Download
Download by
Scanning QR Code
  • Download app

    Download app

  • Online Inquiry

    Log in to access Online Inquiry
+
Congratulations
You've successfully got advanced quotes worth 5000 HKD
Download APP >>

《大行報告》大摩普遍下調教育股目標價 降希望教育(01765.HK)評級至「減持」

即市頭條 ·  {{timeTz}}

摩根士丹利發表研究報告指,今年內地高中學術輔導及考試準備職業輔導的監管仍然存在,預期正規職業教育將是主要支持領域,在新監管框架下各教育機構將繼續重組業務,當中看好中國東方教育(00667.HK)、科培教育(01890.HK)、宇華教育(06169.HK)及中匯集團(00382.HK),評級「增持」。

報告指,內地監管將繼續側重於令初中教育更加公平,減輕學生學習和家庭支出的負擔,提升高等教育質量,提高職業教育的規模和質量,並提供監管和財政支持。同時,內地當局預期將推出更多支持措施,例如職業高考及分數制度,提高技能培訓水平,但預期今年職業考試準備培訓業務監管會持續收緊,令競爭更加激烈。

大摩估計,教育機構2022財年盈利前景保持穩定,利潤增長約14%至30%,上半年併購活動較少,市場對營利性註冊情況較為擔憂,但隨著對正規職業教育更多支持性措施實施,下半年或迎來行業重估機會,維持盈利預測不變,但將估值折讓10%以反映營利性註冊制度的不確定性。

大摩將希望教育(01765.HK)及好未來(TAL.US)的評級由「與大市同步」降至「減持」,目標價分別降至1.4港元及3.5美元。

This page is machine-translated. Futubull tries to improve but do not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.

Risk disclosure: The above content only represents the opinion of the authors or guests, and does not represent any positions of Futu or constitute any investment advice on the part of Futu. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers where necessary. Futu makes every effort to verify the authenticity, accuracy, and originality of the above content, but does not make any guarantees or promises.

Back to the Top