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.
花旗:輕資產模式驅動K12及高等教育業務發展 上調睿見教育(6068.HK)目標價至5.3港元 評級“買入”
格隆匯 05-06 11:42

花旗發研報指,睿見教育(6068.HK)2021財年上半年核心淨利潤按年增長28%,主要由於期內收入增長17%,以及核心淨利潤率提升2.9個百分點至34.7%所推動。期內,在校學生人數同比增長23%至73931人(高中學生佔22%),人均學費和住宿費增長了1%至1.1萬元人民幣,毛利率穩定在46.6%。

花旗還稱,睿見教育的管理層預期未來三年收入年複合增長率可達逾15%,加上盈利能力持續改善,估計核心淨利潤年複合增長率超過20%。此外,睿見教育以輕資產模式發展K12及高等教育,公司將在在廣東推出兩所K12學校,學生名額分別為6880和4396名;並且正在四川巴中建設一所佔地500畝、一期投資10億元人民幣及可容納6000名學生的民辦高等教育學院(預計將於2022年9月開始運營)。管理層還稱,他們正在尋找針對高等教育學校的潛在併購交易。 

花旗指出,睿見教育以輕資產模式發展K12及高等教育,學生人數增幅穩健,考慮到未來將透過收購拓展高等教育業務,將2021至2023年核心盈利預測上調2-3%,將目標價由5.1港元升至5.3港元,維持“買入”評級。

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