You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》花旗下调枫叶教育(01317.HK)目标价至1.9元 评级「沽售」
阿思达克 05-04 09:44
花旗发表报告,指枫叶教育(01317.HK)中期经调整纯利约3.15亿元人民币(下同),按年增长12%,远低於收入按年增长38%至近11亿元,主要是由於新收购海外学校KIS和CIS利润率较低。由於受两所收购学校的利润率拖累,该行将2021至2023年度的盈利预测削减4%至8%,目标价由2元下调至1.9元,相当於未来十二个月预测市盈率7倍。评级维持「沽售」。

鉴於疫情和政府对K9学校的监管存在不确定因素的情况下,国际学校的需求面临基本面下行风险。另外,虽然受疫情影响,管理层仍然保持原本的目标,即到2025年在全球约50个城市建立学校,

拥有11万名学生,包括10万名中国学生和1万名海外学生。该行认为进一步的海外扩张亦可能会增加公司的财务负担。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account