Citi says FY23 forecast, Booking.com key focus for NZ's Serko annual results

Serko

09/05/2022 03:16

** Citi analysts focus on progress of business travel
software maker Serko's  SKO.NZ  Booking.com for business
partnership for its FY22 results
    ** We see a wide range of outcome for Booking.com for
business in the near term - Citi
    ** Ahead of co's FY22 results, Citi expects the focus of the
result to be on FY23 outlook and trading conditions
    ** Citi sees co's revenue of NZ$43 mln ($27.37 mln), up 119%
    ** Expects co to provide an update on key metrics such as
ARPB, booking volumes, and customer count
    ** Our forecasts assume NZ$22 mln ($14.01 mln) in revenue
from Booking.com in FY23 - Citi
    ** Three of four analysts rate the stock "buy" or higher,
one "sell" or lower; their median PT is A$7.14 – Refinitiv Eikon
data 
    ** Stock down 28.6% this year, as of last close 
    

       ($1 = 1.5701 New Zealand dollars)
    

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))