Dissappointing result as many of us including myself expected...

Dissappointing result as many of us including myself expected higher earnings. Hong Kong must be a hard market to crack. When you break down the numbers you can see it is typical of a company who has made aquisitions which take time to intergrate into a business model. The first year crunches the company with high costs and its not until 2-3 years later that the return comes (provided they are the right aquisitions). Their editda 2020 guidance is $25-30m which would be a massive jump if achieved. If they can get control of their costs then this guidance could easily be achieved.
Initially on the news, i thought of reducing my holding but after analizing the figures, I do see potentially high growth over the next 12-18 months.