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HRnetGroup Ltd.
(SGX:CHZ)
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Rating:66Neutral
Price Target:
S$0.79
â–˛(7.81% Upside)
Action:Downgraded
Date:08/28/26
The score is mainly supported by strong balance-sheet strength and solid cash conversion, plus an attractive dividend yield. Offsetting these positives are the sharp TTM revenue decline and margin compression, alongside weak technical momentum (sub-50 RSI and negative MACD), which elevate near-term performance risk.
Positive Factors
Very low leverage
Minimal leverage gives HRnetGroup financial flexibility to absorb cyclical hiring conditions, maintain operations and invest without heavy interest burdens. This resilience is valuable when recruitment demand weakens.
Negative Factors
Sharp revenue contraction
A large revenue decline signals meaningful softness in employer hiring demand and reduces operating scale. If sustained, weaker volume could pressure market position, limit investment capacity and make earnings recovery dependent on a broader recruitment cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage gives HRnetGroup financial flexibility to absorb cyclical hiring conditions, maintain operations and invest without heavy interest burdens. This resilience is valuable when recruitment demand weakens.
Read all positive factors
HRnetGroup Ltd. (CHZ) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$706.19M
Dividend Yield5.87%
Average Volume (3M)201.55K
Price to Earnings (P/E)16.4
Beta (1Y)0.29
Revenue Growth0.69%
EPS Growth-16.38%
CountrySG
Employees1,136
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding989,098,750
10 Day Avg. Volume345,220
30 Day Avg. Volume201,550
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)1.83
Price to Sales (P/S)1.26
P/FCF Ratio13.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.82Price Target Upside12.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$599.95M
HRnetGroup Ltd. Business Overview & Revenue Model
Company Description
HRnetGroup Limited, an investment holding entity, primarily focuses on delivering comprehensive recruitment and staffing solutions across Singapore, Hong Kong, Taiwan, mainland China, Japan, South Korea, Malaysia, Thailand, and Indonesia. The comp...
How the Company Makes Money
HRnetGroup primarily makes money by providing recruitment and staffing services to client companies. A key revenue stream is permanent placement recruitment, where the company earns a placement fee when it successfully sources and places a candida...
HRnetGroup Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
83
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 580.64M | 584.01M | 567.00M | 578.47M | 611.77M | 590.54M |
| Gross Profit | 123.81M | 50.93M | 122.21M | 138.97M | 174.15M | 174.90M |
| EBITDA | 46.70M | 47.87M | 64.43M | 86.39M | 95.76M | 94.37M |
| Net Income | 42.96M | 51.19M | 44.52M | 63.56M | 67.53M | 65.49M |
Balance Sheet | ||||||
| Total Assets | 496.79M | 503.78M | 482.28M | 479.94M | 483.99M | 530.31M |
| Cash, Cash Equivalents and Short-Term Investments | 326.71M | 336.60M | 327.14M | 333.37M | 331.15M | 350.32M |
| Total Debt | 13.05M | 14.71M | 13.71M | 10.54M | 9.86M | 12.85M |
| Total Liabilities | 85.26M | 89.70M | 88.10M | 87.00M | 105.76M | 142.45M |
| Stockholders Equity | 398.31M | 402.12M | 378.84M | 376.61M | 361.82M | 370.24M |
Cash Flow | ||||||
| Free Cash Flow | 42.92M | 52.70M | 49.43M | 55.40M | 73.70M | 51.30M |
| Operating Cash Flow | 47.31M | 57.17M | 51.60M | 57.59M | 75.24M | 52.68M |
| Investing Cash Flow | -14.58M | -11.34M | -12.76M | -17.66M | -29.53M | -24.57M |
| Financing Cash Flow | -40.99M | -40.46M | -51.47M | -51.38M | -83.23M | -34.85M |
HRnetGroup Ltd. Technical Analysis
Negative
0.73
Price Trends
0.74
Negative
0.74
Negative
0.73
Negative
Market Momentum
>-0.01
Positive
32.21
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CHZ, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.74, and above the 200-day MA of 0.73, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.21 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CHZ.
HRnetGroup Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
SG:CHZ
HRnetGroup Ltd.
0.72
0.05
6.88%
SG:40W
ZICO Holdings Inc.
0.06
0.02
67.65%
SG:5FW
Acesian Partners Limited
0.03
-0.01
-28.57%
SG:5WF
ISOTeam Ltd
0.07
-0.01
-17.07%
HRnetGroup Ltd. Corporate Events
HRnetGroup Boosts Profit, Cash-Funded Dividends and Market Liquidity Drive
Aug 14, 2026
HRnetGroup strengthened its operating platform in the first half of 2026, with operating profit before tax rising 10% to S$20.2 million, a higher gross margin of 21.3% and lower operating expenses. Flexible staffing volumes recorded a post-pandemi...
HRnetGroup Restructures Subsidiary Holdings With New Malaysian Unit
Aug 12, 2026
HRnetGroup has incorporated a new wholly owned subsidiary, HRnet Assets Sdn Bhd in Malaysia, with a modest initial share capital, reflecting continued regional structuring of its operations. The move underscores the Group’s ongoing expansion...
HRnetGroup Transfers Treasury Shares for Directors’ Remuneration
Aug 12, 2026
HRnetGroup Ltd. has transferred 114,380 ordinary shares held in treasury to certain Group directors as part of their 2026 directors’ fees, issuing these remuneration shares in lieu of cash payments. The placement reduced treasury shares from...
HRnetGroup’s Octomate Wins Mandai Wildlife Group Workforce Management Deal
Jul 21, 2026
HRnetGroup’s Octomate platform has secured a contract from Mandai Wildlife Group to implement an integrated cloud-based time attendance and approval system for full-time and part-time staff across the Mandai Wildlife Reserve. The deployment ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.