Goldman Sachs: Valuations tend towards reasonable levels, growth prospects are strong, maintaining "Buy" ratings for New Oriental (EDU.US) and TAL Education (TAL.US).

Goldman Sachs expressed an optimistic outlook for the performance of China's education industry giants New Oriental and TAL Education in 2025, citing more reasonable valuations and still strong growth prospects.

Zhitong Finance06:19 ET

[Brokerage Focus] SWHY maintains Buy rating on New Oriental (09901) but points out that profit growth is hindered by a decline in e-commerce Business sales.

Jingwu Financial News | SWHY's research reports indicate that New Oriental (09901) is expected to generate revenue of 0.993 billion US dollars in the second quarter of fiscal year 2025 (2QFY25, 2024.9-2024.11), a year-on-year increase of 14.2%, with a Non-GAAP Net income of 0.053 billion US dollars, a slight year-on-year growth of 4.7%. The high revenue growth is driven by the continuous growth of the Education Business. Profit growth is hindered by the year-on-year decline in e-commerce sales. The firm indicates that thanks to the rapid growth of quality education training, the 2Q Education Business revenue is expected to increase by 28% year-on-year to 0.872 billion US dollars. The firm anticipates that the non-subject quality education training will achieve annual growth.

Jinwu Financial NewsJan 8 02:12 ET

NEW ORIENTAL-S (09901.HK) plans to hold a Board of Directors meeting on January 20 to approve the interim results.

Gelonghui, January 7, NEW ORIENTAL-S (09901.HK) announced that the Board of Directors will hold a meeting on January 20, 2025 (Monday) to approve the unaudited results for the six months ending November 30, 2024, and their release. The results will be published on the Hong Kong Stock Exchange website before the opening of the market in the USA on January 21, 2025 (Tuesday) (New York time).

Gelonghui FinanceJan 7 04:05 ET

NEW ORIENTAL-S: DATE OF BOARD MEETING

HKEXJan 7 04:03 ET · Announcements

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Moomoo NewsJan 6 16:30 ET

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BenzingaJan 1 12:35 ET