天立国际控股(1773.HK):民办学历教育转型标杆 开辟多元成长曲线

华泰证券
24 Dec 2024

天立国际控股是中国西部地区K12 民办学历教育龙头,《民促法实施条例》发布后公司确立以营利性高中为主、综合运营服务为辅的“一干多支”战略,向全国性综合教育服务商稳步转型,FY22 以来业绩快速修复。我们认为民办学历教育政策边界逐步清晰、未来5 年行业需求和竞争格局预计维持相对稳定,公司具备良好的教学口碑、高度标准化的运营管理能力、优秀的异地扩张能力,增长潜力充足。首次覆盖给予买入评级,目标市值...

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