- We continue to like HRnetGroup, as it is well-positioned for a recovery in 2H23 despite near-term labour market headwinds. It enjoys diversified exposure across multiple Asian economies and industries. It also has strong cash flow-generating ability, a net cash balance sheet and an attractive dividend yield, too.
- - Read this at SGinvestors.io -
FY22 earnings and revenue are slightly below our expectations
- HRnetGroup (SGX:CHZ)'s FY22 earnings and revenue are slightly below our expectations, at S$68m (+3% y-o-y; 8% miss) and S$612m (+4% y-o-y; 6% miss). Gross profit margin missed our estimates as well, by 0.9ppts to 28.5%, due to a lower contribution from the professional recruitment segment.
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- HRnetGroup declared a final dividend of 1.87 cents, representing a dividend payout ratio of ~60%. This takes its full-year dividend to 4 cents. See HRnetGroup's dividend dates.
Growth supported by the Singapore and China labour markets.
- Read more at SGinvestors.io.
