China Education Group 0839

China Education Group 0839

Postby winston » Thu Aug 22, 2019 12:40 pm

not vested

CHINA EDU GROUP(839)

Analysis:

The Group announced to acquire a 1,500 mu of land in Zhaoqing New District for the establishment of a university campus which will be the new campus of the Guangzhou University Songtian College.

The Group expected the new campus could accommodate 30,000 students, and Zhaoqing New District Government will provide a land premium concession.

As of 28th Feb, 2019, the student enrollment of Songtian University was 9, 270, while that of Songtian College was 3,645.

Besides, the student quotas for Songtian University jumped to 2,704, an increase of 205 compared to 2018.

The admission of transferred undergraduate student has grown significantly, from 598 in 2018 to 1631 in 2019, implying a good response from student enrollment.

Moreover, the tuition fee of Songtian University also increased this year, from RMB 23,000-25,000 in 2018 to 26,000-28,000, representing a growth of 12-13%.

The significant increase in the capacity due to the establishment of a new campus will benefit the long-term development of the school.

Strategy:
Buy-in Price: $11.00, Target Price: $13.50, Cut Loss Price: $9.50

Source: Phillips
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