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After Leaping 26% China East Education Holdings Limited (HKG:667) Shares Are Not Flying Under The Radar
Here's Why We Think China East Education Holdings (HKG:667) Is Well Worth Watching
[Brokerage Focus] Sealand first issues a "Buy" rating for CHINA EAST EDU (00667), Bullish on the company's ongoing ability to restore profitability.
Jinwu Finance | Sealand Research Reports indicate that on April 3, 2025, CHINA EAST EDU's Wanto Vocational School issued a press release, announcing the successful completion of the large campus talent dual-selection job fair and the signing and awarding ceremony for school-enterprise cooperation in Spring 2025. The company announced its 2024 annual performance on March 27, 2025, achieving revenue of 4.12 billion yuan, with a year-on-year increase of 3.5%, and a net income of 0.51 billion yuan, with a year-on-year increase of 88.0%. The report points out that the proportion of 1-2 year courses in various divisions of the company has generally increased, with average tuition fees rising to make up for the decrease in training participants, leading to an overall increase in annual revenue.
CHINA EAST EDU: ANNUAL REPORT 2024
Citibank: Raised the Target Price of CHINA EAST EDU to HKD 5.8, rating adjusted to "Buy".
Citi released a Research Report stating that CHINA EAST EDU (00667) is expected to perform outstandingly in 2024, with an adjusted Net income growth of 86.6% year-on-year, an expanded Net income margin, moving towards management's target of over 20%. It is believed that the group has successfully overcome the challenges posed by the pandemic, the fundamentals will improve, and it is entering a cycle of sustained increase in profit margins. The Net income forecasts for this year and next are raised to growths of 48% and 45%, respectively, with adjusted Net income margins expected to rise to 14%, 16%, and 18% from 2025 to 2027. Citi has adjusted the rating of CHINA EAST EDU from 'Buy/High Risk' to 'Buy', with a target.
CICC: Raised the Target Price for CHINA EAST EDU (00667) to 6 Hong Kong dollars, maintaining an "Outperform Industry" rating.
The bank stated that, due to better-than-expected results from the group's Business adjustments, it has raised this year's revenue forecast by 2.3% to 4.41 billion yuan, and the adjusted net profit forecast has risen by 39.3% to 0.647 billion yuan.
What You Can Learn From China East Education Holdings Limited's (HKG:667) P/E
