NusaTrip's 15min chart triggers Bollinger Bands Narrowing, KDJ Death Cross.

Based on the 15-minute chart for NusaTrip, the Bollinger Bands have recently narrowed, and the KDJ indicator has crossed into the death zone at 10/07/2025 13:45. This suggests that the magnitude of price fluctuations is decreasing, and the momentum of the stock price is shifting towards the downside, potentially leading to further decreases.

Ascendiant Capital Markets has issued a positive equity research report on Society Pass Inc. (Nasdaq: SOPA), highlighting strong revenue growth and adjusting earnings estimates for the company. The report maintains a BUY rating for SOPA, with an increased 12-month price target of $18.

According to the report, Society Pass Inc. reported $2.5 million in revenues for the second quarter of 2025, representing a 46% year-on-year increase. The earnings per share for the quarter significantly exceeded expectations, with SOPA reporting $0.10 compared to an estimated loss of $(0.24). Ascendiant has raised its revenue and earnings estimates for both 2025 and 2026, reflecting improved financial outlooks. The report emphasizes that SOPA's current market capitalization of approximately $5 million is vastly undervalued compared to its $29 million cash reserves and significant ownership in NusaTrip, which is valued at around $100 million.

Society Pass Inc., founded in 2018, operates an e-commerce ecosystem across Southeast Asia and has been listed on NASDAQ since November 2021. Despite positive revenue growth, the company continues to forecast negative earnings per share, raising concerns about long-term profitability. The forward-looking statements in the press release highlight inherent risks and uncertainties, which may affect investor confidence.

Ascendiant's BUY rating is based on the company's high growth potential despite its risks. The report suggests that Society Pass's main products still have long commercialization challenges ahead, but the ~$1 billion market potential presents high rewards for the risks. Ascendiant maintains its BUY rating, but raises its 12-month price target to $18 from $15, based on a NPV analysis, representing significant upside from the current share price.

The report also notes that NusaTrip went IPO on NASDAQ with the ticker NUTR and raised $17 million in August 2025. Ascendiant expects Thoughtful Media to complete the IPO by the end of 2025 with its valuation to be comparable to NusaTrip. This suggests that SOPA's shares and business are significantly undervalued, with its market capitalization being only approximately $5 million while it has an estimated $29 million in cash.

The report provides a comprehensive analysis of Society Pass Inc., highlighting both its strengths and weaknesses. It is essential for investors to consider the risks and uncertainties mentioned in the forward-looking statements before making investment decisions.