Just came across this stock. Has BIG potential for growth
Based on FY16 of ~$2Mnpat this stock is trading on only a 4 PE. GREAT VALUE.
More stores being rolled out for growth and the business has new divisions coming online (education and enterprise). The fact that SRY made good profit in 2015 is also great. Indo retail has been terrible and been in a down draft, clearly they are good operators. Things are turning around on a macro level in Indo so good tail winds for SRY.
Small electronic consumables like phones and tablets are on the rise. The move into Vietnam is smart and good for cashflow.
There is a recent Investor Presentation floating around which highlights some key points. Rising middle class in SEA should have strong positive effects
Can't wait to see what they do with the enterprise side of the business.
A growth stock like this in SEA should move to 10+ PE once people do some work. Good target for bigger players that want a foot print in SEA.
(Reposted a similar post as this stock deserves some more exposure!)
SRY Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held