No Data
Is It Time To Consider Buying China Education Group Holdings Limited (HKG:839)?
[Brokerage Focus] Guosen maintains the "Outperform" rating on CHINA EDU GROUP (00839) and indicates that internal growth is expected to continue.
Jingfu Financial News | Guosen issued a Research Report indicating that CHINA EDU GROUP (00839) achieved revenue of 6.579 billion yuan in the 2024 fiscal year, an increase of 17.2%, close to the bank's previous revenue expectation of 6.604 billion yuan; the attributable Net income was 0.418 billion yuan, a decrease of 69.7%, while the adjusted attributable Net income was 1.971 billion yuan, an increase of 3.3%. The difference mainly comes from goodwill and intangible asset impairment at three schools within the group. In terms of market, the company's domestic market revenue for the fiscal year reached 6.335 billion yuan, an increase of 17.4%. As of August 2024, the group had approximately 27,000 full-time enrolled students.
CICC: Maintains China Edu Group (00839) with an "Outperform" rating, target price lowered to 4.6 Hong Kong dollars.
Jian Silver International has lowered its profit forecast for china edu group's 2025 and 2026 fiscal years by 8% and 9% respectively.
Trending Industry Today: NEW HIGHER EDU Leads Losses In Vocational Education Stocks
China edu group (00839.HK) has obtained loan financing from the Asian Development Bank and the Asian Infrastructure Investment Bank.
On November 28th, GeLongHui announced that China Edu Group (00839.HK) signed a loan agreement and related financing documents with the Asian Development Banks (ADB) as the lender on November 28, 2024, involving a loan amount of up to 0.2849 billion Chinese yuan and a maximum term of 60 months (referred to as the "ADB Financing Documents"); Yantai University of Science and Technology ("Yantai University", a subsidiary of the company) also signed a loan agreement and the Asian Development Banks as the lender (with the company and another member company of the group acting as guarantors).
Express News | China Education - Unit to Borrow Loan Facility of up to RMB569.8 Mln
