The OBS project involves implementing its workforce management system by centralising roster scheduling and leave planning functions. The solution is provided on a real-time mobile-responsive interface and helps in assigning instructors to work events based on their certified skills and availability, streamlining the management of complex work rotations and leave requests.
The contract with SDC involves implementing an integrated cloud services system to streamline its human resources functions, centralising time management, attendance, leave, absence and payroll processing.
While project values have not been disclosed, Yeo believes that both projects are not expected to materially impact HRnetGroup’s FY2026 earnings.
HRnetGroup started Octomate back in 2023 to build up a complementary revenue stream. It has over 15,000 daily active users and is used by companies in the logistics, FMCG, oil & gas, staffing and manufacturing sectors.
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“While in its early days, Octomate has the potential to service its regional client base and grow from there,” says Yeo.
Meanwhile, according to the Ministry of Manpower’s November 2025 monthly unemployment situation report, the overall unemployment rate remained stable at 2%, with citizen unemployment at 3.1% and resident unemployment at 2.9%.
The ministry anticipates the unemployment rate to remain stable, despite ongoing global economic uncertainties and trade tariffs.
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Yeo sees HRnetGroup’s near-term growth to be driven by firm GDP growth regionally, where it can benefit from more permanent and flexible staffing placements.
“HRnetGroup’s valuation is undemanding, with the counter trading near its historical mean forward P/E ratio of 13 times, with an attractive dividend yield of 6% FY2026 yield,” concludes Yeo.
As at 10.00am, shares in HRnetGroup are trading down 0.5 cents, or 0.67% lower at 74 cents.
