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RHB keeps ‘buy’ call on HRnetGroup following anticipated economic recovery

Ashley Lo
Ashley Lo • 3 min read
RHB keeps ‘buy’ call on HRnetGroup following anticipated economic recovery
RHB maintains 'buy' call on HRnetGroup.
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RHB Bank Singapore’s Alfie Yeo has kept his “buy” call and 84 cents target price on regional recruitment firm HRnetGroup (HRnet), following “stable” low unemployment rates in Singapore for the last quarter of 2023. 

Yeo continues to view HRnet favourably in anticipation of economic recovery within Singapore and China. 

“Our economist forecasts Singapore’s 2024 GDP growth to accelerate while maintaining strong GDP growth of 5% for China,” says Yeo. 

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