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      Cinda Securities: optimistic about New Oriental Online long-term development space and maintain its overweight rating

      $New Oriental (EDU.US)$ $NEW ORIENTAL-S (09901.HK)$
      Cinda securities $CINDA INTL HLDG (00111.HK)$ maintained New Oriental Online early profit forecast. It is expected that the revenue of New Oriental Online $EAST BUY (01797.HK)$ FY2022/FY2023/FY2024 will be 902/23.63/3.279 billion yuan respectively, and the net profit attributable to the parent will be -1.029/5.30/837 billion yuan respectively.

      Based on the high vision of live broadcast e-commerce, Cinda securities are optimistic about the barriers of New Oriental Online in terms of brand and high-quality content output capacity. With the improvement of supply chain capacity, the proportion of self operated products has increased. Cinda securities are optimistic about its long-term development space and maintain the overweight rating.
      Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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      • whqqq : I have read the news about this company. Their founder still has a lot of cash in his account after spending 22billion on withdrawing course fees and compensating employees. However, many company bosses are neither willing to compensate employees nor take active and effective measures to improve their income. I think New Oriental is a good company.[undefined]

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