No Data
Citibank: Raised the Target Price of CHINA EAST EDU to HKD 5.8, rating adjusted to "Buy".
Citi released a Research Report stating that CHINA EAST EDU (00667) is expected to perform outstandingly in 2024, with an adjusted Net income growth of 86.6% year-on-year, an expanded Net income margin, moving towards management's target of over 20%. It is believed that the group has successfully overcome the challenges posed by the pandemic, the fundamentals will improve, and it is entering a cycle of sustained increase in profit margins. The Net income forecasts for this year and next are raised to growths of 48% and 45%, respectively, with adjusted Net income margins expected to rise to 14%, 16%, and 18% from 2025 to 2027. Citi has adjusted the rating of CHINA EAST EDU from 'Buy/High Risk' to 'Buy', with a target.
CICC: Raised the Target Price for CHINA EAST EDU (00667) to 6 Hong Kong dollars, maintaining an "Outperform Industry" rating.
The bank stated that, due to better-than-expected results from the group's Business adjustments, it has raised this year's revenue forecast by 2.3% to 4.41 billion yuan, and the adjusted net profit forecast has risen by 39.3% to 0.647 billion yuan.
China East Education Holdings Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
China East Education's Profit Soars 88% in 2024
Express News | China East Education Holdings - a Final Dividend of HK$0.20 per Ordinary Share
Express News | China East Education Holdings FY Revenue RMB 4,116 Million
What You Can Learn From China East Education Holdings Limited's (HKG:667) P/E
