核心观点：商业模式存在局限：集中度有限、产业链介入较薄，导致在线招聘行业较难诞生巨头。受益于媒介变革与平台设计重构，BOSS直聘实现了对前人的超越，在竞争优势与利基市场的保护下具备了较为明显的护城河。考虑账面大额现金与未来利润的潜力，当下估值具备安全边际，股东回报改善将是影响投资收益率的重要变量。首次覆盖，给予“买入”评级。我们预计公司2024-2026年收入分别为73.6/88.7/104.3...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.