BZ - Kanzhun: Potential Q1 Results Beat Is Overshadowed By Long-Term Concerns

2024-04-23 13:16:18 ET

Summary

• I think that Kanzhun is likely to register better-than-expected Q1 financial results which will be announced in May.
• But I have an unfavorable opinion of long-term Chinese recruitment services demand.
• A review of BZ's short-term and long-term prospects points to a Hold rating for the stock.

Elevator Pitch

I rate Kanzhun Limited ( BZ ) [2076:HK] stock as a Hold. I previously outlined my expectations for BZ's Q4 2023 and full-year 2024 financial performance in a February 6, 2024 write-up ....

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