From last quarter's results, they are returning to growth....

From last quarter's results, they are returning to growth.

Growth that is higher than most of 2016's growth rate, but lower than 2015's growth rate.

You can see from the share price that the market is relieved that it's made good on it's promise to go back to growth mode.

The market pricing it at $87-$88 was in anticipation of another quarter of subdued / no growth and a bleak outlook.

The market's now happier about the last quarter's return to growth and a positive outlook, so is willing to bet that this growth could carry on to the next quarter or two, where $110 is a fair price for that growth.

My bet is that the rate of growth will be accelerating (not just staying constant), so justifies a $140 share price. It's an optimistic view that the new markets, Iran, Indonesia and China, will be growth drivers when they next report.