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大行評級 | 花旗:上調新高教集團(2001.HK)目標價至5.1港元 評級“買入”
格隆匯 05-11 14:17
格隆匯5月11日丨花旗近日發佈研報稱,新高教集團(2001.HK)以人民幣3.85億元收購河南學校剩餘45%股權,對應2019年14倍市盈率或者2020年10倍市盈率。花旗指出,本次進一步收購價格遠低於行業平均水平且估值吸引,加上學校利潤快速增長,該行認為這是一筆很好的交易。花旗調升集團2020至2022年盈利3-5%,以反映2019年業績亮麗、本次河南學校成功收購、之前的新疆學校撥備回撥,以及董事長的近期增持,均增強投資者的信心。花旗認為,隨着新高教集團的基本面改善,加上可觀的利潤增長,集團與同業的估值差距將會收窄。將目標價從3.5港元升至5.1港元,維持 “買入”評級。
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