Servcorp at a crossroads
Expansion success hinges on global economies
Two analysts, presented with the same set of facts can, and often do, arrive at entirely different conclusions. Indeed, every day and every time a stock trades, the buyer and seller are arriving at vastly different conclusions.
On the one hand a renewed interest in cyclical stocks does not make it difficult to imagine Servcorp shares racing higher – the company having boldly positioned itself for an economic upturn by doubling its floor portfolio and expanding in the United States in anticipation of a strengthening global economy.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
hedley.calvert
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I’m based in the Middle East and recently in the market for a serviced office in Qatar. We considered the virtual office option but local regulations require you to have a physical office therefore this was simply not an option and goes some way to explaining why the virtual office has not taken off over here. On the flip side, these same regulations generate strong demand for serviced offices as they are a fast and cost effective way of setting up shop in the Middle East. With +100 Billion of capital investment in Qatar leading up to the world cup and growth in the UAE and Saudi picking up strongly, there are definitely good growth prospects for Servecorp in this part of the world.