大行評級丨招銀國際:下調新東方目標價至76美元 海外相關業務承壓
招銀國際發表報吿,預測新東方現財季海外相關業務、高中補習、國內考試預備及新教育項目收入將分別按年升8%、16%、19%及30%。由於宏觀不確定性和地緣政治緊張,海外相關業務可能進一步放緩。公司現財季預計不計算東方甄選的淨收入將按年升10%至13%,達到10.1億至10.4億美元。該行主要因海外相關業務的壓力,將公司現財年至2027財年盈利預測下調2%至8%,並預計期內非公認會計准則經營溢利年複合增長率為23%。該行將新東方的目標價由80美元降至76美元,維持“買入”評級。
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