[Brokerage Focus] Huachuang Securities gives New Oriental (09901) an initial "recommendation" rating, pointing to the recovery of its traditional business demand.

Jingu's Wealth News | Huachuang Securities issued a research report stating that New Oriental (09901) was established in 1993 and is a leading domestic education and training company. It initially started with overseas exam training business, and subsequently gradually expanded into primary and secondary school courses, adult education, and college entrance exam training, among other fields. After the dual reduction policy was introduced in 2021, the company completely stopped K9 subject training and started diversified transformation, including 1) focusing on the education field, actively expanding business such as quality and character education training, smart learning hardware, etc.; 2) opening up new businesses such as live streaming e-commerce and study tours based on company genes. Currently, the company benefits from the recovery of traditional business demands (foreign study/adult education and college entrance exam training).

金吾財訊Jun 14 03:08 ET

Hong Kong Stock Market Movement | Yu Minhong apologizes late and claims responsibility. East Buy (01797) rose more than 6%, New Oriental-S (09901) rose more than 3%.

New Oriental shares rose across the board in early trading. As of press time, East Buy (01797) rose 6.15% to HKD 15.88; New Oriental - S (09901) rose 3.81% to HKD 61.25.

Zhitong FinanceJun 6 21:36 ET

[Brokerage Focus] Bocom Intl indicates that fundamental factors are still important indicators for investment in the internet plus-related industry. Selecting stocks prioritizes performance growth.

Jingu Finance News | Bocom International has released its outlook for the internet industry in the second half of the year. Valuations of Chinese internet companies are currently one standard deviation below the historical average over the past two years, and companies with stable performance growth and clear industry competition should have upward valuation potential. Shareholder returns in the industry are currently lagging behind, especially in terms of dividend yields compared to high dividend industries, and fundamentals remain an important indicator for internet industry investment. The stock selection criteria are as follows: performance growth > industry competition > industry space > new business potential > shareholder returns > valuation multiple space. Bullish on Tencent (00700) / Ctrip (09961) / PDD Holdings / New Oriental (099).

金吾財訊Jun 6 20:52 ET

Overnight News: SpaceX successfully completed its fourth test flight, and Starship successfully achieved a soft landing at sea. Citigroup Wealth Management suggests that the equal weight index of S&P 500 may outperform the benchmark index.

For more global financial news, please visit 7x24H real-time financial news. Market Closing: S&P index remained basically unchanged as the market awaits non-farm payrolls data in May. On June 6, the top 20 U.S. stocks by trading volume were topped by Apple, surpassing Nvidia to become the second-largest company in the U.S. market capitalization. Popular China concept stocks rose and fell on Thursday: Pinduoduo rose 0.7%, New Oriental rose 2.2%, and NIO fell 6.9%. U.S. WTI crude oil rose 2% on Thursday, rising for the second consecutive day. Major European stock indexes closed higher, with the German DAX30 index up 0.45%. Macro: Citibank Wealth: The S&P 500 equal weight index may outperform the benchmark index.

環球市場播報Jun 6 17:26 ET

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

The Zhitong Finance App learned that according to a research report released by BOC International, the estimated revenue of New Oriental-S (09901) in 2025-2026 is 5.4 billion and 6.5 billion US dollars, respectively, with operating profit margins of 14%/16%, respectively. Based on a price-earnings ratio of 25 times in fiscal year 2024 and without considering the value contributions brought by the Group's Oriental Select (01797) proprietary products and live e-commerce business, the target price of Hong Kong stocks was maintained at HK$89 and the “buy” rating. The bank expects New Oriental's revenue for the fourth quarter of fiscal year 2024 ending the end of May to increase 31% year-on-year to US$1,128 million. Offline teaching sites

Zhitong FinanceJun 2 22:36 ET

[Broker Focus] BOC International maintains New Oriental (09901) purchase rating and estimates that revenue for the fourth quarter of FY2024 will increase 31% year-on-year

Jinwu Financial News | According to the BOC International Development Research Report, the bank expects New Oriental (09901) to generate revenue of US$1,128 billion in the fourth quarter of fiscal year 2024, +31% year-on-year, at the upper limit of the 28-31% growth rate guided by the company. Expected income from studying abroad to prepare for the exam is +21% /high school +21% /non-subject literacy +59% compared to 19%/21%/63% expected by VisibleAlpha. The bank estimated adjusted operating profit of 69 million US dollars, and the adjusted operating profit margin was 6.1%, down 3 percentage points from the previous year. Of these, 1.4 percentage points came from the expansion of teaching sites and cultural tourism investment

金吾財訊Jun 2 20:50 ET