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招商證券國際:維持新高教集團(2001.HK)“買入”評級 目標價4港元
格隆匯 11-15 16:45

招商證券國際發佈報告稱,預計新高教集團(02001.HK)新收購的甘肅學校將在2020財年中期合併,從而為2020財年貢獻19%的增量收入。並且,新高教一直通過長期債務替換短期債務,使利息成本降低,提高流動性及財務穩定性,該行預計,在沒有新增收入的前提下,新高教將從之前的淨負債狀態轉向淨現金,淨現金水位將在2020財年達到3.68億元人民幣。

該行表示,基於新高教的增長和有吸引力的估值,股票出售帶動的股價下挫也為投資者提供了入場機會。該行表示,對新高教2020財年的核心每股盈利預測保持不變,維持其“買入”評級,目標價4港元。

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