《大行》招银国际降新东方(EDU.US)目标价至80美元 宏观不确定性影响收入及利润率前景

阿斯达克财经
22 Jan

招银国际发表研究报告指,新东方(EDU.US)  第二财季的收入按年增长19%,符合该行及市场预期;非通用会计准则净利润跌29%,逊于预期,主要是由于东方甄选业务调整及对文旅业务的投入。
撇除东方甄选后,新东方的管理层预计,集团第三财季收入将按年增长18至21%,即达10.1至10.3亿美元,惟指引仍低于招银国际的预期。该行相信,这主要是由于宏观不确定性影响业务收入及及利润率前景,而且竞争将进一步加剧。
考虑较预期弱的收入指引,该行将集团2025至27年的收入预测下调2至3%,目标价由87美元下调至80美元,维持“买入”评级。(sl/u)(美股为即时串流报价; OTC市场股票除外,资料延迟最少15分钟。)

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