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Kanzhun Newsroom
Kanzhun Ltd. Acquires Shares to Bolster Post-IPO Scheme
CCTV interprets a more proactive fiscal policy: next year's fiscal funding will be allocated earlier, faster, and in greater amounts.
Next year, a more proactive fiscal policy will be implemented. What measures will the Ministry of Finance take? Where will the fiscal funds be focused? What impact will this have on our lives?
GTJA: Assigns a "Shareholding" rating to Kanzhun-W (02076) with a Target Price of 64.11 Hong Kong dollars.
GTJA maintains Kanzhun's adjusted net income for 2024/25/26 at 2.801/3.517/4.202 billion yuan.
Kanzhun-W (2076.HK): Growth slows but is fully anticipated, focusing on enhancing profitability.
Report overview: Performance meets expectations, and the slowdown in growth is mainly due to fluctuations in the macro economy. The company's market share continues to improve, and profit margins will keep rising driven by economies of scale. Investment highlights: Performance meets expectations, Shareholding. The company improves efficiency.
In the third quarter, net profit reaches an all-time high, yet the stock price encounters a downturn. Does Kanzhun-W (02076) have an "expectation gap"?
Behind the divergence between performance and stock price, has Kanzhun encountered a growth ceiling, and how will it break through?
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
U.S. stock market closing | All three major indexes fell, with the Dow experiencing nine consecutive declines; Tesla rose over 3% to reach new highs, and Quantum Computing concept stocks surged again, with QUBT skyrocketing over 51%.
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
Kanzhun Ltd. Boosts Employee Incentives With Share Awards
Kanzhun Grants 599,984 Shares Under Award Scheme
Kanzhun-W (02076) awarded 599,990 shares as a reward.
Kanzhun-W (02076) issued a notice that on December 15, 2024, the company will conduct its initial public offering...
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Major rating丨Daiwa: Raises Kanzhun's Target Price to 14 USD and increases the earnings per share forecast.
On December 13, Gelonghui reported that Daiwa issued a Research Report stating that Kanzhun's Non-GAAP earnings per share in the third quarter exceeded its forecast by 10%. The firm believes that Kanzhun may become a potential beneficiary of the central government's stimulus measures. Daiwa raised its earnings per share forecast for Kanzhun for 2024 to 2026 by 2% to 6% to reflect the company's continued strict control of operating costs, maintaining a "Hold" rating, with the Target Price for U.S. stocks raised from $13 to $14, corresponding to a PE of 14 times for 2025 forecast.
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
The potential of the blue-collar market is being released, with Kanzhun achieving "double growth" in revenue and profit in Q3.
Major ratings丨Macquarie: Upgrades Kanzhun's Target Price to $18.20, third quarter performance is solid.
Macquarie released a Research Report stating that Kanzhun's performance in the third quarter is stable, with revenue meeting expectations, and adjusted Net income surpassing market expectations by 9%. Bullish on the group's user growth momentum, with the average monthly active user count increasing from 25.2% year-on-year in the previous quarter to 30%. Looking ahead to next year, management expects a boost from the improvement in the macroeconomic situation, with a projected growth of at least 15% in job seeker users, and corporate users are also expected to see a year-on-year increase, alleviating the imbalance between job seekers and companies. Macquarie noted that management reiterated the importance of profitability during the conference call, therefore believing the company will manage its spending in the future.
Kanzhun (02076.HK): Supply and demand imbalance in Q4 has slightly improved, cautious spending maintains profit stability.
The revenue for Q3 2024 basically meets the consensus expectations, and the Non-GAAP Net income is higher than the consensus expectations. The company's Q3 2024 revenue is 1.91 billion yuan, a year-on-year increase of 19%, and approximately flat quarter-on-quarter, which is in line with our expectations and the consensus.
Kanzhun Ltd. Reports Strong Q3 2024 Growth