UnionPay deal a game changer

The announcement is in this morning's Financial Review (print edition, no link).

The article also think that the company is under-priced and it's real value won't be seen until they will list on the NASDAQ next year. (They are in the final stages of inking a deal with a major US investment bank to manage the float there.)

As technical companies tend to be badly under-appreciated in our resources heavy ASX, we quite likely have to wait for a bit longer for a real increase of the sp. I think it certainly will be worth it on the long run. I, for one, will hold onto my existing shares and will buy more whenever I will be able to afford to top-up.

All IMHO only, of course.