- JOBS2020-04-15
T. H. Data Flash - 51job Inc. – March 2020 and 1Q20E: The Resumption Of Business Operations In Eastern China Benefits JOBS; Expect Positive 1Q20 Performance; New Job Postings Rebounded Significantly in March
The post Covid-19 recovery in China has been orderly and steady since February 18, 2020. Our data showed that about 70% of labor forces have returned to work and about 100% of business activities have resumed operations. Specifically, Eastern China including Shanghai, Zhejiang, Jiangsu, Anhui and Shandong led the recovery; these regions are where JOBS operates most of its business. Therefore, the company benefits from such relative rapid recovery. We are positive on JOBS’ performance in 1Q20. Ba…… - JOBS2019-11-06
JOBS: Coping With The Weakness Of China’s Economy, Which Is Toward The Bottom; Expect 3Q19 Performance To Be Within Its Guidance
JOBS will report 3Q19 results on November 14th after the markets close followed by an 8pm EST conference call. We are positive on JOBS’ performance in 3Q19. Based on multiple sets of data, we believe China’s economy is reaching its bottom. We cannot predict when the economy is likely to recover; however, we believe it may be hard to go further down. Based on our data and calculations, we believe 51Job’s revenue in 3Q19 is likely to be within the company’s guidance range of RMB 915M – RMB 955M.…… - JOBS2019-07-05
T. H. Data Flash – 51job Inc. (JOBS) – May & 2Q19E: Job Market Continues Its Weakness In China; Expect In Line 2Q19 Results
China’s economy is continuing its weaker trend with PMI below 50 in May 2019 following the same situation in April 2019. Such weakness in the underlying economy continues to put pressure on the job front. It has been the fourth consecutive quarter that the number of new jobs added nationwide was lower than the same time last year. …… - JOBS2018-12-21
T. H. Data Flash - 51job Inc. – December & 4Q18: Macro Economic Headwinds Continue To Have Negative Impact On JOBS
We are negative on JOBS into 4Q18. China’s economy is still in the process of deleveraging, which resulted in the decline for job demands. The number of newly posted listings as well as the number of unique employers on JOBS platform declined. …… - JOBS2018-11-06
T. H. Data Flash – 51job Inc. – 3Q18: Economic Headwind May Dampen The Outlook Of The Job Market
JOBS will report 3Q18 results on November 8th after the markets close followed by an 8pm EST conference call. Based on our proprietary data and calculations, we believe JOBS is likely to report 3Q18 revenue at about RMB 943M (under the new accounting method), topping the high-end of its guidance. …… - JOBS2014-11-07
T. H. Data Flash – 51job Inc. – October 2014: Job Posting Growth Slowed in 3Q14 and October
July - October 2014 Operation Data Highlights:•Job postings Y/Y growth slowed in 3Q14 and October 2014 – In 3Q14, the number of daily job postings on 51job.com declined 1.5% Q/Q or growth of 17.9% Y/Y, but slower than 18.6% Y/Y in 2Q14 (Figure 1 & 2). In October of 2014, the growth of daily job postings slowed further to 14.3% Y/Y (Figure 1 & 2).…… - JOBS2014-08-13
T. H. Data Flash – China Online Recruitment – July 2014: Continued Softness in Job Postings Growth with a Bigger Drop in Manufacturing and Higher Increase in IT
T. H. Data Flash – China Online Recruitment – July2014 Continued Softness in Job Postings Growth with a BiggerDrop in Manufacturing and Higher Increase in IT July 2014 Operation Data Highlights:In July of 2014, the number of daily job postings increased 15.1% Y/Y for JOBS (Figure 1) and 13.2% Y/Y for ZPIN (Figure 2), according to our proprietary data. Both of these growth rates were slower than the growth in 2Q14 at 18.6% and 14.4%, respectively. •JOBS: Increasing penetration into lo……
About
Contact
Careers
T.H. Capital is an independent research and investment advisory firm specializing in China. We offer 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 the China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Address:
5E, Tower D, Central International Trade Center, 6 Jianguomenwai Avenue, Beijing 100022, China
Email:services@thcapital-china.com
Do you enjoy pursuing original research in any aspect of the financial markets and have the ability to present research in a refreshing and captivating manner?
