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According to the "Bank of China report", Morgan Stanley generally lowered the target price of education stocks and downgraded Hope Education (01765.HK) to "reduced holdings".
Morgan Stanley published a research report that the regulation of academic guidance and examination preparation career guidance in senior high schools in the mainland still exists this year, and formal vocational education is expected to be the main area of support, and under the new regulatory framework, various educational institutions will continue to reorganize their business, among which they are optimistic about China Oriental Education (00667.HK), Science and Technology Education (01890.HK), Yuhua Education (06169.HK) and Zhonghui Group (00382.HK). According to the report, mainland supervision will continue to focus on making junior high school education more equitable, reducing the burden of students' study and family expenses, improving the quality of higher education and improving the quality of higher education.
Hong Kong stocks scan | Pork concept stocks soared collectively, Yurun Foods rose by more than 36%, and Cofco Jiakang rose nearly 13%.
Some education stocks have bucked the trend and hope that education will rise by nearly 7%, China Education Holdings and New Oriental Education & Technology Group online by nearly 5%, and China Science Education and New higher Education Group by nearly 3%.
Annual report 2021
Guo Jiayao: on the eve of the long holiday, Hong Kong stock company 00382.HK has a bright future in vocational education.
Guo Jiayao, managing director of Amri Asset Management, said that US stocks continued to improve on Wednesday, with investors waiting to see changes in the epidemic, coupled with the passage of the social security and livelihood plan by Congress, which was good for the atmosphere of the market, with all three major indexes closing higher. The trend of the US dollar fell, oil prices fell first and then rebounded, gold prices stabilized, and US 10-year bond interest rates remained at 1.45 per cent. Hong Kong stock depositary securities are generally stable, and the market is expected to open higher in the early stages of the market. With the individual development of the mainland stock market, the Shanghai Composite Index opened high and opened low, closing down 0.1%, and the turnover on the Shanghai and Shenzhen stock markets increased slightly. Driven by the external rebound, Hong Kong stocks continued to rebound at a low level, but the transaction was not considered a match.
Citic Construction Investment Co., Ltd.: 0382.HK accelerates the layout of vocational education track and maintains the target price of HK $10.28.
On December 20th, China Foreign Exchange Group (0382.HK) previously announced the acquisition of a 100% stake in Guangdong Chinese Business Technical School with 150 million yuan. CSC FINANCIAL CO.,LTD pointed out that the Chinese technical school acquired this time is valued at about 6-7 times PE according to the 2022 profit forecast, and is expected to have a compound income growth rate of no less than 20% in the 2023-2025 fiscal year. And mergers and acquisitions help to consolidate the school-running level of the group, and realize the full coverage of the applied undergraduate (Chinese business college), higher vocational (Chinese business vocational school) and secondary vocational (Chinese business technical school) education system in Guangdong province, and help to transport the source of students and conversion rate for higher vocational education.
Zhonghui Group (0382.HK) 150 million yuan layout of secondary vocational institutions: creating new growth catalysts
On December 20th, China Foreign Exchange Group (0382.HK) announced the acquisition of 100% equity in Guangdong Chinese Business Technical School, with a total consideration of 150 million yuan, to be paid with its own funds. This is Zhonghui's second vocational education acquisition project after the acquisition of high-quality vocational education schools in Sichuan Province in December 2020. Guangdong Chinese Business Technical School is a secondary vocational school, which was approved by the Ministry of Labor and Social Security of Guangdong Province in 2007. At present, the school mainly offers 13 majors, including early childhood education, medical marketing, beauty care, e-commerce, accounting and marketing. two
Zhonghui Group (0382. HK): increase the layout of vocational education, which may eliminate M & A policy concerns.
Over the past year, Zhonghui Group has successively acquired three schools (two secondary vocational schools and one higher vocational school), all of which are vocational education colleges, so what kind of investment value will this acquisition bring to the company?
Zhonghui Group (0382.HK) 150 million yuan in Guangdong Province layout of secondary vocational institutions: thickening the performance of listed companies
China Foreign Exchange Group (0382.HK) announced the acquisition of 100% equity in Guangdong Chinese Business Technical School, with a total consideration of 150 million yuan, to be paid with its own funds. This is Zhonghui's second vocational education acquisition project after the acquisition of high-quality vocational education schools in Sichuan Province in December 2020. Guangdong Chinese Business Technical School is a secondary vocational school, which was approved by the Ministry of Labor and Social Security of Guangdong Province in 2007. At present, the school has 13 major majors, including early childhood education, medical marketing, beauty care, e-commerce, accounting and marketing. twenty
China Merchants International: Zhonghui Group (00382) New mergers and acquisitions will lead to increased profits
According to a research report released by China Merchants International, Zhonghui Group (00382) currently trades at a price-to-earnings ratio of 6.7 times earnings for fiscal 22, PEG 0.2 times for fiscal 22, and a cash dividend yield of 4.5 per cent for fiscal 22, according to the APP of Zhitong Finance. Events: 1) Zhonghui announced that it would acquire a 100% stake in Guangdong Chinese Business Technical School at a total cost of 150 million yuan; 2) the new merger and acquisition will lead to increased profits and synergy with existing Guangdong schools; 3) although the scale of the deal is small, the bank believes that the merger and acquisition will help ease some investors' policy concerns about mergers and acquisitions. New mergers and acquisitions of Chinese businessmen in Guangdong
Zhonghui Group (00382.HK) plans to acquire a secondary vocational training school in Guangdong for 150 million yuan.
Zhonghui Group (00382.HK) announced that on December 14, 2021, Guangzhou Zhiyi Education and Shenzhen Zhuochuang Education (as the designated transferee of the sales shares of Guangzhou Zhiyi Education) entered into an acquisition agreement with Nanning Yuzhuoqin Education (as the seller) and the Target Group, pursuant to which Guangzhou Zhiyi Education intends to acquire a 100% equity interest in Guangdong Taiyang City Industrial Company for 150 million yuan.