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HRnetGroup kept at 'buy' on acquisition spree

Stanislaus Jude Chan
Stanislaus Jude Chan2/15/2018 12:53 PM GMT+08  • 2 min read
HRnetGroup kept at 'buy' on acquisition spree
SINGAPORE (Feb 15): RHB Research is keeping its “buy” call on HRnetGroup with an unchanged target price of $1.14, even as the recruitment firm continues its acquisition spree.
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SINGAPORE (Feb 15): RHB Research is keeping its “buy” call on HRnetGroup with an unchanged target price of $1.14, even as the recruitment firm continues its acquisition spree.

This comes after HRnetGroup entered into a binding conditional agreement with Glints Intern, a platform for graduate and young professionals in Asia, for a strategic stake of $0.5 million.

“Management sees synergies between the two firms, which would provide HRnetGroup with an avenue to stay ahead of the curve in the competitive digital human resources (HR) space,” says analyst Jarick Seet in a Wednesday report.

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