HRNetGroup

12 stocks that could get a boost from IR 2.0
SINGAPORE (Apr 5): The $9 billion investment to renew and refresh Singapore’s two integrated resorts (IRs) could provide some vibrancy to the domestic economy in the next few years and whip up some optimism in the city-state, says CGS-CIMB Research. “The economic implication of this transformation will first be felt in the construction sector before having a multiplier effect on the rest ...
HRnetGroup is on an expansion spree
SINGAPORE (Mar 1): HRnetGroup, the recruitment agency, has a few unique practices in its company, including a 20-minute daily exercise-and-meditation qigong routine to keep staff happy and healthy, as well as companywide internal meetings held on Saturdays, as the weekdays are “golden time” for staff to meet clients and call job candidates. Such practices have helped HRnetGroup expand to ...
HRnetgroup out to nab China's workaholic job seekers
(Feb 27): In some quarters, a lack of work-life balance is not always a bad thing. HRnetgroup, Singapore’s biggest recruiter and human resources firm, is hoping that expanding services in China will help lift its share price that has sagged since an initial public offering two years ago. China’s headhunting market is booming, thanks to the willingness of job seekers to work seven days a ...
HRnetGroup kept at 'buy' despite one-off losses, geopolitical challenges
SINGAPORE (Feb 25): RHB Research is keeping its “buy” call on HRnetGroup, despite the human resource recruitment agency getting rocked by non-core one-offs in the 4Q18 ended December. 4Q18 PATMI fell 48% to $6.3 million, mainly due to a one-off revaluation loss of $5.7 million and a one-off bad debt provision of $1.6 million. “Excluding these one-offs, core PATMI would have risen 4.6% ...
2019 outlook for small-mid caps to hinge on US-China trade talks: RHB
SINGAPORE (Jan 7): RHB Research is keeping its “neutral” call on the small-mid cap sector amid US-China trade tension that could continue to weigh on the market. “A potentially positive 2019 will hinge on the outcome of the trade talks between the US and China. If an agreement cannot be reached, the outlook will worsen, and a further correction for all markets is likely,” says lead ...
Market valuations may be inexpensive but stay defensive: RHB
SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019. The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions. In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the ...
HRnetGroup on track for continued excellence in FY18, says RHB
SINGAPORE (Aug 13): RHB is maintaining “buy” on HRnetGroup with an unchanged target price of $1.18. This comes after the group posted a strong 2Q18 set of results,with HRnetGroup’s 2Q topline ring 10.8% y-o-y due mainly to strong performances in North Asia and Singapore as well as higher gross profit margin, in line with the research house’s expectations. In a report last Friday, ...
How the trade war has impacted our portfolio this year
SINGAPORE (Aug 10): The trade war has become a reality as the US and China have imposed 25% tariffs on each other’s products worth US$34 billion ($46.4 billion) each. Synchronised global growth, as anticipated by economists, did not quite materialise in the first half of this year. Although strong growth was seen in the US, the same could not be said in Europe and Japan. In Singapore, new ...
HRnetGroup expected to see more record quarters ahead
SINGAPORE (May 11): RHB is reiterating its “buy” rating on HRnetGroup with a target price of $1.14. This came on the back of the group announcing that its 1Q18 earnings have increased by 46% to $16.3 million from $11.2 million in 1Q17. Revenue was 12.2% higher y-o-y at $107 million, led by flexible staffing and professional recruitment. Revenue and gross profit from flexible staffing ...
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. 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 ...