July 18, 2011

CIMB Research has Outperform on Jobstreet

Stock Name: JOBST
Company Name: JOBSTREET CORPORATION BHD
Research House: CIMBPrice Call: BUYTarget Price: 3.77



KUALA LUMPUR: CIMB Equities Research has an Outperform on Jobstreet and leaves its earnings forecasts for FY11-13 unchanged.

It said on Monday, July 18 it is retaining its target price of RM3.77, which it continues to peg to 22.6 times FY12 price-to-earnings, on par with its peers.

'The stock remains an OUTPERFORM as the strong volumes and earnings momentum could spark a re-rating,' it said.

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