Despite the gloomy economic outlook and higher unemployment rate in Singapore, undervalued HRnetGroup could benefit from the expansion of Chinese tech firms here, according to CGS-CIMB Research.

The brokerage notes that Tencent Holdings will be opening a new office in Singapore to support its growing business in Southeast Asia.

According to its hiring site as at Sept 16, Tencent has more than 20 job openings for roles involving cross-border commerce, cloud computing and electronic sports.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook