[ET Net News Agency, 6 January 2021] Macquarie Research initiated coverage on Koolearn
Technology (01797) with an "outperform" rating and a target price of HK$34.4, with its
unique dual-class models and cross-selling prowess in the competitive Chinese education
sector.
The research house Koolearn's college, K12, and pre-school segments accounted for 59%,
27%, and 3% of revenue in FY2020. The college segment is the cash cow, allowing sufficient
cash on the balance sheet to position the company to add market.
Macquarie expects the Koolearn business to trough in FY2021 with a Rmb1.52bn loss due to
adverse offshore test preparation impact amid Covid-19 and fierce market competition.
However, the research house forecast profit of Koolearn will turn positive to around
Rmb211.3m in FY2024. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01797 EAST BUY
Nominal 
12.700 +0.320 (+2.585%) Research Report
06/01/2021 17:12
{I-bank focus}Macquarie starts Koolearn (01797) at HK$34.4
| Remark: | Real time quote last updated: 20/09/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |