Earlier this month online recruitment platform SEK downgraded full-year revenue guidance while maintaining FY earnings expectations showing their ability to pull the cost levers in response to softer demand for job ads. We continue to like SEK believing they are a high-quality operator, however, they’re not cheap for the growth being delivered hence we intend to continue our active approach toward this stock.
- We remain bullish towards SEK targeting fresh 2023 highs, around 5% higher.
MM is considering taking profit from our SEK position above $26
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