0723 GMT - HRnetGroup's growth outlook appears positive, driven by likely more job placements and hiring, RHB Research's Alfie Yeo says in a research report. Singapore's labor situation seems mostly positive, particularly among professionals, managers, executives and technicians, the analyst says. Hiring sentiment in 4Q should improve based on the Singapore Ministry of Manpower's business expectations' polls conducted in July-September, the analyst says. Longer-term growth will probably be supplemented by the recruitment agency's recent expansion into Vietnam, which gives it opportunities to hire IT engineers, data scientists, and product teams across various sectors. RHB maintains the stock's buy rating and target price of S$0.85. Shares are unchanged at S$0.715. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 12, 2025 02:23 ET (07:23 GMT)
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