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花旗:升中国科培(1890.HK)目标价至5.4港元 评级“买入”
格隆汇 01-14 14:34

花旗发表报告表示,中国科培(01890.HK)斥14.5亿元人民币收购民办普通本科院校哈尔滨石油学院,相当于其2020年EV/EBITDA倍数的10.9倍,认为交易估值合理,加上公司斥资1.4亿元人民币投资合营,收购大学牌照,预期未来可以合理价钱收购余下55%。

该行表示,决定上调中国科培2020及2021年盈利预期分别12%及14%,将目标价由4.6港元升至5.4港元,此相当预测市盈率16倍(此前予其估值15倍),维持“买入”投资评级,认为未来仍有收购机会。

花旗称,学校目前的学生人数有9,366人,公司管理层预期未来会续有增长,而今学年学校学费提升9%,管理层预期仍有10%的升幅,同时目前学校的空间可容纳2万名学生。

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