On the other hand, Paul Chew of PhillipCapital is “expecting growth to creep up”, and has therefore lowered his target price to 85 cents from 88 cents previously, while maintaining his “buy” call.
Analysts from Maybank Securities and PhillipCapital are mixed on HRnetGroup (HRnet) following the company’s FY2023 results, which saw its core patmi for the 2HFY2023 come in at $28 million.
Maybank’s Eric Ong has kept his “hold” call with an unchanged target price of 80 cents, as he says that the group has been resilient compared to its peers considering the economic conditions of 2023.
