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民促法正式落地,教育板塊大漲,機構大行怎麼看?

uSMART盈立智投5月17日消息,國務院總理李克強簽署國務院令,公佈修訂後的《中華人民共和國民辦教育促進法實施條例》,自2021年9月1日起施行。《條例》進一步增加和明確了扶持的政策,包括財政扶持、稅收優惠、用地保障等,鼓勵金融、保險機構爲民辦學校融資、風險保障等提供服務。

港股教育股今日集體爆發,截至發稿,思考樂漲超25%,創聯教育金融漲超25%,宇華教育漲超10%,中教控股漲超9%,中國科培、新東方在線漲超8%。

大行觀點:

華創證券指出,隨着我國社會經濟的不斷進步與發展,國家對民辦教育的政策支持,互聯網及人工智能技術的進步一發展,我國民辦教育市場規模將持續壯大。2025年,民辦學校在校生數量將逼近9000萬人,民辦教育市場規模將達到2.36萬億元左右,年平均複合增長率近10%。

中信證券表示,民促法實施條例落地將進一步消除了板塊的政策不確定性隱憂,有望促進民辦高教板塊的關注度和估值擡升。考慮到高教行業業務穩定,現階段業績增長快,估值便宜,板塊迎來佈局良機。

天風證券劉章明團隊則表示,這份文件利好高教+高中,未來該兩類資產在自建、收購、分紅等方面無任何政策障礙。

東吳證券認爲高教和職教的風險已經完全消除,未來將輕裝上陣,行業估值也有望修復,同時高教類公司本身在近3-5年也處於內生增長+外延併購的黃金髮展窗口期,成長確定性高。

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