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.