《大行》大和升新東方(09901.HK)目標價至49元 憧憬股東回報可增加
大和發表研究報告指,經審視新東方(09901.HK)(EDU.US)2025年夏季學期經營狀況,以及旗下東方甄選
(01797.HK)2025財年業績後,認爲集團整體業務發展趨向穩定,K-9秋季學生留存率改善,出國考試準備業務不再惡化。
新東方更宣佈自2026財年起,計劃將不低於其前一財年股東應佔淨利潤的50%,以股息分配或股份回購等形式回饋股東。大和表示,憧憬股東回報比例可能顯着高於集團承諾的50%,或達到高雙位數百分比甚至超過100%,相信對股份屬關鍵正面催化劑。大和將新東方2026至2028財年收入預測上調1%至2%,每股盈利預測上調0.2%至5%,重申「買入」評級,目標價由43元升至49元。
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