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China New Higher Education Group Limited: 1 director
A director at China New Higher Education Group Limited bought 4,510,000 shares at 1.173HKD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...
- Steven Liu
CSCI-Education-China New Higher Education Group (2001 HK)：Robust ext...
Robust external expansion remains unchanged China New Higher Education Group (CNHEG) terminated the proposed acquisition of Xinjiang School, which has little to do with industry policies and will have limited impact on its earnings, in our view. Having delivered a solid set of operational data in SY18/19, we believe CNHEG is well on tracking to achieving a 33.0% CAGR in earnings over the coming three years, taking into account consolidation of the newly acquired schools. We have revised d...
- Qiwen Xu
CSCI-Education-China New Higher Education Group (2001 HK)：Strong M&A...
Strong M&A-driven growth China New Higher Education Group (CNHEG) announced to acquire three schools in Guangxi Province, at a total consideration of RMB146.7mn, representing FY17 15.7x PER. The acquisition is solid proof that the latest regulations would have limited adverse impact on M&As of listed private higher education companies. We reiterate our positive view on solid growth of the industry through organic and external expansion. We have trimmed our FY18/19E EPS estimates by -0.3/2.6...
- Qiwen Xu
CSCI-initiation-Education-China New Higher Education Group Limited (20...
Strong acquisitions-fuelled growth We see another 3-5 years of boom period for the private higher education industry in China, in view of the increasing demand and capacity constraints in public higher education. On the back of the solid track record in M&As and organic expansion, we expect China New Higher Education Group (“CNHEG”) to post a robust 31% CAGR in earnings during FY17-FY20E. We initiate coverage on CNHEG with a BUY rating and DCF-based PT of HKD6.80, implying 35.2% upside pot...
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