由于教育业务利润率扩张速度放缓，将新东方至2027财政年度每股盈利预测下调6%至7%。该行对其长远增长展望维持不变，重申“买入”评级，H股目标价由70港元降至67港元。New Oriental-S (09901) rose nearly 4% in the intraday period. As of press release, it was up 3.6% to HK$44.5, with a turnover of HK$30.5886 million.
The Zhitong Finance App learned that New Oriental-S (09901) rose nearly 4% in the intraday period. As of press release, it had risen 3.6% to HK$44.5, with a turnover of HK$30.5886 million.
According to the news, Yamato released a research report saying that management stated at the investor conference that it will maintain the education business's annual revenue growth target of 30% year-on-year. Management said seasonal factors were a key factor contributing to year-on-year fluctuations in revenue from the first quarter to the second quarter of fiscal year 2025. Excluding cultural tourism activities, the bank estimates that the year-on-year growth in its education revenue will remain stable.
New Oriental's earnings forecast per share for the 2027 fiscal year was lowered by 6% to 7% due to the slowing rate of profit margin expansion in the education business. The bank maintained its long-term growth outlook, reaffirmed its “buy” rating, and lowered its target price for H shares from HK$70 to HK$67.
