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

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.

Zhitong FinanceMay 6 02:49 ET

[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

金吾財訊May 3 02:53 ET

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.

Zhitong FinanceMay 2 23:49 ET

[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

金吾財訊May 2 23:14 ET

Express News | NYSE Order Imbalance 77536.0 Shares on Sell Side

ReutersMay 2 15:50 ET