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Kepei Education Unaware of Reasons for 'Unusual' Price, Trading Volume Movements; Shares Slide 5%
12:58 AM EST, 01/26/2022 (MT Newswires) -- China Kepei Education Group (HKG:1890) was unaware of what caused the "unusual" movements in the share price and trading volume of its shares on Tuesday, ac
Scanning of Hong Kong stocks | the Hang Seng Index is down about 560 points, while the inner housing and education sectors are weaker.
According to the Futuo Niuniu Hong Kong stock trading hot list today, the top stocks include BABA, Tencent, Meituan, AAC Technologies Holdings Inc., XIAOMI Group, Kuaishou Technology and so on.
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
[brokerage focus] China Merchants is optimistic about the steady growth and attractive valuation of the higher education industry.
Phoenix New Media Hong Kong stock | China Merchants (Hong Kong) published a research report that the share price of the higher education industry has fallen 36% from its recent peak, and the price-to-earnings ratio for the next 12 months has fallen from 13 times to 7 times (- 46%). It is mainly affected by the weak investment sentiment caused by the KM12 training policy. The bank believes that the fundamental growth of higher education is still sound, and the driving forces are as follows: 1) continuous policy support: private higher education is supported by vocational education (such as vocational undergraduate education) and college promotion. The regulations on the implementation of the people's Promotion of the Law (the final draft of the people's Promotion of the Law) was finally issued in May 2021, eliminating the policy uncertainty in the higher education industry.
Morgan Stanley: the latest rating and target price of education stocks (table) hope that the target price of education (01765) will rise to HK $1.60.
Zhitong Financial APP learned that Morgan Stanley released a research report saying that the performance of education stocks in 2021 was roughly in line with expectations, while the external growth of different companies brought varying degrees of contribution, maintaining China Kopei's (01890) "overweight" rating, corporate M & An activity began to be conservative, and the target price was lowered from HK $6 to HK $4.90. The report points out that in the medium to long term, degree vocational education has growth opportunities, but the period of rapid growth has passed, and the industry has entered a stage of fierce competition. The bank believes that the "overweight" rating of Yuhua Education (06169) will be maintained, but the share price will be under pressure in the short term due to the increase in capital expenditure.
The Bank report downgraded New higher Education (02001.HK) to "keep pace with the Market" and raised the target price of Hope Education (01765.HK) to 1.60 yuan.
Morgan Stanley published a report that the performance of education stocks in 2021 was roughly in line with expectations, while the external growth of different companies brought different contributions, and M & An activities, including China's 01890.HK and 02001.HK, began to be conservative. The bank lowered the target price of China's scientific training from 6 yuan to 4.9 yuan, maintaining the "overweight" rating, while lowering the target price of new higher education from 6 yuan to 4 yuan, downgrading the rating from "overweight" to "in line with the market." The report points out that in the medium to long term, degree vocational education has opportunities for growth, but the period of rapid growth has passed, and the industry has entered into excitement.
Morgan Stanley's Investment rating and Target Price of Chinese Education stocks in the "Big Bank report" (Table)
Morgan Stanley publishes research report The investment rating and target price of Chinese-funded education stocks are listed as follows: shares | Investment rating | Target price (Hong Kong dollar) China Science Education (01890.HK) | increase holdings | 6-> 4.9 yuan New higher Education Group (02001.HK) | increase holdings-> synchronize with the market | 6-> 4 yuan Yuhua Education (06169.HK) | increase holdings | 6.8-> 4.60 Hope Education (01765.HK) | synchronize with the market | 1.40-> 1.60 yuan
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