Gelonghui, January 12 | Tianfeng Securities Research Report pointed out that as a leader in education services in South China, Thinking Music Education (1769.HK) responds positively to policy calls and comprehensively promotes quality education courses. Along with the gradual adjustment and maturity of operations and the gradual expansion of outlets, the market share is expected to continue to increase. Referring to the comparable average, the company was given a reasonable 15-20xPE in 24 years, covered for the first time, and gave a “buy” rating, corresponding to the target price of HK$4.28-5.71. The bank believes that after 3 years of double downsizing, future enterprise development will have a relatively stable external environment; at the same time, leading enterprises have significant advantages. After experiencing the impact of the epidemic and under current policy supervision, small and medium-sized institutions with slightly poor qualifications may gradually be cleared. With leading brand trust endorsements and resource support, it is beneficial to gain greater market share.