HRNetGroup

HRnet is presently trading at what Seet calls a “modest” 11.7x FY2021 P/E compared to its 15x P/E its peers are trading at.

Earnings of professional services firm HRnetGroup plunged by 9.2% to $49.8 million in FY2020, from $50.9 million in FY2019

CGS-CIMB Research has maintained their ‘buy’ rating and target price of 63.5 cents for recruitment firm HRnetGroup Limited

Despite the macro uncertainty, CGS-CIMB reckons HRnetGroup is well-positioned to benefit from job creation.

The lower analyst forecasts come after the recruitment company posted a weak set of results in 1H FY20 ended June 30.

HRnetGroup's key markets – Singapore and China – are expected to see weak hiring.

SINGAPORE (Nov 8): Mainboard-listed recruitment firm HRnetGroup saw its earnings fall 4.9% to $12.0 million for 3Q19 ended September, from $12.6 million a year ago.

SINGAPORE (Sept 9): Singapore Exchange Mainboard-listed recruitment company HRnetGroup, which has built a strong presence in Asia, can now consider the UK a key market segment as well after it made what it called an opportunistic acquisition.

SINGAPORE (June 14): CGS-CIMB Research is keeping HRnetGroup at “add” but with a lower target price of $1.01 compared to $1.03 previously.

SINGAPORE (May 14): DBS Vickers Securities is downgrading its call on HRnetGroup to “hold” from “buy” with a lower price target of 85 cents compared to $1.05 previously on expectations of a weaker Singapore jobs market, which is believed to drag o