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Manpower shortage continues to pose a threat to Jadason's earnings ahead

Michelle Zhu
Michelle Zhu11/13/2017 10:35 AM GMT+08  • 2 min read
Manpower shortage continues to pose a threat to Jadason's earnings ahead
SINGAPORE (Nov 13): CIMB Research continues to rate Jadason Enterprises at “add” with a lower target price of 11 cents after rolling over its valuation basis to FY19F estimates, still based on 12.34 times P/E – which is 2 s.d. above the average forw
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SINGAPORE (Nov 13): CIMB Research continues to rate Jadason Enterprises at “add” with a lower target price of 11 cents after rolling over its valuation basis to FY19F estimates, still based on 12.34 times P/E – which is 2 s.d. above the average forward P/E during the FY04-07 earnings recovery cycle.

This comes after the group last week reported 3Q17 and 9M17 revenue in line at 28% of 73% of CIMB’s FY17F estimates, respectively, although net profits for the two periods came in below full-year expectations at 26% and 51%.


See: Jadason posts 19% decline in 3Q earnings to $1 mil

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