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UBS Lowers KOOLEARN (01797.HK) TP to $18, Rated Buy

UBS Lowers KOOLEARN (01797.HK) TP to $18, Rated Buy

瑞银将KOOLEARN(01797.HK)TP下调至18美元，评级为买入
AAStocks ·  2021/06/01 22:03

KOOLEARN (01797.HK) shares have accumulated a 57% drop since the start of this year, a slight underperformance compared to the 47% decrease of its major afterschool tutoring (AST) peers, and underlying reasons are expected to be increased policy-imposed restrictions on AST advertising, slower growth of online big-scaled classes as well as the weaker-than-expected performance of DFUB -- the company's online education platform, reported UBS.

Expecting the industry's competition to further intensify, UBS cut KOOLEARN's target price from $34 to $18 and maintained its Buy rating.

据瑞银报道，KOLEARN(01797.HK)的股价自今年年初以来已累计下跌57%，与其主要课后辅导(AST)同行47%的跌幅相比，这一跌幅略有逊色，潜在原因预计将是对AST广告施加的政策限制增加，在线大型课程增长放缓，以及该公司在线教育平台DFUB的表现弱于预期。瑞银预计该行业的竞争将进一步加剧，因此将KOOLEARN的目标价从34美元下调至18美元，并维持买入评级。

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