Have my hands on a new research paper by Alpha Securities. Amongst other things puts a discounted cashflow model valuation on the Thailand project at 19 cents per share. They project tag sales rising from 4 mill in first year to 26 mill by year 10. Of further interest, Thailand currently has 34 mill vehicles.Indonesia had 50 mill in 2006 while Malaysia had 15 mill in 2006. No mention of Vietnam.. Also mentions a raising is likely to push things along. Only have pdf version. If you know how this can be posted, let me know. But I'm sure MIK be be releasing it soon. Could not find a contact just now. jwt
Have my hands on a new research paper by Alpha Securities....
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