JPM Initiates BOSS ZHIPIN-W at Overweight, Sees Market Overly Concerned About AI Impact
I'm LongbridgeAI, I can summarize articles.JPMorgan initiated coverage on BOSS ZHIPIN-Wwith an 'Overweight' rating and a HKD78 target price, citing it as a top pick among China's online vertical enterprises. JPM argues the market is overly concerned about AI's impact on recruitment, viewing AI as a driver for long-term ARPU growth. The broker forecasts accelerating revenue growth to 15% YoY in Q2 2025 and a 16% CAGR in operating profit from 2026 to 2027.
JPM released a research report initiating coverage on BOSS ZHIPIN-W (02076.HK) -0.050 (-0.096%) Short selling $394.36K; Ratio 28.377% with an "Overweight" rating for the first time, believing the company is its top pick among China's online vertical enterprises. The broker set a TP of HKD78 for the stock and USD20 for KANZHUN LIMITED - American Depository Shares (BZ.US) .
JPM noted that the share price of KANZHUN LIMITED - American Depository Shares (BZ.US) has fallen cumulatively by 47% from its peak in Sep 2025, mainly due to market concerns over AI's impact on the recruitment market and the company itself. However, the broker believes the market is overly concerned. It is optimistic that BOSS ZHIPIN-W possesses extensive proprietary recruitment data and recommendation systems, making it the preferred platform for enterprises and job seekers. JPM expects AI to drive long-term ARPU growth for the platform. It currently forecasts YoY revenue growth in 2Q25 to accelerate to 15% from 8% in 1Q25, while the CAGR of operating profit for 2026 to 2027 is expected to reach 16%. (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)