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大行評級 | 花旗:首予中國東方教育“買入”評級 板塊中亦喜好中教控股及新東方
格隆匯9月21日丨花旗發報告首次覆蓋中國東方教育(0667.HK),予“買入”評級,目標價12港元,相當於未來12個月預測市盈率25倍(或預測動態市盈率1倍),以及2021至2023財年每股盈測年均複合增長24%。報告稱,中國東方教育屬內地職業教育龍頭企業。利用其逾30年的經驗、強勁品牌、可複製經營模式,全國性學校網絡以及政府政策支持,料2021至2023年間中國東方教育收入年均複合增長16%,純利年均複合增長24%。板塊中該行亦喜好中教控股(0839.HK)及新東方(9901.HK)。花旗表示,考慮調查結果加強了該行對學科補習商的審慎看法,下調補習商2021至2024財年收入預測由介乎11%至14%,至最多約80%。花旗相應下調多家內地教育股目標價。
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