JustCo Stock Seen Undemanding Given Earnings Growth Path
Dow Jones
Aug 11
0328 GMT - JustCo's stock seems undemanding given its earnings growth trajectory and expanding regional network, says Maybank Securities' Liu Miaomiao in a note. The Singapore coworking space operator is trading at around 33% to its initial public offering price despite delivering 1H results broadly in line with its guidance, the analyst says. The company remains on track to expand its network to 78 centers, although the execution and occupancy ramp-up of its 21 committed facilities remain key watchpoints, she adds. Maybank retains its buy rating and 1.02 Singapore dollar target price. Shares drop 0.8% to S$0.635.
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