[ET Net News Agency, 11 January 2021] Jefferies Research trimmed its target price for
Koolearn Technology Holding (01797) to HK$27 from HK$35 and reiterated its "hold" rating.
The research house views Koolearn's equity story as one fighting for presence in an
emerging market (online education). Jefferies expects Koolearn to differentiate itself
with its strong brands and DFUB (an online education platform operated by Dongfang Youbo)
business model.
It will monitor the resources that Koolearn has invested in the process. Versus
consensus, Jefferies is more positive on DFUB and believes DFUB could be a better fit for
Koolearn to drive growth than online big classes. (KL)