No Data
Bullish China Education Group Holdings Insiders Loaded Up On CN¥788.6m Of Stock
[Brokerage Focus] Citigroup maintains a 'sell' rating on China Edu Group (00839), indicating that the impairment signal suggests a worsening growth outlook.
Jinwu Finance | Citigroup's research report indicates that china edu group (00839) has issued a profit warning, forecasting that net income for the fiscal year 2024 will significantly decline to between 0.42 billion and 0.59 billion yuan, compared to 1.541 billion yuan for the fiscal year 2023. This notable decrease is primarily due to a one-time non-cash impairment loss on goodwill and intangible assets, amounting to between 1.68 billion and 1.75 billion yuan (after tax), affecting cash-generating units in sichuan, shaanxi, and Australia. The bank stated that despite the stability of the company's core business, adjusted non-IFRS profit is expected to grow by 5.4-10.3 year-on-year.
china edu group (00839.HK) will hold a board of directors meeting on November 26 to approve annual performance.
Gelonghui, November 13 - china edu group (00839.HK) announced that the company will hold a board of directors meeting on November 26, 2024, to approve the group's annual performance for the year ending August 31, 2024, and its publication, as well as to consider the proposal for the final dividend distribution.
CHINA EDU GROUP: DATE OF BOARD MEETING
Hong Kong stocks closed (11.13) | Hang Seng Index fell by 0.12%, the three major telecommunications operators rose against the market, zhongsheng hldg (00881) surged over 7%.
Hong Kong stocks followed the downturn in the external market today, with all three major indices falling by more than 1% intraday. However, there was a sudden surge in the closing session, with the Hang Seng Index briefly turning positive and the CSI Index successfully reversing the decline.
Morgan Stanley: Maintains a "outperform" rating on China Edu Group (00839) with a target price of 8.7 Hong Kong dollars.
The company is expecting a net profit of 0.429 billion-0.59 billion RMB for the 2024 fiscal year (ending on August 31), indicating a net loss of 0.598 billion-0.768 billion RMB in the second half of the year.
No Data
No Data
