HRnetGroup is the largest recruitment agency in the Asia Pacific, excluding Japan. It operates 11 brands in 10 Asian cities, which comprise Singapore, Kuala Lumpur, Bangkok, Hong Kong, Taipei, Guangzhou, Shanghai, Beijing, Tokyo, and Seoul. The company is headquartered in Singapore. In his note, Yeo says the economies for most of HRnetGroup’s operating markets in Asean as well as China will do well in 2026. This will result in more job placements and hiring activity, thus driving business.
RHB Bank Singapore analyst Alfie Yeo has maintained his “buy” call and 85 cents target price for the Asia-based recruitment agency, HRnetGroup. According to Yeo, HRnetGroup is attractive because of its “strong cashflow generation abilities and net cash balance sheet.”
“With growth anticipated on the back of improving economic outlook driven by firm GDP growth regionally, we expect HRNET to benefit from more permanent and flexible staffing placements going forward,” Yeo says in his Dec 11 note.
