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港股异动 | 宇华教育(06169)升9%领跑高职教股 机构指学额提升有助于估值修复拐点提前到来

Changes in Hong Kong stocks | Yuhua Education (06169) rose 9%, leading higher vocational education institutions, indicating that higher student quotas helped repair valuation inflection points arrived early

Zhitong Finance ·  Jun 15, 2022 14:35

The Zhitong Finance App learned that the education sector rose during the day, and higher vocational education stocks continued to rebound, with Yuhua Education (06169) and Hope Education (01765) showing the highest gains. Huatai said that the increase in tuition quotas has strengthened the market's confidence in the continued endogenous growth of private higher education, which will help improve sector liquidity and the inflection point of valuation repair arrive early. As of press release, Yuhua Education (06169) rose 8.73% to HK$1.37; Hope Education (01765) rose 7.02% to HK$0.61; China Oriental Education (00667) rose 6.98% to HK$4.14; China Education Holdings (00839) rose 6.26% to HK$7.81; and Zhonghui Group (00382 rose) 5.43% to HK$2.72.

According to a recent review by Huatai Securities, the increase in tuition quotas has strengthened the market's confidence in the continued endogenous growth of private higher education, which will help improve sector liquidity and the inflection point of valuation repair arrive early. According to Shen Wan Hongyuan, the catalysts for the recent rise in stock prices include: 1) The release of enrollment plans for various university companies in June. The number of students enrolled and the average tuition fee growth all maintained an increase of more than 5%, ensuring that the revenue growth rate increased by more than 10% in FY23. 2) There has been substantial progress in the selection of for-profit schools to allay market concerns about the market-based operation of schools.

Shen Wan Hongyuan said that when we count the number of special upgrade enrollment plans of seven higher education companies, the average increase reached 96%, an increase of 13 percentage points over the 83% growth rate last year. We expect the enrollment growth of higher education companies to remain around 10-15% this year, compounded by the increase in tuition fees. The average revenue growth rate will remain at 15-20%.

The translation is provided by third-party software.


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