Goldbug100 - Hays (HAS.L) Chinese headcount to rise from 80 to 300

Hays plc first entered the Chinese market in 2006 when it acquired St George´s Harvey Nash employment agency in Shanghai., subsequently opening offices in Beijing and Suzhou. Dalian Nanjing & Shenzen are all potential cities for their plan to have a presence in 8 cities.

In October, the United Kingdom recruiter said buoyant economies in Australia and Asia boosted first-quarter results, offsetting a weak UK market amid public sector job cuts. With China being the biggest employment market it obviously makes sense to expand there.

The Sunday Telegraph has learned that the company’s board non-executive members of which include banker Lesley Knox and Alan Thomson, Hays’ chairman will meet together for the first time in China on Tuesday to discuss the expansion plan.

Alistair Cox CEO of the company has an ambition of Hays (HAS.L) become the biggest recruitment consultancy in China.

The company is in the 250 index and this expansion could push it into the FTSE 100.

Employment agencies are subject to the swings and roundabouts of the labor market which can fluctuate wildly with the world economy, but with a strong presence in China this could help Hays´s growth and share price over the next few years.

Being a long investor the fund will obviously retain it´s holding in Hays plc

HAS.L

13:04

120.60

1.30 - 1.20

Company website:
http://www.haysplc.com/

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Goldbug100 - Broker Charles Stanley chooses a couple of our picks Carillion & Hays

Broker Charles Stanley has run the microscope over constituents of the FTSE 250 index looking for key income buys and come up with five likely candidates.
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Goldbug100 picks - Carillion (LSE: CLLN.L) 328.00p +1.00p, the construction and engineering group and Hays (LSE: HAS.L) 117.50p +2.30p (recruitment) go in together with N. Brown (shopping catalogue), Marston's (pubs and brewing) and Thomas Cook (holidays)
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Charles Stanley's favourites. "Each of the above offers a yield of at least 4.0% (FTSE 250-ex investment companies historic yield 2.51%) where Charles Stanley Securities analysts are confident of a future stable or growing return," the broker note said. "The law of averages suggests that the FTSE 250 Index will again outperform in 2011. However, should the index underperform, history suggests that any underperformance is likely to be muted." "Should the FTSE 250 outperform on the basis of recovery in the UK economy into 2012 the stand-out buy from our picks is Marston's with a beta of 1.46 to the FTSE 250. Other selections that should perform well into such a scenario are Thomas Cook (0.96), Carillion (0.89), and Hays (0.87). N.Brown (0.32) may be a selection, all other considerations aside, if the FTSE 250 were to weaken. However, all our selections exhibit the common characteristics of high, strong and sustainable yield," the note concludes.
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Hays plc LON:HAS) Watch this stock - website http://www.haysplc.com/

Carillion plc (LON:CLLN) Watch this stock - website http://www.carillionplc.com