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

Zhitong FinanceMay 20 03:01 ET

Li Auto Was One Of The Worst-Performing Stocks Last Week: Are These 10 Large-Cap Stocks Losers In Your Portfolio? (May 12-May 18, 2024)

These 10 large-cap stocks were the worst performers last week. Are they in your portfolio?NICE Ltd (NASDAQ:NICE) shares tumbled 15.60% after the company reported Q1 financial results and issued Q2 adj

BenzingaMay 19 19:17 ET

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

BenzingaMay 16 05:40 ET

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.

Zhitong FinanceMay 13 23:20 ET

[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,

金吾財訊May 13 03:51 ET

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

MT NewswiresMay 6 08:55 ET