[Broker Focus] Shen Wan Hongyuan maintains New Oriental (09901) purchase rating, indicating speeding up production capacity expansion and increasing profit measurement

Jinwu Financial News | According to Shen Wan Hongyuan Research Report, New Oriental (09901) announced results for the third quarter of FY24 (3QFY24, 2023.12-2024.2), with revenue of US$1.27 billion, up 60.1% year on year, and non-GAAP net profit of US$105 million, up 9.8% year on year. Revenue exceeded expectations, and its high growth continued to be driven by the literacy training business and study abroad business. According to the bank, because the company further increased the speed of network expansion, the company's operating profit margin remained flat year-on-year due to preemptive costs such as rent and hiring additional teachers. However, the bank believes that it has been reported in multiple quarters

金吾財訊Apr 26 03:22 ET

Trending Industry Today: EAST BUY Leads Gains In Online Education Stocks

April 26th - The industry of $Online Education(BK1193.HK)$ is trending higher today with 5 constituents up and EAST BUY leading Gains.$EAST BUY(01797.HK)$ up 8.27% to HK$17.28 with a turnover of HK$32

moomoo NewsApr 26 02:50 ET

[Broker Focus] Northeast Securities maintains the New Oriental-S (09901) “buy” rating, indicating that its advantages are prominent in the current supply and demand pattern

Jinwu Financial News | According to the Northeast Securities Research Report, New Oriental-S (09901) released Summary] FY2024Q3 Quarterly Report. From December 2023 to February 2024, the company achieved net revenue of US$1.27 billion/+60.1%, operating profit of US$113 million/ +70.6%, net profit to mother of US$87 million/ +6.8%, non-GAAP operating profit of US$141 million/ +60.3%, non-GAAP net profit of US$105 million/ +9.8%; the revenue side exceeded the previous period Guideline 10.71-10

金吾財訊Apr 26 01:47 ET

Citibank: Maintaining the New Oriental-S “Buy” Rating and Raising the Target Price by 90% to HK$99

Citi released a research report saying that, driven by the K-9 business, New Oriental-S (09901)'s revenue for the third fiscal quarter increased 60.1% year over year, but due to Oriental selection delays, the profit margin before interest and tax remained at the level of 11.7% under non-US GAAP. The bank expects that without Oriental Selection, profit margins will increase by 3 percentage points. The target price was raised by 90% to HK$99, which is the bank's first choice in the K-12 education industry and maintains a “buy” rating. For the fourth fiscal quarter, the bank predicts a 29% year-on-year increase in revenue, but the profit margin will fall to 5.9% due to increased production capacity and increased employee motivation

新浪港股Apr 26 00:05 ET

BOC International: Maintaining the New Oriental-S “Buy” Rating and Lowering the Target Price to HK$89

BOC International released a research report stating that without considering Oriental Selection (01797), the target price for the New Oriental-S (09901) was lowered to HK$89, corresponding to the price-earnings ratio of 33 and 27 times for the 2024/25 fiscal year and 48% profit growth rate for the 2025 fiscal year, maintaining the “buy” rating. Due to increased investment in Oriental Selection, the Group's operating margin forecast was lowered from 14% and to 12.8%. The bank indicated that it raised revenue by 4% and 24% for the 2024/25 fiscal year, driven by Oriental Selection and the volume of cultural tourism revenue. After the quarterly results were released, the stock price closed down 14%, mainly affected by short-term pressure on profit margins. Currently

新浪港股Apr 26 00:03 ET

BOC International: Maintaining the New Oriental-S (09901) “Buy” Rating and Lowering the Target Price to HK$89

The Zhitong Finance App learned that BOC International released a research report stating that the target price of the New Oriental-S (09901) was lowered to HK$89 without considering Oriental Selection (01797), corresponding to the price-earnings ratio of 33 and 27 times in FY2024/25 and 48% profit growth in FY2025, maintaining a “buy” rating. Due to increased investment in Oriental Selection, the Group's operating margin forecast was lowered from 14% and to 12.8%. The bank indicated that it raised revenue by 4% and 24% for the 2024/25 fiscal year, driven by Oriental Selection and the volume of cultural tourism revenue. After the quarterly results were released, the stock price closed down 14%, mainly due to profit

Zhitong FinanceApr 25 22:30 ET