[Broker Focus] Zheshang Securities maintains New Oriental (09901) “buy” rating, indicating that the education business profit margin repair path is still clear
Jinwu Financial News | According to the Zheshang Securities Research Report, New Oriental (09901) FY2024Q3's revenue was US$1.21 billion, up 60% year on year, higher than the 42%-45% year-on-year growth range of the company's second-quarter guidance. Apart from the continued recovery in the education business, Dongfang Selection showed a high increase in this quarter, driven by Proprietary Brand Day and launched with Huixing, which is the main reason why the revenue side exceeded expectations this time. FY2024q3non-GAAP operating profit and margin were US$141 million and 11.7%, respectively; FY2024q3non-GAAP net profit to mother
Changes in Hong Kong stocks | Excellent Education Group (03978) rose more than 11%, leading the education stock industry's revenue exceeded expectations, and education policy improved marginally
Education stocks were the highest, with Excellence Education Group (03978) rising 11.6% to HK$3.56; New Oriental-S (09901) rising 5.21% to HK$63.65; and Thinking Music Education (01769) rising 4.61% to HK$4.77.
[Broker Focus] The target price of Shanghai Shengxin Oriental (09901) is still optimistic about the long-term development prospects of the industry until HK$87.1
Jinwu Financial News | According to the First Shanghai Development Research Report, as of February 29, '24, New Oriental (09901) FY24Q3 was +60.1% year-on-year to US$1.27 billion, higher than the previous company's performance guidelines (US$1,071-US$1,094 million). Net operating profit of USD 113 million, +70.6% year over year; non-GAAP operating profit of USD 141 million, +60.3% year over year; profit to mother of USD 87 million, +6.8% year over year. Non-GAAP net profit was $105 million, +9.8% YoY. The bank refers to maintaining long-term development for the industry
Scholar Education Repurchases 1.3 Million Shares For Award Scheme
Scholar Education Group (HKG:1769), through a trustee, repurchased about 1.3 million shares from April 17 to 30 as the company adopted a share award scheme, according to a Tuesday filing with the Hong
We Like The Quality Of China Beststudy Education Group's (HKG:3978) Earnings
Shareholders appeared to be happy with China Beststudy Education Group's (HKG:3978) solid earnings report last week. Looking deeper at the numbers, we found several encouraging factors beyond the hea
Thinking Music Education (01769.HK): The trustee purchased a total of 1,326 million shares under the share award scheme
Gelonghui, April 30, 丨 Thinking Music Education (01769.HK) announced that from April 17 to April 30, 2024, according to the program rules and trust deeds, the trustee has purchased a total of 1,326 million shares in the market. The interests of the selected participants are held in trust. The average purchase price per share is approximately HK$4.21. The board of directors believes that the company's current stock price seriously underestimates the company's performance and related value, providing a good opportunity to purchase shares to be used to grant shares in the future under this plan. The company has full confidence in the prospects and prospects of its business. The company will continue to closely monitor market conditions and trading stocks
Cathay Pacific Junan Hong Kong Stock Strategy: Focus on the three major directions of Internet leaders, superior technology, and high dividends
Cathay Pacific Junan released a research report saying that the allocation of Hong Kong stocks focuses on three directions: leading Hong Kong stocks on the Internet, superior technology for Hong Kong stocks, and high dividends for Hong Kong stocks.
[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
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
[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
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
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
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
Changes in Hong Kong stocks | Oriental Selection (01797) rebounded more than 7%, and New Oriental increased its holdings by 1 million shares Goldman Sachs is optimistic that its gross operating margin improved in the fourth fiscal quarter
Oriental Selection (01797) rebounded by more than 7%, and fell by more than 10% yesterday. As of press release, it rose 7.27% to HK$17.12, with a turnover of HK$129 million.
Zhitong Hong Kong Stock Repurchase Statistics|April 26
Hong Kong Stock Repurchase Statistics|April 26
Don't Ignore The Insider Selling In China Beststudy Education Group
Anyone interested in China Beststudy Education Group (HKG:3978) should probably be aware that the Non-Executive Director, Wenhui Xu, recently divested HK$1.1m worth of shares in the company, at an ave
Oriental Selection (01797.HK) received 1 million additional shares from New Oriental
Glonghui, April 26 | According to the Stock Exchange's latest equity disclosure data, on April 24, 2024, Oriental Selection (01797.HK) received New Oriental Education & Technology Group Inc. increased its holdings by 1 million shares at an average price of HK$17.3879 per share on the market, involving approximately HK$17.3879 million. After the increase in holdings, the latest number of shares held by New Oriental Education & Technology Group Inc. is 587,538
Overnight news: Weak GDP and high prices highlight the Fed's plight, Alphabet's earnings exceed expectations, and the ECB Governing Council warns that interest rate cuts are needed
For more global financial information, please go to the 7×24 hour real-time financial news market closing: US stocks closed down, the Dow fell more than 370 points, Meta earnings report and GDP data put pressure on the stock index. Top 20 of the US stock turnover on April 25: Meta stock price fell more than 10%. Its capital expenditure guidelines raised concerns that US oil closed higher on Thursday and fell once after the GDP data was released. Popular Chinese securities rose 3.5%, Pinduoduo fell 1.4%, and the German DAX30 index fell 0.89%, and the macroscopic weak GDP Higher prices highlight the US
Thinking Music Education (01769.HK) spent HK$1 million to buy back 240,000 shares on April 25
On April 25, Ge Longhui Education (01769.HK) issued an announcement. On April 25, 2024, it spent HK$1 million to repurchase 240,000 shares, with a repurchase price of HK$4.12-4.34 per share.
Hong Kong stocks closed (04.25) | Hang Seng Index closed up 0.48%, domestic housing stocks showed strong performance and fell more than 12% after New Oriental-S (09901) results
The Zhitong Finance App learned that the three major indices of Hong Kong stocks had mixed ups and downs. The Hang Seng Index rebounded for four consecutive trading days. After opening slightly lower in early trading, it quickly rose and turned red. The intraday high was 17,434 points to a new high during the new year, then the increase narrowed, showing a volatile adjustment trend. At the close, the Hang Seng Index rose 0.48% or 83.27 points to 17,284.54 points, with a full-day turnover of HK$119.12 billion; the Hang Seng State-owned Enterprises Index rose 0.33% to 6120.37 points; and the Hang Seng Technology Index fell 0.54% to 3554.3 points. CCB International previously indicated that as the Hang Seng Index stabilized its previous low in late January (20