April 9, 2012

JOBSTR - Good start to the year

Stock Name: JOBST
Company Name: JOBSTREET CORPORATION BHD
Research House: HWANGDBSPrice Call: HOLDTarget Price: 2.50



JobStreet Corp; Hold; RM2.18
Fair Value: RM2.50; JOBS MK

Job posting volumes surged over 28% y-o-y in 1Q12. Raised FY12/13F earnings by 2%/4%. LinkedIn not a threat for now. Maintain Hold, TP nudged up to RM2.50; possible M&A with JobsDB.

Source: HwangDBS Research - 9 April 2012

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