Meet HRnetGroup

 

IPOTRUST attended a meetup session by HRnetGroup today. Listed on SGX mainboard on 16th June this year, HRnetGroup is already the biggest recruitment firm with a market share exceeding 20% in Singapore. Company's top five customers are Global technology companies, Singapore banks, Telcos, International Bank and Asian Conglomerate. Currently, the company has over 1,000 consultants that spread over 10 Asian Cities. Since IPO, Company will increase its co-owner from original 22 to 404 from its employees. Each co-owner has to invest 4.8% into each unit. HRnetGroup viewed the ownership model will be able to drive growth and profitability to its business.

 

IPOTRUST formed its personal opinion about HRnetGroup after meeting the management. IPOTRUST viewed that HRnetGroup's competitive edge is in its big armor of human capital.  Because of big teams, the company can do speed recruitment and take on big recruitment projects. Other smaller recruitment firms focus on specialty recruitment either in an industry segment or unique position. There is no doubt that HRnetGroup has become the market leader in contracts and temporary staffing recruitment in business. This is a positive for the company as it is now the hiring trend.

 
With a market cap of 800 Mil, 50% net profit dividend policy, IPOTRUST viewed that HRnetGroup's value is full.