Shares of Kanzhun Limited, a leading online recruitment platform in China, surged 6.44% on Thursday amid growing demand for its services. The stock's rally came as investors recognized Kanzhun's robust financial performance and potential for future growth.
According to recent earnings reports, Kanzhun has demonstrated impressive revenue and income growth. The company's net income rose to CNY 666.68 million from CNY 342.26 million year-over-year, while revenue increased to CNY 3,620.5 million from CNY 2,765.16 million in the same period. This strong financial performance is driven by the increasing popularity of online recruitment services in China, particularly in the post-pandemic era.
Analysts project Kanzhun's earnings to grow at an annual rate of 21%, outpacing the broader market forecast. This optimistic outlook, combined with the company's significant undervaluation based on discounted cash flow analysis, has fueled investor confidence in the stock's potential for further upside.
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