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HRnetGroup expected to end FY17 with a bang

Samantha Chiew
Samantha Chiew1/9/2018 11:34 AM GMT+08  • 2 min read
HRnetGroup expected to end FY17 with a bang
SINGAPORE (Jan 9): RHB expects HRnetGroup to end FY17 with a bang given the group recorded positive 3Q17 results, reflecting strong growth from its flexible staffing business in Singapore as well as the full contribution from the 88GLOW plan.
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SINGAPORE (Jan 9): RHB expects HRnetGroup to end FY17 with a bang given the group recorded positive 3Q17 results, reflecting strong growth from its flexible staffing business in Singapore as well as the full contribution from the 88GLOW plan.

In a Tuesday report, analyst Jarick Seet says, “We expect strong growth in flexible staffing to continue in 4Q17, due to major events like Christmas and the New Year.”

With a net cash hoard of $280 million, along with $15-20 million of free cash flow per year and low capex requirements, the analyst believes that the group is ready for an acquisition spree.

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