里昂发表研究报告指，考虑到有部分学校为满足学位升级要求而进行招生控制、中职学位需求萎缩以及部分地区设有学费上限规定，预计中国教育机构收入增长将放缓。另外由于预计中教控股(00839.HK) 及新高教(02001.HK) 近期将增加投资，利润率下行压力更大，股息前景更为黯淡。
里昂预计中教控股及新高教今年收入增幅将分别放缓至11%和9%，今明两年盈利预测则下调15%至40%，预期未来几年收入及盈利增长都会放缓。中教控股暂停未来几年的股息支付，而期待已久的营利性民办学校登记亦依然处于停滞状态，里昂将其评级从“跑赢大市”下调至“持有”，目标价从5.8元下调至2.6元。至于新高教目标价则从2.9元下调至1.17元，评级亦由“跑赢大市”降至“持有”，建议投资者对中国教育行业持审慎看法。(gc/j)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-10 16:25。)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.