Stock Name: Overseas Edu
Company Name: OVERSEAS EDUCATION LIMITED
Company Name: OVERSEAS EDUCATION LIMITED
| Research House: UOB KayHian | Price Call: HOLD | Target Price: 0.91 |
SINGAPORE (Nov 17): UOB-KayHian is maintaining its "hold" call on Overseas Education with a target price of 91 cents.
In a Nov 17 research note, analyst Brandon Ng Chenhao said he sees limited earning catalysts in the near term. And although its new Pasir Ris campus has a capacity that is at least 25% higher than the Paterson campus, he expects the full financial impact to be felt only in FY16.
In 3Q14, Overseas Education's revenue fell 3.8% y-o-y to $24.9 million due to a decline in student enrolment, particularly in the junior school which impacted tuition fees.
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