Yeo, in his March 7 report, points out that HRnetGroup’s earnings and revenue stood slightly below his expectations, because of lower contribution from the professional recruitment segment.
Analysts are keeping their "buy" calls on HRnetGroup (SGX:CHZ
) but have all lowered their target prices after the company's earnings for the FY2022 ended Dec 31, 2022, stood at $67.5 million, up 3.1% y-o-y. HRnetGroup's revenue for the year grew by 3.6% y-o-y to $611.8 million.
RHB Group Research analyst Alfie Yeo has kept his “buy” call on HRnetGroup, but with a slightly reduced target price of $1 from $1.01, as the recently reported FY2022 earnings fell slightly short of expectations and lower earnings seen in the near term.
