0501 GMT - HRnetGroup's earnings growth outlook seems dim, RHB Research's Alfie Yeo says in a research report. The Singapore-listed recruitment and HR solutions provider's 1H earnings missed RHB's estimates, mainly owing to lower government grants. Also, the company's 1H topline in 1H was weighed by lower-than-expected number of permanent placements and lower value placed for professional recruitment and flexible staffing. RHB cuts its 2026-2028 earnings forecasts for HRnetGroup by 12% each year, and lowers the stock's target price to 0.86 Singapore dollar from S$0.91 with unchanged buy rating. Shares are 0.7% lower at S$0.735.
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