RESULTS: Machines, mobile devices and social media are constantly churning out vast quantities of different kinds of information, known as 'big data'. Fusionex International (FXI) provides easy-to-use software that makes sense of that data - making it an invaluable tool for advertisers, retailers and any companies hungry for insights into their customers or operations.
Eager to address the trend, Fusionex has been shifting away from services towards products, which made up 84 per cent of its sales last half, up from 71 per cent. That increase partly reflects the December launch of GIANT, its flagship 'big-data' product that offers a point-and-click interface and works across many devices and servers. GIANT contributed about £2.6m to Fusionex’s sales growth last half, and has already secured six clients spanning the aviation, hospitality and retail industries.
The gains look likely to continue. Fusionex has recruited two of the best-known big-data platform distributors, Cloudera and Hortonworks, to its network. It has also partnered with IT-distribution giant Avnet, which will "champion" its product in over 80 countries, says chief executive Ivan Teh. A more diversified customer base would please investors, as Fusionex currently earns nine-tenths of its revenues in Asia.
Broker Panmure Gordon expects full-year adjusted pre-tax profits of RM21.3m, giving EPS of 45.5sen, rising to RM27.1m and 54.8sen next financial year.
| FUSIONEX INTERNATIONAL (FXI) | ||||
|---|---|---|---|---|
| ORD PRICE: | 485p | MARKET VALUE: | £ 209m | |
| TOUCH: | 480-490p | 12-MONTH HIGH: | 770p | LOW: 239p |
| DIVIDEND YIELD: | 0.4% | PE RATIO: | 55 | |
| NET ASSET VALUE: | 209sen* | NET CASH: | RM22.2m | |
| Half-year to 31 Mar | Turnover (RMm) | Pre-tax profit (RMm) | Earnings per share (sen) | Dividend per share (p) |
|---|---|---|---|---|
| 2013 | 18.5 | 6.5 | 14.6 | 2.00 |
| 2014 | 25.0 | 8.2 | 17.5 | 2.05 |
| % change | +35 | +25 | +20 | +2 |
Ex-div: 4 Feb Payment: 28 Feb *Includes intangible assets of RM17.7m, or 41sen a share £1=RM5.43 (Malaysian ringgits) | ||||
