JOBS: The Underlying Economy Has Bottomed; JOBS Is Well Positioned To Benefit From Upcoming Growth; Expect Better 1Q19 Results
JOBS will report 1Q19 results on May 9th after the markets close followed by a 10pm EST conference call. Based on our data and model, we believe 51Job’s 1Q19 net revenue is likely to be above consensus at RMB954.2M. As China’s PMI resumed above 50, we do believe the worst time in China’s economy has passed. As a company with its business closely related to the underlying economy, we believe that JOBS is likely to benefit from the upcoming growth. Therefore, we are optimistic for its outlook.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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