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CLSA lifts Yuhua Education (06169) to HK$4.8
CLSA lifted its target price for China Yuhua
Education (06169) to HK$4.8 from HK$4.15, and maintained its "outperform" rating.
  YuHua hosted a briefing to discuss its acquisition of 70% of Hunan International 
Economics University, Hunan LY Mechanic School, Hunan LY Property
Management and HIEU Vocational Skills Training Centre.
 The research house said the HIEU schools should lead to a 54% increase in student 
enrolments upon consolidation. CLSA estimated that the net profit uplift would be more 
moderate at 9-13% for FY2018-20 given the lower margin at the Hunan schools. This should 
be a positive strategic development, strengthening the group's positioning in Central
China.

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