《大行報告》花旗下調新東方-S(09901.HK)目標價至168元 評級「買入」
花旗發表報告指,與新東方(09901.HK)管理層進行業務更新交流後,維持評級「買入」及為補習股首選推介,指其將線下課程與網上平台融合(OMO)策略將見盈利貢獻,料2022年首季起毛利率將提升,2022年雖面對政府監管的不確定性,該行預期新東方年內收入將錄得逾30%增長及毛利率回復。該行下調新東方2021年及2022年核心盈利預測24.8%及2.7%,上調2023年預測4.4%,目標價相應自170元下調至168元。
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