《大行報告》大和上調新東方-S(09901.HK)目標價至154元 評級「買入」
大和發表報告指,新東方-S(09901.HK)在昨日(20日)公布了2021財年第三季業績,並指引第四財季收入按年增長38%至43%,超出該行預期。
該行表示,雖然管理層對2021財年擴張目標的說法更為溫和,目前預期財年內的課室容量將增加20%,為其通常容量計劃20%至25%的低位。不過,該行認為集團仍有多種方法推動收入增長,包括OMO模式等。
大和上調新東方股份目標價,由151元升至154元,評級維持「買入」,並調升集團2021至2023財年收入及盈利預測1%至4%,以反映K12業務強勁,及海外準備考試業務的恢復早於預期。由於集團長期業務擴展及高合規水平,大和仍視新東方為行業首選之一。
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