Their potential for growth in just China alone is quite substantial as China is quite depleted of ATM,s at this point in time. As is said in their presentation, China is lagging behind the rest of the world in ratio of ATM's per head of population, e.g. China has only one ATM per 18868 people compared to Japan which has 1 ATM per 980 people and the US which has 1 ATM per 787. China has a population of in excess of 1.3 billion people, so one can see the scope for extensive growth in just that one country, and ICP have a 'leg in' throughout Asia, so it's a 'shoe in' for them. Their presentation out today is really worth studying.
China is similar to all Asian countries, which have a tendency to prefer cash in hand rather than electronic transfer, like Western Countries prefer, and with the Olympic games next year there is a push to expand China's ATM numbers rather quickly. I believe that once the true story of their growth potential is absorbed by the market, then it may be rather exciting, but time will tell.
Regards...Chas.
STL Price at posting:
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