近期行業政策基本不涉及高教板塊 多家機構籲逢低買入高教股 首推新高教集團(2001.HK)
近期,教育部等五部門出台《關於進一步加強和規範教育收費管理的意見》的通知,《意見》中表明要完善教育收費治理工作,重點加強對非營利性民辦學校的審計。之後中央全面深化改革委員會第十五次會議也通過了《關於新時代振興中西部高等教育的若干意見》和《關於規範民辦義務教育發展的實施意見》,會議指出政府應確保義務教育的“非營利性”特質,加強對公辦義務教育的支持。
幾項行業政策出台對教育行業部分公司影響較大,多支業務涉及義務教育的教育股受政策影響一度暴跌超20%,高教股也被“誤傷”,隨大市收跌。政策出台後,幾家券商發表研報進行了分析。
中泰國際:建議逢低吸納高教公司 關注新高教和希望教育
針對《關於進一步加強和規範教育收費管理的意見》的通知,中泰國際最新發布研報強調,高等教育板塊的政策較明朗,風險較低,《意見》對高教板塊不受影響。
中泰國際稱,近年政府還頻頻出台扶持民辦高教的政策。近期高教公司的半年報業績也顯示學生人數穩健增加,運營效率不斷提高。今年獨立學院開啟轉設工作,將利好高教集團淨利潤增長。建議逢低吸納高教公司,關注新高教和希望教育。
招商證券國際:對所覆蓋的高等教育公司重申“買入”評級 首選新高教集團(2001.HK)
招商證券國際發佈報告表示,近期關於義務教育民辦學校的規範性政策使K-12股票顯著下跌;雖然K-12風險依然存在,但對高教板塊的影響呈中性,並認為最近的政策不會對高教板塊公司產生影響;該行對高等教育行業的光明前景感到樂觀。
招商證券國際指出,義務教育“非營利性”政策基調保持不變,K-12學校未來擴張,獨立運營,以及收益和現金的分配方面不確定性繼續存在。但在高教方面,預計上市公司所擁有的學校都將在2022/23年左右選擇“營利性”,因此最近的政策強調不會對高教板塊公司產生影響。現有的高教板塊的政策基調仍然是支持性的,例如職業教育和專升本的擴招。另外,“會議”明確強調了對中西部地區的扶持政策,這將利好擁有這些地區資產的高教公司,例如新高教集團和希望教育。
招商證券國際對高等教育行業的光明前景感到樂觀,近期強勁的2020財年中期業績也印證了該行的觀點。招商證券國際維持對高等教育公司的買入評級,首選新高教、希望和科培。
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.