HRnetGroup

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#31
The covid-19 situation seems to be in "conflict" with the focus on data protection ? I am quite worred abt sending NRIC across unsecured email, with so many online / offline scams going on in recent years.   Huh


I think it wld be better for SGX to come out with a secured registration system maybe via the online CDP system.

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Annual Reports and related documents
https://links.sgx.com/1.0.0/corporate-an...12201d7b16

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Participate in the AGM via live webcast

1.  As  the  AGM  will  be  held  by  way  of  electronic  means,  shareholders  will  not  be  able  to  attend  the  AGM  in  person.  All  shareholders  or  their  corporate representatives (in the case of shareholders which are legal entities) will be able to participate at the AGM proceedings through a  live  webcast  via  their  mobile  phones,  tablets  or  computers,  or  listen  to  these  proceedings  through  a  live  audio  feed  via  telephone.  To  do  so,  the  shareholders  are  required  to  pre-register  their  participation  at  the  AGM  by  emailing  their  full  name  (as  it  appears  in  the  CDP  and  CPFIS  Register),  email  address  (for  receipt  of  login  credentials)  and  NRIC/Passport  Numbers  to  RSVP@boardroomlimited.com  for  verification  of  their  status  as  shareholders  (or  the  corporate  representatives  of  such  shareholders).  All  pre-registration  must  be  received  by the Company no later than 5.00 p.m. on 29 April 2020.
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#31
The covid-19 situation seems to be in "conflict" with the focus on data protection ? I am quite worred abt sending NRIC across unsecured email, with so many online / offline scams going on in recent years.   Huh


I think it wld be better for SGX to come out with a secured registration system maybe via the online CDP system.

----------------------------------------------------------------------

Annual Reports and related documents
https://links.sgx.com/1.0.0/corporate-an...12201d7b16

--------------------------------------------------

Participate in the AGM via live webcast

1.  As  the  AGM  will  be  held  by  way  of  electronic  means,  shareholders  will  not  be  able  to  attend  the  AGM  in  person.  All  shareholders  or  their  corporate representatives (in the case of shareholders which are legal entities) will be able to participate at the AGM proceedings through a  live  webcast  via  their  mobile  phones,  tablets  or  computers,  or  listen  to  these  proceedings  through  a  live  audio  feed  via  telephone.  To  do  so,  the  shareholders  are  required  to  pre-register  their  participation  at  the  AGM  by  emailing  their  full  name  (as  it  appears  in  the  CDP  and  CPFIS  Register),  email  address  (for  receipt  of  login  credentials)  and  NRIC/Passport  Numbers  to  RSVP@boardroomlimited.com  for  verification  of  their  status  as  shareholders  (or  the  corporate  representatives  of  such  shareholders).  All  pre-registration  must  be  received  by the Company no later than 5.00 p.m. on 29 April 2020.
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#32
SIAS has asked some questions with regards to its investment in Staffline, government's subsidies and the flexible staffing. These are some issues that various VBs have raised previously.

RESPONSE TO SIAS’ QUESTIONS ON HRNETGROUP LIMITED’S ANNUAL REPORT

https://links.sgx.com/FileOpen/HRnetGrou...eID=609637
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#32
SIAS has asked some questions with regards to its investment in Staffline, government's subsidies and the flexible staffing. These are some issues that various VBs have raised previously.

RESPONSE TO SIAS’ QUESTIONS ON HRNETGROUP LIMITED’S ANNUAL REPORT

https://links.sgx.com/FileOpen/HRnetGrou...eID=609637
Reply
#33
SIAS and SGX has been doing a good job of getting the companies to provide more information to shareholders. The release of AGM minutes and Q&A is also something I like. Hopefully, they such practices which push for greater disclosure will continue.

But the usefulness of disclosures depend on the willingness of board members to provide answers.

HRnet's response to SIAS, while lengthy, is not particularly helpful. Saying that business will be negatively affected is as good as not saying anything. What shareholders really want to know is how much/severe business has been affected.

No helpful answer was also given to explain their Staffline debacle. If you've been dumped by your ex-lover but you continue to spam him/her nonetheless, and you ex responds by telling you each time to go away, it wouldn't be wrong to tell your common friends that you guys were 'still in regular contact.'

The good thing is that this Staffline debacle exposed their capital allocation ability, without inflicting heavy damage to the company. Nevertheless, that's $50m that could have gone to shareholders instead.
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#33
SIAS and SGX has been doing a good job of getting the companies to provide more information to shareholders. The release of AGM minutes and Q&A is also something I like. Hopefully, they such practices which push for greater disclosure will continue.

But the usefulness of disclosures depend on the willingness of board members to provide answers.

HRnet's response to SIAS, while lengthy, is not particularly helpful. Saying that business will be negatively affected is as good as not saying anything. What shareholders really want to know is how much/severe business has been affected.

No helpful answer was also given to explain their Staffline debacle. If you've been dumped by your ex-lover but you continue to spam him/her nonetheless, and you ex responds by telling you each time to go away, it wouldn't be wrong to tell your common friends that you guys were 'still in regular contact.'

The good thing is that this Staffline debacle exposed their capital allocation ability, without inflicting heavy damage to the company. Nevertheless, that's $50m that could have gone to shareholders instead.
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#34
With our govt taking a very proactive role in the area of jobs during this period and probably moving fwd(as a result of new political climate maybe?) and also the population stance, I wonder if it will somewhat diminish the prospects of job agencies such as HRNetGrp.

I think the FY2020 earnings of HRNetGrp will reflect how resilient its earnings are during a difficult period, notwithstanding it has overcome previous crisis, e.g. SARS, GFC.

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"....The SGUnited Jobs and Skills Centres being set up around the island provide career advice and job matching services and have helped 1,300 job seekers since the first batch of eight centres started operating on July 1, said Mr Tan at the briefing, which was held at one of the centres at Kampong Chai Chee Community Club.

Eight more centres will be ready on Saturday (Aug 1), with the remaining eight to be set up by Aug 15 so that all 24 Housing Board towns have a centre.

The agency is also holding virtual career fairs online, setting up SGUnited Jobs and Skills information kiosks in areas with high footfall - the next will be at Elias Mall in Pasir Ris on July 31 - and sending out its roving career centre truck."

https://www.straitstimes.com/singapore/m...renchments
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#34
With our govt taking a very proactive role in the area of jobs during this period and probably moving fwd(as a result of new political climate maybe?) and also the population stance, I wonder if it will somewhat diminish the prospects of job agencies such as HRNetGrp.

I think the FY2020 earnings of HRNetGrp will reflect how resilient its earnings are during a difficult period, notwithstanding it has overcome previous crisis, e.g. SARS, GFC.

------------

"....The SGUnited Jobs and Skills Centres being set up around the island provide career advice and job matching services and have helped 1,300 job seekers since the first batch of eight centres started operating on July 1, said Mr Tan at the briefing, which was held at one of the centres at Kampong Chai Chee Community Club.

Eight more centres will be ready on Saturday (Aug 1), with the remaining eight to be set up by Aug 15 so that all 24 Housing Board towns have a centre.

The agency is also holding virtual career fairs online, setting up SGUnited Jobs and Skills information kiosks in areas with high footfall - the next will be at Elias Mall in Pasir Ris on July 31 - and sending out its roving career centre truck."

https://www.straitstimes.com/singapore/m...renchments
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