ACX 0.00% $7.79 aconex limited

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  1. 3,827 Posts.
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    They don't announce all individual clients/projects, only a few.

    Asia is the smallest part of the business and was only $13.3m revenue in FY16 (30% yoy growth / 19% constant currency) with $2.0m contribution. But it's the biggest construction market in the world. So Asia does represent a big opportunity -- off a low base.

    As an aside, the data can be hosted anywhere you put the hosting server and in China if required. A lot of the big Chinese builders also operate in the region outside China.

    From the results call:

    The Asia region represents a sizeable long term opportunity for Aconex and we are building a platform to enable us to capture this opportunity. We are executing a targeted set of sales initiatives going after key influences and big infrastructure opportunities such as the multi hundred billion One Belt One Road program being driven by China. Significant wins in the region include projects with China State Construction with Nippon Koei, with Sinopec in the oil and gas space, with SK Engineering and Construction out of South Korea and also with IKEA for retail projects across China.

    China State Construction a decent client
    https://en.wikipedia.org/wiki/China_State_Construction_Engineering

    One Belt One Road a true mega project which ACX has a small part of so far
    https://en.wikipedia.org/wiki/One_Belt,_One_Road

    Other Chinese project wins go back years but not usually individually announced
    http://www.marketwired.com/press-re...s-aconex-for-16b-shanghai-project-1736118.htm

    You could say "amazing opportunity in Asia" of which China is one part.
    Last edited by Alex999: 24/10/16
 
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