Guotai Junan Initiates Coverage on NEW ORIENTAL-S with Rating Overweight
Guotai Junan initiated coverage on $NEW ORIENTAL-S(09901.HK$ , believing that the competitive landscape of the education industry significantly improved, and that leading companies in completing compliance are expected to accelerate the capture of market share, Guotai Junan released a research report saying.
It was expected that the Company's non-GAAP net profit for FY2024 to FY2026 will be US$503 million, US$686 million and US$844 million respectively, and EPS US$23 cents, US$33 cents and US$43 cents, respectively. Guotai Junan rated NEW ORIENTAL-S at Overweight.
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Aggressive Defensive : I think the numbers are not trustworthy