中教控股(00839.HK)料下半年併購兩項目 未來兩年有足夠現金流進行併購
中教控股(00839.HK)投資者關係總監郭盈瑩表示,目前有77個併購項目儲備,7個在手項目中,部分已達成意向,預計下半年將進行2個併購項目,在校生規模約一至兩萬人或以上,以本科為主。
問及每年維持2至3個併購項目會否帶來融資需要,集團首席財務官莫貴標在業績記者會上表示,至今年2月尾,集團有50億元人民幣(下同)現金儲備,並在1月完成配股集資,今年現金流已提升至20億元,為未來兩年併購提供足夠子彈。而現時融資渠道包括銀行貸款、可轉債及配股,公司亦有研究在未來發債可行性,並有信心未來整體毛利率維持在60%以上。
她預計,內地的民辦教育政策將於短期落地,對於市場一度擔心會限制教育機構併購及關聯交易亦沒有在最終稿提及,利好高教行業。對於內地加快建設現代職業教育體系,集團以職業本科為主,未來亦會尋求發展職業中等專業和職業高中的機會。
她提到,集團每年基礎學費升幅約5%,過去一年主要學費增長主要來自熱門專業,未來會開拓高收費和高附加值教育服務,例如國際教育服務和行業學院服務,有望提高平均學費升幅水平至8%。
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