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HRnetGroup ratings, target price cut after 'disappointing' Q1 earnings
Published Mon, May 13, 2019 · 09:50 PM
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Singapore
DBS Group Research on Monday downgraded its rating on HRnetGroup to "hold" after cutting its FY19 and FY20 earnings forecast for the recruitment firm.
The brokerage cited its "disappointing" first-quarter results, as well as macro indicators which point to a more challenging hiring outlook in Singapore.
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