share_log

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

中國課後輔導業長期前景看好--市場對話
Dow Jones Newswires ·  2020/08/04 04:17

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

DJ中國課後輔導行業長期前景看好--市場對話

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，中國課後輔導行業的長期前景看起來很強勁。買入評級的新東方教育科技和好未來是GS的優先股選擇。前者的“線上-合併-線下”計劃可能進一步推動市場整合和盈利，而後者在2021年第一季度進入20個新城市，增加了產能擴張的潛力。GS將美國存託憑證(ADR)對新東方的目標價從149美元上調至168美元，將TAL Education的目標價從75美元上調至88美元。該公司還將美國存託憑證(ADR)對中性評級的GSX Techedu的目標價從57美元上調至84美元，將H股對賣出評級Koolearn Technology的目標價從29港元上調至31港元。(ronnie.harui@wsj.com)

(END) Dow Jones Newswires

(完)道瓊通訊社

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

2020年08月04日東部時間04：17(格林尼治標準時間08：17)

Copyright (c) 2020 Dow Jones & Company, Inc.

版權所有(C)2020道瓊斯公司。

声明：本內容僅用作提供資訊及教育之目的，不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論