《大行報告》麥格理上調新東方-S(09901.HK)目標價至63.6元 勢頭依然強勁
麥格理發表研究報告指,新東方-S(09901.HK)首季收入按年增長48%至11億美元,超過指引上限及勝於預期。管理層指引第二季收入按年增23至26%。
該行認為,對於最新的收入指引,基於學習設備和東方甄選在去年同期的基數較高,公司的次季增長指引低於首季屬於合理。該行又不排除集團收入增長出現意外上升的可能性,因為管理層傾向保守的指引,而新業務動力依然強勁。
該行分別上調集團2024至26年非通用會計準則淨收入16%、15%、12%,以反映較高的毛利率預測,又將目標價由53元上調至63.6元,維持「跑贏大市」評級。
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