In the capital market, New Oriental is still underestimated

$EAST BUY(01797.HK)$ $New Oriental(EDU.US)$ $NEW ORIENTAL-S(09901.HK)$ $Education(BK1091.HK)$
After the closing on July 27, the market value of New Oriental was US $4.368 billion, while the cash and cash equivalents and short-term investments on New Oriental's books were about US $4.2 billion. Perhaps it is for this reason that New Oriental announced the launch of a share repurchase plan of up to US $400 million. Click here

Oriental Selection is undoubtedly an important transformation direction of New Oriental. Recently, a third-party platform monitoring showed that the live broadcast sales of Orient Selection in the past 30 days were about 600 million yuan. However, Oriental Selection cannot contribute much revenue. The financial report predicts that the total revenue of New Oriental in the first quarter of fiscal year 2023 (June 1 to August 31, 2022) will be between $641.3 million and $680.6 million, a year-on-year decrease of 51% to 48%.