HRNetGroup

Tight labour market and strong performance in North Asia remain catalysts for HRnet - THE EDGE SINGAPORE

Broker's Calls

Tight labour market and strong performance in North Asia remain catalysts for HRnet

Analysts from Maybank Securities, CGS-CIMB Research and PhillipCapital have maintained their “buy” calls for HRnetGroup.

Results

HRnetGroup reports earnings of $34.6 million, to pay interim dividend of 2.13 cents

Citing its cash balance of $312.7 million, and no bank borrowings, the company says it is shielded from the impact of rate hikes

Broker's Calls

Like Singapore's hiring outlook, HRnetGroup's upside looks 'robust': CGS-CIMB

“We believe this could trickle down to the private sector in due course.”

Insider moves

Jardine Matheson's top executives buy shares; HRnetGroup steps up share buyback

"Overall, the group's outlook continues to be uncertain"

Insider moves

HRnetGroup starts $30 mil share buyback; diverging actions at Uni-Asia

HRnetGroup is seen by analysts as having a very asset-light yet cashed-up balance sheet.

Broker's Calls

HRnetGroup's share buyback programme 'strongly positive' for its share price, analysts keep 'buy'

HRnet is a beneficiary of the current tight labour market as Singapore eases its border restrictions and reopens the economy.
PhillipCapital's Chew picks banks, Singtel and coal plays - THE EDGE SINGAPORE

Global Markets

PhillipCapital's Chew picks banks, Singtel and coal plays

Banks will benefit from higher rates; coal miners will see support from new buying by the Europeans

Broker's Calls

HRNetGroup a beneficiary of the recovering economy

HRNetGroup is expected to be a beneficiary of the recovering economy.
Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International

Broker's Digest: Guocoland, Yangzijiang Shipbuilding, Keppel Corp, HRNetGroup, Hyphens Pharma International
With higher dividends and M&A on the cards, 'the best is yet to come' for HRnetGroup: analysts - THE EDGE SINGAPORE

Broker's Calls

With higher dividends and M&A on the cards, 'the best is yet to come' for HRnetGroup: analysts

“Backed by its robust net cash of $327 million, the group is well-positioned for synergistic M&A opportunity, possibly in China.”
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