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PhillipCapital's Chew keeps 'accumulate' call on HRnetGroup along with 78 cents target price

The Edge Singapore
The Edge Singapore  • 2 min read
PhillipCapital's Chew keeps 'accumulate' call on HRnetGroup along with 78 cents target price
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Paul Chew of PhillipCapital has kept his "accumulate" call and 78 cents price target on HRnetGroup following its 1HFY2025 earnings that came in within his expectations.

For the half year ended June, the regional recruitment firm adjusted patmi of $25.7 million, up 24% y-o-y, with some support from grants.

The company increased its interim dividend to 2 cents, up 11%, representing a payout ratio of 67%.

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