HRnetGroup - CGS-CIMB Research 2021-11-19: NDR (Non-Deal Roadshow) Highlights

HRnetGroup - NDR (Non-Deal Roadshow) Highlights

  • We hosted a virtual non-deal roadshow (NDR) for HRnetGroup (SGX:CHZ) where it shared the current hiring sentiment in its key markets, and the outlook for 2022F.
  • HRnetGroup’s volumes are currently seeing good momentum; it expects further traction as borders reopen and companies ramp up bench strength.
  • On 19 Nov, HRnetGroup announced a special dividend of 1 cents, the first since its IPO in 2017.
  • Reiterate ADD call on HRnetGroup with an unchanged target price of S$1.15.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @

Kenneth TAN CGS-CIMB Research | LIM Siew Khee CGS-CIMB Research | 2021-11-19

Read also CGS-CIMB's most recent report:
2022-08-12 HRnetGroup - Hiring Still Robust In 1H22.

Previous report by CGS-CIMB:
2022-07-06 HRnetGroup - Labour Shortage A Boon.

Price targets by other brokers at HRnetGroup Target Prices.
Listing of research reports at HRnetGroup Analyst Reports.

Relevant links:
HRnetGroup Share Price History,
HRnetGroup Announcements,
HRnetGroup Dividends & Corporate Actions,
HRnetGroup News Articles

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