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A Blip on an Attractive Stock ( Business Times)
May 14, 2019
DBS Group research recently downgraded HRnet group to “hold”, after cutting its FY2019 and FY2020 earning forecast.
My long-term view for the company is that its valuation continues to be attractive. HRnet’s strong cash position also allows ample buffer to be a choice paymaster, enabling it to pay the temp/flexible staff, which it hires on behalf of its clients first, before collecting receivables from the client. This is a service that many companies may not be able to undertake.