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野村:重申新東方(9901.HK)買入評級 目標價149港元
格隆匯 04-22 13:42

野村發表研究報吿指,最近新東方(9901.HK)公佈強勁的2021財年第三季度表現,儘管現時整個教育行業面對政策上的不穩定因素,但相信公司於行業中具有強勁的適應能力,預期市場欣賞公司的領導地位,保守的市場營銷策略,強勁的資本力量及在學前教育方面牽涉較少,維持目標價149港元,重申買入評級。

野村表示,新東方於本財年第三季收入按年升29%至11.9億美元,較公司指引為高,非通用會計準則下的營運利潤率則按年下降5個百分點至9.7%,符合市場預期,亦指雖然公司未能倖免於潛在的行業風險,但認為相關在牌照上及進一步的學費管理將打擊市場上規模較小的公司,中期將有利公司保持領導地位,亦料未來1-3個內公司將繼續跑贏同行。

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