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

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

瑞銀將KOOLEARN(01797.HK)TP下調至18美元,評級為買入
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.

據瑞銀報道,KOLEARN(01797.HK)的股價自今年年初以來已累計下跌57%,與其主要課後輔導(AST)同行47%的跌幅相比,這一跌幅略有遜色,潛在原因預計將是對AST廣告施加的政策限制增加,在線大型課程增長放緩,以及該公司在線教育平臺DFUB的表現弱於預期。瑞銀預計該行業的競爭將進一步加劇,因此將KOOLEARN的目標價從34美元下調至18美元,並維持買入評級。

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