This stock should easily reach $2.50 without much effort as it...

This stock should easily reach $2.50 without much effort as it will still be $225M mkt cap at that price. I see that once revenue kicks in from commencement of services in Hong Kong and further growth from Singapore, when revenue hits $20-30M annualised (double or triple from here), the net profit will be easily $10-15M if the operating expenses is where it is as per last half FY16.

As this is a stable PLUS growth business with recurring payments from customers, one could easily justify a PE Ratio of 20 if there's not much further growth, but if with constant growth in revenues and customers, the PE Ratio could easily be in the 30s justifiable. At PER of 30, the business should command a market cap of $360M. That will be approx. 70% upside from today's price!