New Oriental Sets Date for Quarterly Earnings Call

New Oriental Education & Technology Group, Inc. (HK:9901) has released an update.

TipRanksJul 16 05:12 ET

NEW ORIENTAL-S: DATE OF BOARD MEETING

Hong Kong Stock ExchangeJul 16 05:00 ET · Announcements

New Oriental WoXing Tianxia International Travel Co., Ltd. was established in Beijing, with Yu Minhong serving as the director.

Jingu Finance News | According to the Tianyancha App, Beijing Peking New Oriental Wow Travel World International Travel Co., Ltd. was recently established with a registered capital of 5 million RMB. The legal representative and chairman of the board of directors is Yu Minhong. Its business scope includes tourism, conference and exhibition services, camping site services, organizing sports performances, sports competition organization, organizing cultural and artistic exchange activities, ticket agency services, etc. The panoramic penetration map of equity shows that the company is wholly owned by Beijing Peking New Oriental Wakefield International Education Travel Co., Ltd., which is a wholly-owned subsidiary of Beijing New Oriental Wenhua Tourism Co., Ltd.

金吾財訊Jul 15 04:30 ET

Brokerage Swhy maintains a buy rating for New Oriental (09901) and expects its education business to continue to grow significantly.

Shenwan Hongyuan released a research report, predicting that in the fourth quarter of the fiscal year 2024 (4QFY24, March to May 2024), New Oriental's revenue will reach 1.178 billion US dollars, a year-on-year increase of 36.9%, and non-GAAP net income attributable to the mother will be 0.058 billion US dollars, a year-on-year decrease of 6.5%. The high growth in revenue was driven by the continued growth of the education business and the continued growth of the GMV of Eastbuy. The negative growth in profit was due to the increase in store opening costs caused by the accelerated expansion of teaching sites, the growth in year-end bonus expenses, and the narrowing of the profit margin of Eastbuy. The bank expects to benefit from cultural and educational training and studying abroad.

金吾財訊Jul 15 03:09 ET

Examining 3 US Growth Companies With High Insider Ownership And A Minimum 18% Revenue Growth

Yahoo FinanceJul 9 15:31 ET

US stocks hit new highs, with Apple's market cap surpassing Microsoft's, Tesla rising for the ninth consecutive day, silver futures falling by 3% at one point, and French stocks opening high and falling low.

Waiting for this week's US CPI and PPI inflation and Powell's congressional hearing. The New York Fed survey found that Americans' inflation expectations have fallen for two consecutive months, and the market is still betting on two interest rate cuts later this year. The S&P and Nasdaq have hit new highs for at least four days in a row, and Apple's market cap has surpassed Microsoft to become the largest company. Nvidia's increase has been cut in half after a nearly 4% increase, and TSMC briefly rose more than 4.8% in market cap, breaking the $1 trillion barrier. AI concept stocks such as Arm and Oracle also hit new highs and Intel and Super Micro Computer rose more than 6%. The Chinese concept stock index fell 1%, Xpeng Motors fell more than 6%, and Niu Technologies rose 16%. The second round of the French parliament elections unexpectedly ended without any political party obtaining an absolute majority, and European stocks rose but fell in the final session. The euro and French bond yields also opened high

wallstreetcnJul 8 18:41 ET