CGS-CIMB Research continues to stay upbeat on HRnetGroup following the 1Q2021 "a positive set of labour market data" reported by the Ministry of Manpower on June 17.

See more: Singapore labour market improves in 1Q21, but unemployment rate still higher than pre-pandemic levels

CGS-CIMB analysts Darren Ong and Lim Siew Khee highlight that Singapore’s total employment expanded by 12,200 in the 1Q, marking the first positive change after four consecutive quarters of decline, supported by resident employment growth. 

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