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《大行报告》高盛上调新东方-S(09901.HK)目标价至156元 维持确信买入名单内
阿思达克 04-28 14:56
高盛发表报告指,相信新东方-S(09901.HK)将受益於正在进行的线上线下融合(OMO)计划,长远将转变为一个全渠道的教育供应商,考虑到OMO模式扩张速度快於预期,预测2021至2025年度K-12收入的年复合增长率为29%,目标价由144元上调至156元,维持在确信买入名单内。

高盛将新东方-S的2022至2025年度收入预测上调1%,因为K-12校外辅导的收入增长良好,加上海外相关业务的复苏强劲,预计今年第四季收入将按年增长43%。但将非通用会计准则的OPM预测降低至3.6%,因教师报酬增加和增加OMO计划投资。

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