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China East Education Holdings Limited (HKG:667) Analysts Are Pretty Bullish On The Stock After Recent Results
Credit Suisse: Maintains a 'buy' rating on China East Education (00667), with target price reduced to HKD 5.5.
Futu Securities expects that china east edu (00667) will face a certain degree of revenue growth slowdown due to trade-offs.
[Brokerage Focus] Minsheng Securities maintains a 'recommended' rating for China East Edu (00667), stating that the optimization of the school structure will drive the release of profits as a relatively certain growth main line.
Jinwu Financial News | Minsheng Securities issued a research report pointing out that China East Edu (00667) achieved revenue of 1.983 billion yuan in 2024, representing a YoY growth of 1.6%. The net income attributable to the parent company was 0.272 billion yuan, a YoY growth of 33.2%, and the adjusted net income was 0.278 billion yuan, a YoY growth of 57.9%. The gross margin of the company in 1H24 was 53%, a YoY increase of 1.93 percentage points, the net margin attributable to the parent company was 13.72%, a YoY increase of 3.27 percentage points, and the adjusted net margin attributable to the parent company was 14.02%, a YoY increase of 5.01 percentage points. The bank also stated that the company has made adjustments to its sales expenses.
Jefferies Adjusts China East Education's Price Target to HK$5.50 From HK$8, Keeps at Buy
China East Edu (00667.HK) reported an adjusted net profit of 0.278 billion yuan for the mid-term, a year-on-year growth of 57.9%
On August 21, Geelong announced that as of June 30, 2024, the number of new students and new customer registrations decreased by about 7.7% compared to the six months ending on June 30, 2023. On the other hand, the group adjusted its enrollment strategy and optimized the course structure to attract more high stock price new students. As a result, the group's revenue increased from RMB 195.3 million for the six months ending on June 30, 2023 to RMB 198.3 million for the six months ending on June 30, 2024, an increase of about 1.6%. During this period, the net profit was 2.
Express News | China East Education Holdings - Hy Adjusted Net Profit RMB278 Mln
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