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《大行報告》麥格理降中教控股(00839.HK)目標價至11.7元 下調盈測
阿思達克 11-28 10:45
麥格理發表研究報告指,中教控股(00839.HK)2023財年全年收入增長18%至56億元人民幣,較該行預期低1.3%,符合市場預期,期內利潤達14億元人民幣,亦低於該行預測的20億元人民幣,當中未計及3.95億元人民幣減值損失。 麥格理表示,2023/24學年學生總入學人數增長7%,管理層見到學費水平較高的國際項目需求仍然強勁,因此預測2024財年公司收入可增長14%,另外相信進一步減值風險較小。 該行認為中教控股業務穩定並具可持續,政策及就業市況對其業務有利,相信現時估值被低估,將2024及2025財年淨利潤預測下調5%及9%,目標價下調7%至11.7元,評級為「跑贏大市」。
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