HRnetGroup (HRnet)

Insider moves

Sims of HRnetGroup buy near 52-week-low; GSS Energy CEO Yeung buys in married deal

SINGAPORE (Apr 30): Simco, a private investment holding company, has raised its stake in work placement agency HRnetGroup by acquiring shares from the open market.

Broker's Calls

HRNet earnings up but analysts maintain conservative stance

SINGAPORE (Feb 28): Earnings of recruitment firm HRNetGroup was up 40.1% to $8.8 million in 4QFY2019, from $6.3 million in the corresponding period a year ago, as it booked one-off gains including

Results

HRnetGroup casts its net wider as 2Q earnings drop 11.5% to $11.5 mil on Singapore contraction

SINGAPORE (Aug 13): Mainboard-listed recruitment firm HRnetGroup saw its earnings drop 11.5% to $11.5 million for the 2Q19 ended June, from $13.0 million a year ago.

M&A

HRNetGroup goes to Europe with 25% stake acquisition in UK firm

SINGAPORE (Aug 5): HRNetGroup is venturing into Europe via the acquisition of a 25.02% stake in UK-based Staffline for $46.1 million.

Corporate moves

ED of HRnetGroup buys shares, company bets on regional growth

SINGAPORE (June 17): Adeline Sim, executive director of recruitment consulting firm HRnetGroup, has been buying shares in the company.

Results

HRnetGroup reports record FY18 earnings of $52.4 mil

SINGAPORE (Feb 22): HRnetGroup reported record earnings of $52.4 million for the FY ended Dec 31 2018, an increase of 12.9% year-on-year.

Broker's Calls

HRnetgroup kept at ’buy’ by RHB on strong 3Q results

SINGAPORE (Nov 12): RHB Research is maintaining HRnetgroup at “buy” after the latter reported strong growth in its third-quarter top and bottom lines coupled with higher margins.

Results

HRnetGroup 3Q earnings up 17.5% to $12.6 mil

SINGAPORE (Nov 8): HRnetGroup reported 3Q earnings grew 17.5% to $12.6 million from a year ago as a result of the strong improvement in net profit after tax that increased by 23.9% to $13.6 million

M&A

HRnetGroup signs definitive agreements to acquire 51% stake in executive search business in China

SINGAPORE (June 9): HRnetGroup has signed definitive agreements on its acquisition of a  51% stake in REForce (Shanghai) Human Resources Management Consulting.

Results

HRnetGroup reports 46% higher 1Q earnings of $16.3 mil

SINGAPORE (May 9): Recruitment and staffing firm HRnetGroup reported 1Q18 earnings of $16.3 million, 46% higher than the 1Q17 earnings of $11.2 million.

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