BZ: Positive On 2Q24 Performance Driven By Growth In Services Sector
We are positive about BZ’s performance in 2Q24. The total paid job listings on BZ’s platform are likely to grow 2.5% Y/Y in 2Q24E. The Services sector, as 14% of total job listings, grew 21.3% Y/Y. The job listings of other smaller listing contributing sectors - Agriculture, Transportation & Logistics, and Auto - are likely to grow 38.9% Y/Y, 25.8% Y/Y, and 23.1% Y/Y, respectively.
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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