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Home / Capital / Brokers Calls

RHB ups HRnetGroup's TP to 93 cents on predicted rebound in recruitment and jobs

Broker's Calls

RHB ups HRnetGroup's TP to 93 cents on predicted rebound in recruitment and jobs

Felicia Tan Published on Sun, Jul 25, 2021 / 12:53 AM GMT+8

In a report dated July 22, RHB Group Research analyst Jarick Seet has maintained “buy” on HRnetGroup, as he foresees the company to benefit “significantly” from the “strong rebound in recruitment and jobs”.

“We expect professional and flexible staffing to rebound to levels stronger what we initially anticipated for FY2021,” he writes.

On this, Seet has upped HRnetGroup’s target price to 93 cents from 72 cents.