Market Brief

The articles are produced in Chinese only.

Author

馮兆山先生(Michael Fung)
經理

現任職輝立經理,對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
22776655

中國春來漸現增長潛力, 價值重估在望

Friday, November 16, 2018 Views3142

- 較早前, 資金一窩蜂湧入教育股板塊, 多隻教育股相繼被炒高. 但教育板塊中仍有相對落後, 被投資者怱略的股份, 當中包括今年9月才掛牌上巿的中國春來 (1969.HK).

 

- 中國春來成立於2004年, 目前在河南省經營三所學校, 包括:商丘學院、安陽學院、商丘學院應用科技學院,以及於湖北省共同營運長江大學工程技術學院。

 

- 2017 / 2018年度在校生總數計,中國春來在華中地區民辦高等教育供應商的範疇中, 排名第一;而全國排名計則為第四。

 

- 學生人數、收入,以及純利為集團近年的增長亮點;在股價走勢相對其他教育股為落後的情況下,中國春來的價值有望可獲得重估.

 

- 根據集團提供的資料顯示,集團院校的校生總數從2014 / 2015 學年的 29,673人增加至 2017 / 2018學年的 45,210人;另外, 於湖北省共同營運的長江大學工程技術學院則有學生7,789人。

 

- 目前, 中國的華中地區為人口密集且發展快速的地區 – 其中, 河南省是中國所有省份中登記人口最多的省份, GDP 排名為全國第五。

 

- 現時, 集團已於河南省的各院校均已收購或正在收購多幅土地, 以擴張及完善學校基礎設施;另外, 集團亦銳意擴大辦學覆蓋面, 提高市場份額及加強師資隊伍, 優化教職員結構。

 

- 中國春來過去三年度財政狀況:

 

 

- 技術走勢分析, 看圖睇勢 –過去兩個月以來, 該股股價一直於保歷加通道的上、下軸間徘徊。目前, 1969.HK的保歷加通道上軸 = HK$1.652; 保歷加下軸 = HK$1.347;二十天移動平均線 = HK$1.50.

 

- 買入價 = HK$1.35, 上望第一個目標 = 保歷加通道上軸 = HK$1.65, 投資者可先行沽出一半持貨止賺。另一半持貨則可待2018年11月2日高位 = HK$1.79沽出. 止蝕價則設定為 跌穿2018年10月24日低位 = HK$1.27.

 


本人馮兆山為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之證券的所有 相關財務權益.

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us