iProperty Group has a bit of a write up in the AFR:
Credit Suisse maintains a "neutral" on
iProperty Group
, but raised its target price to $3.50 from $2.90 previously. "We increase our target price to $3.50 (from $2.90) as a result of higher long-term estimates for the Malaysia, Thailand and Hong Kong businesses. We see material upside to our current forecasts if the company is able to continue to execute on its current strategy and grow online penetration of real estate ad spend further in its key markets. However, at their current level we see IPP shares as offering a fair balance between risk and reward and maintain our existing 'neutral' rating following recent strong share price performance."
