Zhitong Financial APP learned that Morgan Stanley released a research report saying that it had a "overweight" rating on Zhongjiao Holdings (00839), with a target price of HK $8. The enrollment of the company in the 2022x23 academic year reached 78200, an increase of 32% over the same period last year, of which undergraduate enrollment increased by 46% to 36500, exceeding market expectations.
The bank believes that the above events will further raise the market's growth forecast for the company's fiscal year 2023, while estimating that enrollment in fiscal 2023 will grow by 12% year-on-year, 5% higher than expected, and believes that the stock price will outperform the market in the next 15 days.