麦格理:升希望教育(1765.HK)目标价至1.95港元 维持“跑赢大市”评级
麦格理发表报告表示,希望教育(1765.HK)
今年至今公布五项并购计划,在同业中最快;该行预期公司今年下半年在新收购的贡献下,收入及纯利增长可别达56%及487%,同时调整对其2019至2021年每股盈利预期分别-11%、+15%及+16%。
该行称,维持对希望教育“
跑赢大市
”评级,目标价由1.7港元升至1.95港元,此按现金流折现率作估值。
麦格理指,希望教育上半年收入及纯利分别上升13%及83%,均逊于该行预期,但毛利率按年升378点子至53.1%,主因效率改善,营运毛利率扩阔17.9个百分点至43.4%,高于预期,主因去年录上市开支。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.