In light of HRnetGroup’s strong rebound in FY2021, analysts from CGS-CIMB Research and RHB Group Research are optimistic on the group’s growth and staff expansion moving into FY2022. 

For 1HFY2021, HRnetGroup reported that its revenue and PATMI grew by 30.8% and 71.2% y-o-y to $275 million and $35.9 million. 

The counter is also trading at 13.3 times FY2021 price-to-earnings (P/E), according to RHB’s estimates. According to the analysts, the group is currently trading lower than its global peer average. 


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