摩根士丹利-中国教育行业重组带来的机遇-2021.pdf
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M
M
China Education
Opportunities amid Industry Reset
Education share prices have sharply corrected amid a regulatory reset. We see
opportunities emerging in vocational and higher education, with an average 50% projected
upside for our four OW-rated stocks in higher education, and for China East Education, our
top vocational pick.
Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of
interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment
decision.
For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report.
+= Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be associated persons of the member and may not be subject to FINRA restrictions on
communications with a subject company, public appearances and trading securities held by a research analyst account.
August 29, 2021 07:33 PM GMT
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