Future Plans for Growth:
- Cyber Range Lab Development.
The Company plans to establish a Cyber Range lab—a virtual simulation environment for cybersecurity, Big Data, and AI training. It will allow participants to experience real-world scenarios such as cyberattack defense and large-scale data management to improve practical capabilities.
- Regional Expansion in Malaysia and ASEAN.
To address regional upskilling needs, the Company will open offices and training centers in Kota Kinabalu and Kuching. It also plans to expand into Indonesia, the Philippines, and Singapore to support the increasing demand for digital talent across ASEAN markets.
- Enhancing the Digital Segment.
The Company is strengthening its Digital segment by developing internal ERP software for operational efficiency and data management. It also plans to upgrade PEOPLEAPS and SKILLSTURE platforms by integrating a Learning Experience Platform (LXP) and advanced personalization tools to boost engagement.
- Strategic Investments and M&A.
The Company aims to pursue strategic investments and M&A across Malaysia and Southeast Asia, focusing on targets that align with its services. Priority will be given to companies with certifications, strong value propositions, and potential to enhance brand presence and program offerings
M+ Fair Value
We ascribe a fair value of RM0.325 for PEOPLE. Our valuation is derived by applying a forward P/E of 19.0x to the mid-FY26f EPS of 1.71 sen, implying a 30.0% upside to its IPO price of RM0.25. While peers trade at 15.6x, PEOPLElogy's premium is justified by its superior 20.8% net margin (vs. peers' -5.7%), reflecting stronger profitability and operational efficiency.