travel (NusaTrip): NusaTrip is an Indonesia-based online travel and hotel provider acquired in August 2022. Strategically we expect the company to focus on increasing hotel sales, which have higher margins than airplane tickets. We view Online Travel as one of the areas of key focus for growth both organicall. Key Recent Events That Could Send Shares Soaring! SOPA Has a Potential 1,400%+ Upside From Current Price Below I put together for you critical events occurring during 3Q23 and year-to-date have focused on diversification and focusing on more pro∙fit∙able businesses. - November 2023. NusaTrip partnered with China-based Guangzhou Junwei International Travel Service to grow travel business for customers in SE Asia and China. - October 2023. Thoughtful Media Group launched concert business in Indonesia with first concert expected in 4Q23. - October 2023. Announced plans to spinout Thoughtful Media and NusaTrip in 2024. - October 2023. Entered into $40.0 Mln equity line of credit with Strattners FZCO. Limitations of not more than one-third of public float over any 12-month period and shares at 6% discount to the lowest volume-weighted average price during 3 prior trading days. - July 2023. Subsidiary NusaTrip announced the acquisition of IATA Licensed Vietnam International Travel and Service JSC (VIT) (private). Expected to add ~$2 Mln in gross merchandising value (GMV). - July 2023. Announced planned acquisition of Inetindo (private) which operates 26 "Story-" branded Apple (AAPL - NR) stores in 9 cities across Indonesia. Initial plan was to pay ~$1.85 Mln for company that has annualized revenue of ~$28 Mln and gross pr∙o∙fit of ~$3.8 Mln. However, we are now uncertain if the transaction will close as the company is going through due diligence. - July 2023. Thoughtful Media Group, a Thailand based subsidiary of SOPA acquired a second company in Indonesia, Newave (private), a social media and micro influencer company (key opinion leaders with under 100K followers). Newave has over 10K influencers. The company is a social influencer company with over 675K videos and over 80 Bln video views since 2010 and has a current network of 263 YouTube Channels that have onboarded over 85 Mln subscribers. The company had revenue of $5.8 Mln in 2021. As a result of the acquisition, Thoughtful Media Group has business in Thailand, Vietnam, and Indonesia. - June 2023. Launched loyalty program, Society Points. This will be rolled out across the company's other divisions and should represent the highest margin segment of business. - April 2023. NusaTrp acquired Vietnam's VLeisure (private), expanding the online travel outside of Indonesia. Has inventory of over 650K registered hotels. Also provides a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions. - November 2022. Partnered with Stripe (private) to integrate payments platform for merchants and consumers. Stripe has technology that includes an∙tifr∙aud, and is able to accept credit and debit cards in a simple checkout manner. Key SOPA Acquisitions For Explosive Growth! SOPA Has a Potential 1,400%+ Upside From Current Price A key component of the company's strategy revolves around strategic acquisitions in key verticals. Pay close attention to what I put together for you below. - Handycart – acquired 2/25/22, is an online food delivery business based in Hanoi, Vietnam. The purchase price was ~$100K in c∙a∙sh and 25,000 shares valued at $2.61/share. The company currently has about 40 restaurants, mainly centered around Korean cuisine, registered on its platform. - Pushkart – acquired 2/14/22, is a grocery delivery service in the Philippines with 125K registered users. The purchase price was $200K in c∙a∙sh and $800K in stock, valued at $3.53/ share at the time of the acquisition. The company reported $65K of revenue in 2021. - Guerilla Networks - acquired 6/03/22, is a Singapore-based mobile virtual network operator (MVNO) for users in SE Asia. SOPA plans to market to business and leisure travelers and expand the MVNO services to Vietnam, Thailand, and Malaysia. - Thoughtful Media - acquired 7/11/22, a Thailand-based social commerce-focused, premium digital media company with operating presence in the U.S., Vietnam, and the Philippines. Revenue was $5.8 Mln in 2021. According to an August 9, 2022, news article, management expected PF annualized 2022 revenue of $16.8 Mln (~200% y/y growth). - Mangan.ph - acquired 7/20/22, a Philippines-based restaurant delivery service. Had $2 Mln in gross merchandising value delivered and management's goal is to increase this several times. - NusaTrip - acquired 8/15/22, an-Indonesian based online travel agency providing travel through 500+ airlines and 200K+ hotels worldwide. - More Media - announced acquisition in December 2022 for Indonesia based creative design and branding agency. - VLeisure. NusaTrp acquired Vietnam's VLeisure, expanding the online travel segment outside of Indonesia. Has inventory of over 650K registered hotels. Also provides a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions. - Newave. A social media and micro influencer company (KOLs with under 100K followers). Newave has over 10K influencers. Acquired by Thoughtful Media Group and their second acquisition in Indonesia. - Inetindo Info. Announced 7/7/23, transaction is still in progress. Operates 26 "Story-I" branded Apple stores across Indonesia. Inetindo is an Indonesia-based Apple premium reseller and authorized education partner as well as an electronic gaming retailer for several gaming companies. Paying $1.85 Mln (converted from Australian D∙lrs) in c∙a∙sh for 95% of the business which based on 6 months ending 12/31/22 had annualized revenue of $28 Mln and gross pr∙ofit of $3.2 Mln. We removed this acquisition from our estimates due to uncertainty in the deal closing. I believe SoPa is uniquely positioned to capitalize on the young and rapidly growing digitally-connected population in Southeast Asia, which is poised to see among the highest GDP growth rates over the next handful of years. The mix of social/influencer advertising and a loyalty-driven eCommerce ecosystem present a unique o∙p∙por∙tu∙nity to capture this growth, and collect an abundance of data that can be monetized down the road. Additionally, I agree with management that the market is not fairly valuing its assets at this time. SOPA currently trading approx. at the $.25/cent range and has a incredible upside potential of $3.00 per share based on Analyst from Ascendiant Capital. This 12 - month projection represents a clean 1,000+% upside from here. I am urging all of our “FDR” members to add Society Pass Inc. (NASDAQ: SOPA) to the top of your watch list right now, and be ready Monday morning at the opening bell! To Your Trading Success, Michael Reece Editor, Financial Driven Research © 2023 Financial Driven Research, All Rights Reserved. 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