Justco Holdings Likely Has Visible Growth Ahead

Dow Jones
Jul 16

0530 GMT - JustCo Holdings likely has visible growth ahead, Maybank Research's Liu Miaomiao says in a research report. Its growth outlook is underpinned by a visible expansion pipeline and improving operational efficiency, the analyst says. JustCo is a flexible workspace platform with 50 centers across 10 gateway cities, serving roughly 35,000 workstations. The brokerage forecasts the company's workstation capacity will see a 19.5% CAGR over 2025-2028. As occupancy improves by estimated 3 percentage points by 2028, JustCo's stronger operating leverage is expected to increase cash Ebitda margin to 14.1% in 2028 from 9.4% in 2025. The brokerage initiates coverage of the stock with a buy rating and a target price of 1.02 Singapore dollars. Shares are 1.4% lower at S$0.70. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 16, 2026 01:30 ET (05:30 GMT)

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