新高教集團(2001.HK)獲多家券商看好未來發展 紛紛提升目標價
格隆匯5月28日丨今年兩會上，李克強總理在作政府工作報告時，明確提出今明兩年高職擴招200萬的任務。教育股一度受此消息刺激紛紛上漲，其中，新高教(2001.HK)股價在昨日創逾1年新高（4.6港元）。
在新高教近期宣佈收回新疆項目預付款，使其擺脱因終止收購新疆學校帶來的負面影響，以及進一步收購河南學校剩餘45%的股權之後，花旗、中金、招商證券國際、興業證券及國信證券（香港）等多家券商近日紛紛發佈報告看好其未來發展，指出新高教估值具有吸引力，並紛紛提升該公司目標價。
花旗認為，與行業平均收購估值對比，新高教本次對河南學校的進一步收購明顯低於行業平均。花旗調升新高教盈利預測，以反映新高教集團2019年業績優質、河南學校成功收購、新疆項目撥備回款、董事長近期增持等正面消息，均增強了投資者的信心。花旗提升目標價至5.1港元，維持「買入」評級。
中金公司指出，新高教此次收購河南學校價格及收購成本較初次收購下降，估值具備吸引力。中金公司認為，進一步收購後新高教集團可以發揮集團化辦學優勢，進一步提升盈利確定性，預計河南學校盈利水平還將穩步提升。為此，中金公司上調利潤預測，維持「跑贏行業」評級，將目標價上調27%至5.2港元。
招商證券國際認為，此次收購是集團執行能力的有力印證，有利於逐漸修復投資者的預期，從而驅動估值上調，將目標價從4.9港元調升至5.3港元，重申「買入」評級。
國信證券（香港）認為河南進一步收購料增厚集團未來幾年業績，上調了新高教集團盈利預測，維持「買入」評級，上調目標價至5.38港元。
興業證券指出，公司的收購佈局早，截至2019年末學生人數已超過11萬人，學費提升空間大，職教政策扶持令學額增速快，預計未來2年內集團仍將保持行業領先的內生增速。該行調整盈利預測，維持「審慎增持」評級，並上調目標價至6.5港元，估值吸引力大。
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