Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down12.560 -0.480 (-3.681%)
Research Report

29/01/2021 15:41

{I-bank focus}Goldman trims Koolearn (01797) to HK$22

[ET Net News Agency, 29 January 2021] Goldman Sachs trimmed its target price for
Koolearn Technology (01797) to HK$22 from HK$29 and maintained its "sell" rating.
The research house said Koolearn's K12 business (including large-class and DFUB)
remained at an infant stage with below-expected revenue growth and margin profile. The
online large-class AST (after-school tuition) segment reached Rmb186mn revenue in 1H
FY2021, but recorded -50% GPM on low ASP and an enlarged teacher team, while DFUB's unit
economics continued to fall behind management guidance, with only 5% GPM and lower ASP.
Goldman noted that Koolearn had entered 271 cities for DFUB and 100 cities for the
large-class business for offline student acquisition as of 1H FY2021. Management now plans
to slow down DFUB geographical expansion from FY2022 after it crosses the 300-city mark.
Goldman revised down its revenue forecasts by 15-21% in FY2021-25. (KL)

Remark: Real time quote last updated: 07/05/2021 17:59
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.