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《大行報告》大和升新東方(09901.HK)評級至「買入」 目標價下調至17元
阿思達克 03-10 14:22
大和發表報告指,排除新東方(09901.HK)停止的K9業務後,將目標價由18元下調至17元,考慮到其現金狀況充裕,將評級由「持有」升至「買入」。 大和指,在關閉K9課外輔導業務後,預計新東方的海外和國內考試準備業務和K12業務從2022財年下半年開始對集團的收入貢獻變得同樣重要。同時認爲考試準備業務將可能爲新東方提供一個比其同行更好的財務基礎。 大和指,雖然疫情將繼續令新東方海外測試準備業務帶來不確定性,但相信業務復甦可能最快會在2023財政年度,即今年下半年發生,預計其國內考試準備收入將在2023至2024財年實現約10%的按年增長。
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