Two words – artificial intelligence.
AI is up there with renewable energy and rare earths as a potential gold mine for investors who manage to jump on the right bandwagon at the right time.
And online employment classifieds platform SEEK Limited (ASX: SEK) certainly has its finger on the AI pulse – using a machine learning algorithm to help users to find more relevant adverts and snag a broader cross-section of the job seeker market.
Seek shares are hovering in 52-week high territory and about 35x FY18’s estimates – but its overseas expansion strategy and generous dividend pay-outs are pluses too.
Peers like REA Group Limited (ASX: REA) and Domain Holdings Australia Ltd (ASX: DHG) help to keep Seek on its toes with REA Group shares up 0.3% to $88.20 at the time of writing and Domain up 1.2% to $3.19.