China Education Holdings (00839) rose more than 6%, rising nearly 50% in the past month. As of press release, it rose 4.17% to HK$5.74, with a turnover of HK$537.693 million.
The Zhitong Finance App learned that China Education Holdings (00839) rose more than 6%, rising nearly 50% in the past month. As of press release, it rose 4.17% to HK$5.74, with a turnover of HK$537.693 million.
According to the news, UBS published a research report stating that the revenue and operating profit performance of China Education Holdings in the first half of fiscal year 2024 was better than expected, but the net profit performance was slightly lower than expected. UBS also anticipates that China Education Holdings will generate a cumulative operating cash flow of RMB 11 billion in the future, which is enough to cover the company's capital expenses, and will also use the remaining capital for dividend distribution.
China Merchants Securities, on the other hand, said that China Education Holdings' revenue for the first half of the fiscal year ended the end of February reached 3.3 billion yuan, an increase of 18% over the previous year, exceeding the 15% growth rate generally expected by the market. Adjusted EBITDA grew 17% year on year, exceeding market expectations of 7% year on year, indicating that although the company increased capital investment for high-quality development, profit margin performance was stable. China Merchants Securities pointed out that China Education emphasized its dividend payment plan totaling RMB 3 billion for the 2024-2026 fiscal year, and is likely to further increase the dividend ratio.