HRnetGroup - RHB Research 2025-10-27: Anticipating Recovery Ahead; Keep BUY

• We continue to like HRnetGroup (SGX:CHZ) for its strong cashflow generation abilities, net cash balance sheet, and growth on the back of improving economic outlook, especially in Singapore.
• - Read this at SGinvestors.io -
• Valuation is undemanding – HRnetGroup's share price is trading slightly above its historical mean forward P/E of 13x, with an attractive dividend yield.

Anticipate more placements on the back of a more positive economic outlook.

• - Read this at SGinvestors.io -
• HRnetGroup is also growing into more cities, having recently expanded into Vietnam, which enables it to leverage on the strong economy (GDP growth rate of 7% in 2024) to provide HR services for the hiring of IT engineers, data scientists and product teams across its government, banking and finance, media, and healthcare sectors.

1H25 earnings below.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2026-03-16 HRnetGroup - Regional Markets Supporting Growth; Maintain BUY.

Previous report by RHB:
2026-01-29 HRnetGroup - Adding More Value To Customers; Keep BUY.

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 Dividend Payout Dates & Corporate Actions,
HRnetGroup News