The market has completely overlooked the significance of this news:
1. Expansion into Japanese and Korean market
2. JAT is seeking more trading opportunities with other nations (further expansion)
3. JAT is going to manufacture its own products. This should take the current margin of ~10% to 20-40% (profit).
Based on the provided initial annual budget for Japan/Korea and assuming a sale price of A$40 this should be an extra $12m revenue this year and $20m next year, with $1.2m-$4.8m profit this year and $2m-$8m profit next year (based on margins).
Big. Wonder where else they will begin selling their product?
IMO JAT could do A$100m annualised in FY20 with >A$20m profit.
Ann: Sole agency - Japan and Korea, page-6
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Mkt cap ! $38.30M | |||
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| JAT (ASX) Chart |