天立国际控股(1773.HK):主业稳步推进 升学率显著提升

国泰君安
29 Nov 2024

本报告导读:高中业务及托管稳步推进,升学率显著提升,资本开支逐步收窄,向轻资产模式继续迈进。投资要点:投资建议:考虑到新建学校及托管业务稳步推进,上调公司 FY2025-2026、新增FY2027 净利润预测分别为7.58(+7%)/9.37(+6%)/11.21 亿元,对应11/9/8 倍PE,增持。业绩简述:FY2024 实现营收33.21 亿元/+44.23%,毛利润11.19 亿元/+...

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