OSK has initiated coverage on Masterskill with a 'neutral' recommendation at a fair value of RM3.80.
Masterskill, with its niche in providing healthcare education, has become a leader in nursing and allied health education.
Its expansion strategy has spurred revenue and earnings growth, which is set to take it further given the favorable sector outlook.
'We value Masterskill at 12x PER on a 12-month forward EPS based on the average peer valuation and arrive at a fair value of RM3.80,' said OSK.