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《大行報告》瑞信上調中教控股(00839.HK)目標價至23元 評級「跑贏大市」
阿思達克 04-30 10:49
瑞信發表報告,指中教控股(00839.HK)成功整合新收購的學校和有效控制成本,令截至2月底上半年經調整純利按年上升50.3%至7.38億元人民幣(下同),比該行和市場預測分別高出7%和15%。至於收入為18億元,按年增長38.6%,比市場預測低4%,主要因為疫情影響職業教育和全球教育的新生入學率,

預計從下半年起將迅速恢復。

另外,瑞信指,管理層將今年度經調整純利指引,由12.5至13億元上調至14至15億元。該行估計中教今年度收入將按年增長39%至37億元,經調整純利將有15億元,並看好其強大的併購管道潛力,又預計《民辦教育促進法實施條例》將於今年上半年頒布,消除民辦教育行業的監管障礙並吸引資金流入。

瑞信將中教今明兩年度每股盈利預測分別提高6%和3%,目標價由19.7元上調至23元,相當於30倍2021年度和26倍2022年度市盈率,維持「跑贏大市」評級,並指中教是該行在香港上市的教育機構中的首選。

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