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. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook