Brokers' take
HRnetGroup Buy Jan 3 close: S$0.80 Target price: S$0.96 DBS Group Research, Jan 3
HRnet is the largest recruitment firm in the Asia-Pacific (ex-Japan), according to Frost & Sullivan. Going by the uptick in Singapore's services sector, we believe that the labour market has bottomed; and a recovery should bode well for HRnet.
With its recent initial public offering (IPO), the group has extended its co-ownership model with the 88GLOW and 123GROW incentive programmes, which should aid in overall productivity, align employee interests, and drive better operating performance.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst