Mobile Embrace Ltd


MBE Details

Market Expansion and Positive outlook: Mobile Embrace Ltd (ASX: MBE) recently rolled out the cloud based performance marketing technology platform into Hong Kong and United Arab Emirates following the launch in Singapore and Malaysia. Revenue is said to be already being generated in all four markets. MBE also forecasts an 82% growth of revenue greater than $60million and 76% growth in EBITDA greater than $9million in FY16 compared to FY15. The company delivered a year to date ended on third quarter of 2016 revenue of $44m up by 93% while a 179% growth in EBITDA for the same period. MBE carrier business is generating organic growth in both domestic and international operations and the company has planned expansion of their Telco partners to accelerate their international revenue.
 

Solid forecast (Source: Company Reports)
 
MBE even made a new partnership with one of Singapore’s major mobile operators, StarHub to strengthen its direct carrier billing operations. The company has now agreements with the three major mobile operators in Singapore in Asia. In carrier billing, MBE reported for robust organic growth from both domestic and International carrier billing businesses with more than 750,000 transactions occurring globally per month. There is 10% growth reported for International direct carrier billing (DCB) transactions on month on month basis. MBE’s organic mobile App install revenue surged over 300% in Q3 against Q1. The company is delivering 100% growth in quality customer lead transactions for major brand partners over pcp. Global subscriber numbers jumped up over 100% during FY2016 while international territories demonstrated strong momentum with some profitability on a monthly run rate basis. Accordingly, the stock rallied over 22.03% in the last three months (as of May 16, 2016) and we give a “Speculative buy” recommendation on the stock at the current price of $0.355
 

MBE Daily Chart (Source: Thomson Reuters)
 
Mint Payments Ltd


MNW Details

Expansion of Transaction Fees: Mint Payments Ltd.’s (ASX: MNW) transaction value has increased by 579% to $103 million during the third quarter of 2016 as compared with the same quarter of last year. This increase was due to incorporation of travel agency software solution provider, Tramada Systems in February 2016 with which the company has signed three-year license and distribution agreement. Tramada has strong customer base in its portfolio which has benefitted the company.
 

Outstanding transaction value increase (Source: Company Reports)
 
The company has also entered into an agreement with Asian Business Software Solutions (MYOB Asia) which has a reach in 11 countries in South East Asia and has a 40% to 50% market share. MNW even made a five year strategic partnership agreement with Singapore’s NETS for the expansion for transaction fees. The company reported a 138% surge in revenues for Q3FY16 over prior corresponding period and 12% rise over previous quarter. MNW reported 134% increase in its active users to 8.2k against the prior comparative period. We give a “Speculative buy” recommendation on the stock at the current price of $0.11
 

MNW Daily Chart (Source: Thomson Reuters)
 
iCar Asia Ltd


ICQ Details

Solid cash position and extension of strategic relationship: iCar Asia Limited (ASX: ICQ) has signed a 3-year extension to its strategic relationship agreement with carsales.com Limited to share knowledge, expertise and data sharing as well as to develop the iCar business. The carsales.com would enable the company to accelerate its growth in ASEAN’s three largest automotive markets. ICQ reported that the extension is subject to granting of an ASX-waiver enabling the continuation of carsales’ share top-up right.
 

Collections (Source: Company Reports)
 
The company in its first quarter ending 31 March 2016 has delivered 46% increase in cash and cash equivalents compared to corresponding quarter 31 March 2015. Net operating cash outflow witnessed a reduction of 46%. The company’s operational results in the first quarter of 2016 have been robust with record audience of 6.9m Unique Visitors to iCar Asia Classified websites in March indicating a surge of 30% year on year; record 624,000 unique individual car buyers sent leads to car sellers across Malaysia, Indonesia and Thailand in March; and launch of refined guaranteed top search results product, ‘The Boss’ in Malaysia. ICQ has surged 4.65% in the last three months (as at May 16, 2016). We maintain our “Speculative buy” recommendation on the stock at the current price of $0.89
 

ICQ Daily Chart (Source: Thomson Reuters)

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