Tianli International Holdings (01773) is now up more than 10%. As of press release, it has risen 10.04% to HK$5.26, with a turnover of HK$16.921,000.
The Zhitong Finance App learned that Tianli International Holdings (01773) is now up more than 10%. As of press release, it has risen 10.04% to HK$5.26, with a turnover of HK$16.921,000.
According to the news, Tianli International Holdings announced its interim results for the six months ended February, with revenue of about 1,645 million yuan, up 73.8% year on year; profit attributable to company owners was about 319 million yuan, up 70% year on year; profit attributable to company owners was about 289 million yuan, up 67.77% year on year; basic profit per share was 13.90 points, with an interim dividend of 4.17 points per share, compared with 2.43 points for the same period last year.
China Merchants Securities previously announced that it covered Tianli International Holdings for the first time and gave it an “increase” investment rating. As a leading local education brand, the future expansion of school construction and enrollment and the development of a trusteeship model is expected to support the company to maintain rapid growth. It is optimistic that the private education industry development prospects and the company's diversified business growth potential driven by immediate needs. Furthermore, the company's strengthened shareholder return shows long-term business confidence. It is estimated that the adjusted net profit for the 2024-2026 fiscal year will be 5.3/7.2/950 million yuan, with a target price of HK$5.36 billion.