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CHINA EDU GROUP: INTERIM REPORT 2023/2024
We Think China Education Group Holdings (HKG:839) Is Taking Some Risk With Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we thi
Changes in Hong Kong stocks | China Education Holdings (00839) rose more than 6%, and the company's performance for the first half of the fiscal year exceeded expectations or further increased its dividend ratio
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.
Changes in Hong Kong stocks | Xile Education (01769) rose more than 12%, leading education stocks, higher education, high-quality enterprises, and there is room for repair in the current valuation center
Education stocks were strong in early trading. As of press release, China Education Holdings (01769) rose 11.97% to HK$5.52; China Education Holdings (00839) rose 6.01% to HK$5.47; Zhonghui Group (00382) rose 5.66% to HK$2.8; and New Oriental-S (09901) rose 3.5% to HK$69.55.
Big Bank Rating | UBS: Lowering the target price of China Education Holdings to HK$7.8 to maintain a “buy” rating
According to a research report published by UBS, 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. The bank said that China Education Holdings's student enrollment increased by 8.5% and revenue per student increased by 9%, driving the company's revenue for the first half of this year to increase 18% year-on-year, 3% higher than the bank's and market expectations. As for the 16% increase in operating profit, which is higher than the bank's and market expectations of 5% and 1%, respectively, this also means that operating profit margins have shrunk by 100 basis points year-on-year. UBS also anticipates that China Education Holdings will generate a cumulative operating cash flow of 11 billion yuan in the future
Changes in Hong Kong stocks | China Education Holdings (00839) rose nearly 9% in early trading, and the results for the first half of the fiscal year exceeded expectations, and the company may further increase the dividend ratio
China Education Holdings (00839) rose nearly 9% in early trading. As of press release, it rose 7.69% to HK$5.04, with a turnover of HK$32.114,400.