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01797 KOOLEARN
RTNominal down12.560 -0.480 (-3.681%)
Research Report

16/03/2021 14:29

Guotai Junan cuts Koolearn (01797) to HK$31.28; "buy"

[ET Net News Agency, 16 March 2021] Guotai Junan International cut its target price for
Koolearn Technology (01797) to HK$31.28 from HK$42.83 and maintained its "buy" rating.
The research house said online education drew particular attention in 2020 under the
impact of the COVID-19 pandemic, but the penetration rate of full-price paying users is
still at a relatively low level.
Based on the current penetration rate of full-price paying users in K-12 online
education, Guotai Junan expects the sales battle to continue for several more years. It
revised its FY2021-23 revenue forecasts by -28.8%, -3.9% and 14.9%, respectively.
Although revenue growth was lower than expected in the short term, Guotai Junan remains
optimistic about the company's future revenue growth expectations. (KL)

Remark: Real time quote last updated: 07/05/2021 17:59
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