Kanzhun: AI Risk Looks Too Discounted For This Recruitment Platform

I rate Kanzhun Ltd. (BZ) a buy, as the market underestimates AI’s positive impact on BZ’s recruitment platform. BZ’s two-sided scale and direct chat model create defensible network effects, making it difficult for competitors to replicate its value proposition. Growth will be driven by converting more of BZ’s 36.8 million verified enterprise users into paid customers, especially among SMEs and blue-collar employers. At 10x NTM PE and with mid-teens earnings growth, BZ offers ~50% upside over five years if it executes on monetization and AI-driven improvements.

I am giving Kanzhun Ltd. ( BZ ) a buy rating. My view is that the market is treating AI as a disruption risk for BZ, but the current evidence points more toward improving BZ’s matching and This article was written by Jay Capital 1.51K Followers Follow I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.