Three Growth Stocks To Hold

Stable valuations & growing international business: SEEK Limited (ASX: SEK) recently announced that its New York Stock Exchange listed subsidiary Zhaopin Limited (NYSE: ZPIN) has received a preliminary non-binding proposal from a consortium comprising Sequoia China Investment Management LLP and certain executives of Zhaopin. The proposal to acquire all outstanding Class A ordinary shares and Class B ordinary shares of the company indicates a premium of 12.17% to the volume weighted average price during last 30 trading days and 14.33% premium from last 30 trading days. SEK believes that privatization would allow the company to invest heavily for the future and compete effectively in the fast changing China market without worrying about short term gains. The group also delivered a solid first half 2016 financials, reporting a 22% growth in revenue and 15% growth in EBITDA as compared to same period a year ago. In its recent interim report, the board raised the dividend by 10.5% to 21 cents per share. With earnings growth set to continue, it is likely that the dividend may rise at a steady pace supported by high operating margins and significant cash flows.

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