EDU New Oriental
- 79.980
- +0.230+0.29%
- 79.030
- -0.950-1.19%
New Oriental News
Komo: Target price for New Oriental-S (09901) “Plus” rating reduced to HK$71
The Zhitong Finance App learned that Xiaomo released a research report stating that it gave New Oriental-S (09901) an “additional share” rating and adjusted the valuation model to reflect New Oriental's results for the third fiscal quarter ending the end of February last month. The forecast for future earnings was raised by 5%, but the average earnings per share was reduced by 10% to reflect the reset of profit margin forecasts for the current fiscal quarter. The target price was lowered from HK$75 to HK$71. The bank said that New Oriental traded short-term pain for long-term benefits. Also, its revenue for the final fiscal quarter ending the end of May rose 31% year on year. The current company guidelines the upper limit, and slowed from the 60% increase far above normal levels for the third fiscal quarter. However, the line was cut relatively drastically
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Nayax Posts Weak Q1 Results, Joins GameStop, Iris Energy And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Thursday.Shares of Nayax Ltd. (NASDAQ:NYAX) fell sharply in today's pre-market trading following weak
Changes in Hong Kong stocks | Xile Education (01769) rose more than 12%, leading education stocks, higher education, high-quality enterprises, and there is room for repair in the current valuation center
Education stocks were strong in early trading. As of press release, China Education Holdings (01769) rose 11.97% to HK$5.52; China Education Holdings (00839) rose 6.01% to HK$5.47; Zhonghui Group (00382) rose 5.66% to HK$2.8; and New Oriental-S (09901) rose 3.5% to HK$69.55.
[Broker Focus] China Merchants Securities maintains New Oriental (09901) “Highly Recommended” rating and believes it benefits from brand advantages
Jinwu Financial News | According to the China Merchants Securities Research Report, New Oriental (09901) FY24Q3 achieved revenue of 1.21 billion US dollars year-on-year, an increase of 60% year-on-year, exceeding unanimous market expectations. The adjusted net profit to mother was US$120 million, slightly lower than the market's agreed expectations. The profit margin of the education business continues to expand, and in the short term, it is slightly affected by the decline in gross margin of the self-operated live streaming business. The bank expects the company to benefit from brand advantages and continue to recover rapidly after the transformation. Short-term profit margins may be under pressure due to the promotion of proprietary products and staff wages in the live streaming business, but the profit margin of the education business continues to expand. As the red line of non-subject supervision continues to be clarified,
Research Alert: CFRA Maintains Buy Opinion On Shares Of New Oriental Education & Technology
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our revised target price of USD90 (from
China Galaxy Securities: Expected poor opportunities for recommending higher education and gaming sectors in the context of improving Hong Kong stock expectations
Along with the recent overall strengthening of the Hong Kong stock market, China Galaxy Securities proposes to focus on higher education and gaming sectors with large differences in expectations and attractive valuations.
[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
Express News | NYSE Order Imbalance 77536.0 Shares on Sell Side
Trending Industry Today: Bilibili Leads Gains In Online Education Stocks
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Deutsche Bank, Daqo New Energy And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Monday.Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) fell sharply in today's pre-market trading after
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Earnings Miss: New Oriental Education & Technology Group Inc. Missed EPS By 11% And Analysts Are Revising Their Forecasts
US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
Express News | New Oriental Education Shares Are Trading Higher Amid Overall China Strength
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April 26th - US stocks trending pre-market: Gainers: $Freight Technologies(FRGT.US)$ shoots up 32.42% to $1.21 with a turnover of $5.28 million. $Snap Inc(SNAP.US)$ soars 25.17% to $14.27 with a turno
New Oriental Education & Technology Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
[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
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