Tier 1 cities continue to expect job gains.
SEE:Tencent, ByteDance, Alibaba expansion here could bode well for HRnetGroup: CGS-CIMB
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The analysts conclude their note by saying they like HRnet for its large exposure to
Singapore and North Asia, which accounted for 56% and 40% of its 1HFY2020 gross profit, respectively. “Given that the pandemic has been kept largely under control in these markets, the hiring activities here should accelerate in FY2021, in our view.” they said.