Sunday, February 27, 2011

Jobstreet Corp (RM2.85; Buy; Price Target: RM3.30; JOBS MK)

4Q10 beat expectations
• 4Q10 net profit beat our forecast, but was in line
with street estimates; declared 2.5 sen net DPS
• Job posting momentum remained strong YTD,
which bodes well for 2011 earnings
• Maintain Buy and RM3.30 TP

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