Scripscan:OnMobile Global Ltd
cmp:70
Code:532944
Story:OnMobile Global Limited, together with its subsidiaries, provides value added products and services for mobile, landline, and media service providers in India and internationally. It offers products in the areas of m-commerce, entertainment, media portals and interactive television programming, mobile marketing, user-generated content and social networking, mobile utility, data and 3G, and information and network through mobile access channels, such as voice, SMS, WAP, USSD, voice, video, on-device portal, and Web. The company’s products include music products comprising ring back tones (RBT), M-radio, ringtones, reverse RBTs, devotional songs, jukeboxes, and music cards; infotainment products, such as contests, mobile box office, interactive media, sport products, find-a-friend, comedy, horoscopes, news and stock updates, and multimedia products; voice portal, music search, content management system, and on-device portal solutions; and video products consisting of video gateways, video applications, content adapters, multimedia protocol stacks, and video optimizers. Its products also include personal data management products comprising phone book, phone back up, social address books, social network gateways, multimedia albums, network calendars, OMA DS stacks, sync servers, and XDMS technology; speech recognition products, such as speech recognition software; messaging solutions, including missed call alerts and voice SMS; mobile marketing solutions; and churn management solutions.The company grew by about 20% this quarter and the quarter on quarter run rate was much better than the year on year, which indicates earnings momentum.The concerns on Onmobile which investor have is on their domestic business where there seems to be sluggishness, not that the domestic demand is low. For example, applications for smart phones and regular phones are a huge growth opportunity and there are very few big players in this line. Except that some policy issues and some TRAI issues keep coming up, but I feel this is of a temporary nature.So at Rs 70, it is trading about 7 times 2012 earnings, which to me is quite attractive, and I am putting a target of about Rs 90 for Onmobile in the next 12 months. I should say this stock is for a high-risk investors because it shows a tremendous volatility in the stock market.
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