BZ: Positive On 2Q23E Performance On Meaningful Improvement In Job Market
We are positive on BZ’s performance in 2Q23. Based on our data, the job market saw meaningful improvement in 2Q23 on both a Y/Y and Q/Q basis with a higher contribution from June data. The number of total paid jobs listings on the platform is likely to increase by 27.2% Y/Y in June due to a low base caused by a lockdown in China in last year and by some level of recoveries in job market. Particularly, major companies performed better than the average, with their contribution of total paid jobs listings climbing up to 15.2% in June, vs. 14.3% in May, and 13.8% in April.
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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