NusaTrip's 15min chart triggers KDJ Golden Cross, bullish Marubozu signal

The 15-minute chart for NusaTrip has recently triggered a KDJ Golden Cross and a Bullish Marubozu pattern on October 8th, 2025 at 12:00. This suggests that the momentum of the stock price is shifting towards an upward trend, potentially leading to further increases. With buyers dominating the market, it is likely that bullish momentum will continue.

Ascendiant Capital Markets has released an equity research report on Society Pass Inc. (Nasdaq: SOPA), highlighting significant revenue growth and an upward revision in earnings estimates for the company. The report underscores the potential for further share price appreciation, despite inherent risks.

In the second quarter of 2025, Society Pass reported revenues of $2.5 million, representing a 46% year-on-year increase, which exceeded previous estimates. The company's earnings per share (EPS) for the quarter were $0.10, significantly surpassing the estimated loss of $(0.24). Ascendiant has adjusted its 2025 revenue estimates from $6.2 million to $8.8 million and EPS from $(1.04) to $(0.42), reflecting improved financial projections.

The report notes that Society Pass's market capitalization of approximately $5 million is significantly undervalued compared to its $29 million cash reserves and substantial ownership in NusaTrip, valued at around $100 million. This valuation discrepancy suggests potential for share price appreciation. Ascendiant maintains a BUY rating on SOPA and has raised its 12-month price target to $18, citing the company's high growth potential despite its risks.

Society Pass, founded in 2018, operates an e-commerce ecosystem across Southeast Asia and has been listed on NASDAQ since November 2021. The company's strong revenue growth and positive EPS are encouraging signs, but the report also highlights long-term commercialization challenges and the need for improved profitability.

Institutional investors have shown increased interest in SOPA, with several hedge funds adding shares to their portfolios in the recent quarter. Wall Street analysts have also issued positive ratings, with Ascendiant being the latest to issue a BUY rating.