J.P. Morgan launches investment report today to give good future stocks an initial rating

Summary: Check the latest quotes Beijing time April 11 afternoon news, JPMorgan released its investment report today, giving good future stocks (NYSE:XRS) overweight initial rating, the target price set to 32 U.S. dollars. The following is a summary of the contents of the report: We give good future stock

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Beijing time April 11 afternoon news, JPMorgan released its investment report today, gave a good future stock (NYSE:XRS) "overweight" initial rating, the target price set to 32 U.S. dollars.

The following is a summary of the contents of the report:

We give the future stock a "overweight" initial rating and set the target price at $32. Compared with the current share price, it means that the good future share price still has about 50% of the rising space. The future is the leader of K-12 tutoring institutions in China, and we expect good future profits to grow twice times from fiscal year 2013 to 2016. This is mainly due to the increase in the number of new students, as well as the average sales price growth.

Huge untapped markets: the impact of the growth in Chinese household incomes and the "one-child-a-couple-only" policy has contributed to an increasing number of investments in education. In addition, China's high school entrance into the university competition is also very fierce, only 30% of high school students have the opportunity to complete 4 years of university courses. Currently, the good future in the Beijing market has a high reputation, the company is currently using this advantage to expand to other cities.

Stocks are strong: good future prices have risen nearly 140% in the past 12 months, despite poor market conditions. The strong performance of the shares reflects the continued growth of the company's nascent population (23% per cent for the 2014 fiscal year to 2016), as well as an increase in average sales prices (the annual composite growth rate for the 2014 fiscal year to 2016 is expected to be 4%), which also boosted corporate revenue growth.

Valuation: We offer a "overweight" initial rating for future stocks, setting the target price at $32 trillion.