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China After-School Tutoring Industry's Long-Term Prospect Looks Robust -- Market Talk

China After-School Tutoring Industry's Long-Term Prospect Looks Robust -- Market Talk

中国课后辅导业长期前景看好--市场对话
Dow Jones Newswires ·  2020/08/04 04:17

DJ China After-School Tutoring Industry's Long-Term Prospect Looks Robust -- Market Talk

DJ中国课后辅导行业长期前景看好--市场对话

0817 GMT - China's after-school tutoring industry's long-term prospect looks robust, Goldman Sachs says. Buy-rated New Oriental Education & Technology and TAL Education Group are GS's preferred stock picks. The former's "Online-Merge-Offline" initiatives could further drive market consolidation and profitability, while the latter's entry into 20 new cities in 1Q FY 2021 increases the potential for capacity expansion. GS raises the American Depositary Receipt's target price for New Oriental to $168 from $149 and that for TAL Education to $88 from $75. It also lifts the ADR's target price for neutral-rated GSX Techedu to $84 from $57 and the H-shares' target price for sell-rated Koolearn Technology to HK$31 from HK$29. (ronnie.harui@wsj.com)

0817GMT-高盛(Goldman Sachs)表示，中国课后辅导行业的长期前景看起来很强劲。买入评级的新东方教育科技和好未来是GS的优先股选择。前者的“线上-合并-线下”计划可能进一步推动市场整合和盈利，而后者在2021年第一季度进入20个新城市，增加了产能扩张的潜力。GS将美国存托凭证(ADR)对新东方的目标价从149美元上调至168美元，将TAL Education的目标价从75美元上调至88美元。该公司还将美国存托凭证(ADR)对中性评级的GSX Techedu的目标价从57美元上调至84美元，将H股对卖出评级Koolearn Technology的目标价从29港元上调至31港元。(ronnie.harui@wsj.com)

(END) Dow Jones Newswires

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August 04, 2020 04:17 ET (08:17 GMT)

2020年08月04日东部时间04：17(格林尼治标准时间08：17)

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