Trending Industry Today: NEW ORIENTAL-S Leads Losses In Online Education Stocks

April 25th - The industry of $Online Education(BK1193.HK)$ is trending lower today with 1 constituents up, 4 constituents down and NEW ORIENTAL-S leading Losses.$NEW ORIENTAL-S(09901.HK)$ drops 16.57%

moomoo News23:40 ET

Education stocks are weak, New Oriental (09901) falls 17.91%. Institutions say K12 education and training market concentration is low, and various regions have launched “double reduction” special actions one after another

Jinwu Financial News | The performance of education stocks was weak. New Oriental (09901) fell 17.91% after the results, Chuanglian Holdings (02371) fell 16.67%, Excellent Education Group (03978) fell 7.69%, Thinking Music Education (01769) fell 6.01%, and Guangzheng Education (06068) fell 1.67%. Cinda Securities said that the overall K12 education and training market concentration is low. In terms of measuring market space and revenue of leading companies, CR3 was only 7.0% in '23, and the pattern is relatively scattered; after experiencing significant clean-up on the supply side, leading companies are expected to rely on brand power and retain outlets

金吾財訊21:46 ET

[Broker Focus] BOC International cuts new Oriental (09901) target price to HK$89 and is expected to increase revenue by 38% in the fourth quarter or operating profit margin to 6%

Jinwu Financial News | According to the BOC International Development Research Report, New Oriental (09901)'s revenue for the 3rd quarter of fiscal year 2024 was 1.2 billion US dollars, an increase of 60% year-on-year. Compared with the bank/Bloomberg's agreed growth rate of 44%/47%, it was mainly driven by the growth of the new education business and Oriental Selection's own operation. The adjusted operating profit was US$140 million, and the operating profit margin was 12%, the same as the previous year; the adjusted net profit was US$105 million, lower than the bank's agreed expectations of US$120 million. The net interest rate was 8.7%, compared with 13% in the same period last year, mainly hampered by Oriental Selection Expansion, supply chain construction, and discounts on proprietary products. The trip is expected to be in 4 seasons

金吾財訊21:40 ET

Changes in Hong Kong stocks | New Oriental-S (09901) fell by nearly 15% after results, Oriental selection investment increased the company's profit margin in the short term or under pressure

New Oriental-S (09901) opened nearly 15% lower after the results, and US stocks closed down nearly 14% overnight. As of press release, it decreased by 14.95% to HK$60.3, with a turnover of HK$278.35,800.

Zhitong Finance21:27 ET

Overnight news: US FTC plans to ban Wall Street competition agreement ECB governing board says inflation may still be stubborn, Microsoft and Amazon's AI deals face scrutiny

For more global financial information, please go to the 7×24 hour real-time financial news market closing: US stocks rose and fell three times in a row with S&P in the top 20 US stock turnover on April 24: Tesla pushed back affordable models, and the stock price surged 12%, US WTI crude oil closed down 0.66% on Wednesday and fell 0.66% to below $83. On Wednesday, popular Chinese securities rose 2.9%, NIO, 3.5%, New Oriental fell 14%, European stocks fell 0.39%, and the European Stock 50 index fell 0.39% macro, the US stock market closed down 0.39%, and the US Stock Exchange 50 Index fell 0.39% macro, the US Stock Exchange 50 Index fell 0.39% Macro US CFTCFC banned Wall Street competition agreement, but bankers and “gardening leave” is not in it

環球市場播報17:54 ET

New Oriental (09901)'s net profit for the third quarter of fiscal year 2024 rose 6.8% year-on-year to US$87.167 million

Jinwu Financial News | New Oriental (09901) announced that for the third quarter ended February 29, 2024, net profit attributable to shareholders was US$87.167 million, up 6.8% year on year; operating profit of US$113 million, up 70.6% year on year; and non-GAAP operating profit was US$142 million, up 60.3% year on year. New Oriental should account for basic net profit of $0.53 per ADS. During the period, net revenue was US$1,257 million, up 60.1% year over year, mainly due to revenue driven by the company's new education-related business and Oriental Select's proprietary products and live streaming e-commerce business

金吾財訊12:09 ET