This Chinese human resources company beat analysts’ estimates by $0.15 in its latest quarter and Wall Street expects the company to grow by more than 24% in the next year.
51Job (JOBS)
From Cabot Emerging Markets Investor
51Job (JOBS) pulled back to its 50-day line in the second half of April, but its action since then has been outstanding, with the stock ripping to new highs on the backs of a terrific Q1 report. Local currency revenues boomed 34%, (including a 31% gain in its core online recruiting segment), with U.S. dollar earnings per share up 20% and management guiding toward a 40% gain in revenues in Q2. (Analysts see earnings up 28% this year and another 26% next.) With the stock catapulting to new highs on great volume, we’ll go back to Buy A Half. We could try to fill out our position (buy another half) if JOBS pauses or pulls back for a couple of days. BUY A HALF.
Paul Goodwin, Cabot Emerging Markets Investor, www.cabotwealth.com, 978-745-5532, May 10, 2018