Affin Hwang Capital Research Highlights
JobStreet - Kicking it up a notch
JobStreet Corp; Buy
Price Target: RM4.85 (prev RM2.60); JOBS MK
Stronger than expected job postings in the Philippines and Indonesia; overtook JobsDB Singapore to take lead. SEEK’s acquisition of JobsDB at lower end of valuation values JOBS at RM4.88/share. Upgrade to BUY; raised TP to RM4.85 (DCF).
Source: HwangDBS Research - 07 May 2013
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