The expansion into the US market seems very promising, there's a big market for Family Zone to enter. Compared to entering the South East Asian market via telcos, I think that the returns on entering the US market will be much greater due to the fact that child internet security is more of a concern in the US. The figures look good for now, with a 150% increase in revenue, considering the fact that the market is currently not at its peak period.
Holding the stock may be a good idea for the time being as the peak period for the US market approaches, itll be interesting to see how much more Family Zone’s revenue will increase. Considering the 14 day CCI of -7.17 and a 14 day ADX of 12.74, it further convinces me that holding for the time being is a viable option.
FZO Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held