GMO internet (9449) – Aggressive promotion: Downgrade Positive to Mixed

14th March 2013

Summary:
We have long argued that GMO internet’s Web Infrastructure & Ecommerce business is the jewel in the company crown, boasting dominant market shares across a wide range of product areas. FY14, however, is likely to prove a year of investment as the company aggressively promotes newly launched & acquired domain names whilst also bulking up their engineer recruitment program. We expect this to result in a significant divisional earnings deceleration. (1,236 Words)

GMOインターネット株式会社

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SKU: 9449-02 Category: Tag: