Overseas Education (OEL): Increased tuition fees by an average of 10% for its 2015-16 academic year, which will start in Aug 2015. This is higher than Maybank-KE's forecast of 8.3%. House believes it went for the strong hike on the
back of confidence in its brand-new facilities at Pasir Ris.
House maintains BUY with higher TP of $1.27, with further catalysts expected from student enrolments.
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