Kanzhun: Focus On The Fundamentals

Kanzhun remains a buy as core business growth, white-collar hiring recovery, and expanding customer base support long-term upside. BZ's AI-driven revenue is now meaningful, growing faster than the core platform and enhancing monetization potential beyond traditional recruitment services. Valuation has compressed to ~10.6x NTM PE, despite consensus projecting ~30%+ revenue growth over 24 months and sector-leading fundamentals.