* 开办职业教育学校的中国东方教育0667.HK周一早盘一度跌4.8%，报5.6港元，早市收低4.6%。
* 美国投行富瑞在报告中表示，将中国东方教育的目标价由8.8港元下调至5.6港元，在现金流折现模型中开始纳入一个风险因素，即该公司的业务可能自2032年后面临收入下滑。
富瑞并指，看好该公司独特的战略及市场份额的提升，但对中国的人口结构趋势存有疑虑。普通高中学位空置率上升可能给地方主管部门带来压力。从历史经验看，当公立学校面临来自民办学校的竞争加剧时，政策风险可能相应上升。
* 中国东方教育今年迄今大跌15.5%，同期恒生指数.HSI下滑4.8%。 （完）
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(发稿 徐凯文；审校 林高丽)
((kaiwen.xu@thomsonreuters.com))
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