里昂:上調新高教集團(2001.HK)目標價至7.09港元 評級買入
里昂發表的研究報告指,新高教集團(2001.HK)上半年收入按年升28%,主要受惠入學人數增長及華中學校的整合,而2020/21學年入學估計最少有10%增長,略高過該行預期。除自然增長外,公司亦在雲南收購了培訓機構以擴大收入來源。該行將公司目標價由6.84港元升至7.09港元,重申買入評級。
該行指出公司現時有7所學校,2019/20學年就學人數11.87萬,按年升17%,估計2020/21年的數據將於10月尾公佈,管理層預計最少升10%。

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