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《大行報告》高盛上調新東方-S(09901.HK)目標價至156元 維持確信買入名單內
阿思達克 04-28 14:56
高盛發表報告指,相信新東方-S(09901.HK)將受益於正在進行的線上線下融合(OMO)計劃,長遠將轉變為一個全渠道的教育供應商,考慮到OMO模式擴張速度快於預期,預測2021至2025年度K-12收入的年復合增長率為29%,目標價由144元上調至156元,維持在確信買入名單內。

高盛將新東方-S的2022至2025年度收入預測上調1%,因為K-12校外輔導的收入增長良好,加上海外相關業務的復甦強勁,預計今年第四季收入將按年增長43%。但將非通用會計準則的OPM預測降低至3.6%,因教師報酬增加和增加OMO計劃投資。

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