Andrew Bassat apears optimistic on SEEK's domestic and international growth prospects
Andrew Bassat apears optimistic on SEEK's domestic and international growth prospects. Domestically, Bassat says his isn't concerned by new market entrants such as Linkedin and remains focused on the job of matching people to opportunities. In our space there are always new entrants... We've managed to continue to grow our share as a result of continuing to evolve our product and service. SEEK currently accounts for 25% of all job placements in the domestic market and Bassat says his goal is to increase that figure to 100%. On international expansion, Bassat points to the opportunity in emerging economies such as China, South East Asia, Brazil and Mexico. SEEK owns 79% of recently listed Chinese jobs board Zhaopin. We're hoping in a few years time that Zhaopin can be a bigger business than our Australian business. As for domestic growth in FY15... Bassat says, we're starting to see early signs. (VIEW LINK)
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