里昂:维持新高教集团(2001.HK)“买入”评级 目标价4港元
里昂发表报告指,新高教集团(2001.HK)
今年上半年业绩表现稳固,纯利按年上升34%至2.01亿元人民币。收入则按年增长101%至5.01亿元人民币,对比该行预期为上升90%,强劲增长主要由于河南、东北和广西学校的整合,及学生入学和学费的自然增长。
该行表示,集团在今年8月成功整合华中学校,目前总入学人数约9.4万人。由于受高等教育利好政策所推动,料集团的学费可进一步上升,入学人数亦会增加。
里昂调整对新高教的盈利预测以反映其学校整合,基于市盈率
对盈利增长率(PEG)0.47倍,或2021年预测市盈率9倍计,股份目标价由5.9港元降至4港元,评级维持“
买入
”。
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