Masterskill Education; Fully Valued; RM1.16
Price Target: RM0.70; MASEG MK
FY11-13F earnings cut by 6.6%-7.1% after trimming new student intakes. News of jobless nurses could dampen new enrolments in nursing courses. Maintain Fully Valued with RM0.70 TP (pegged to 10x FY12F EPS).
Traders Spectrum – From the Chartroom
The FBM KLCI settled at 1,557.15 on Friday for a weekly decline of 4.5-point or 0.3%. Technically speaking, the benchmark FBM KLCI will probably show resilience before resuming its uptrend towards the psychological threshold of 1,600 going forward.
Source: HwangDBS Research 20 Feb 2012
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