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《大行报告》汇丰研究首予人瑞人才(06919.HK)、万宝盛华(02180.HK)及同道猎聘(06100.HK)「买入」评级 内地HR外包行业方兴未艾
阿思达克 05-24 15:08
汇丰研究发表报告,指对内地人力资源服务行业看法乐观,属修正市场不平衡的关键;并料弹性上岗及线上招聘两大板块将有最强增长展望,首予人瑞人才(06919.HK)、万宝盛华(02180.HK)及同道猎聘(06100.HK)「买入」投资评级,目标价分别45元、18元及35元。考虑低估值,该行偏好弹性合约工服务供应商人瑞人才及万宝盛华。

报告称,随着内地迈向高科技及服务导向经济,重塑了对技术员工需求。公司对所招聘员工质素及其职业经验更加重视。不过,劳工市场适应不易,企业难於填补空缺,而求职者亦面对更大竞争。这亦是HR服务外部供应商发挥作用之处,特别是专注招聘临时工及线上招聘的企业。有些情况下,它们可以三日内招聘100名员工,少於行业平均需时十日。这类行业正在崛起,但渗透率仍低,特别是相对於全球其他地方,意味蕴藏重大机遇。

汇丰料人瑞人才及万宝盛华未来两年核心纯利增长逾20%,其估值届谷底并不合理,料迎来估值重评机遇。另该行称同道猎聘是更科技及线上导向,主要向雇主提供服务,但现正转型至服务平台,并提供更多元化产品组合。

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