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New Oriental Newsroom
Zheshang Securities' education sector performance in the second quarter: K12 expansion speed up, while adult and vocational education growth is temporarily under pressure.
The expansion of production capacity of K12 leading enterprises continued to accelerate, while maintaining market share expansion.
New Oriental Sets Date for Quarterly Earnings Call
New Oriental Education & Technology Group, Inc. (HK:9901) has released an update.
NEW ORIENTAL-S: DATE OF BOARD MEETING
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.
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.
Examining 3 US Growth Companies With High Insider Ownership And A Minimum 18% Revenue Growth
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
Bocom Intl: Bullish on internet plus-related sector performance/buyback support stock price, focusing on Netease-S in July.
Bocom intl released a research report stating that the sentiment of the mainland internet plus-related sector fell in June, with the Chinese internet index (KWEB) falling 7% month-on-month, compared with a 6% increase in the nasdaq and a 2% decline in the Hang Seng Index.
BofA Securities Maintains New Oriental(EDU.US) With Buy Rating, Maintains Target Price $111.2
BofA Securities analyst Lucy Yu maintains $New Oriental(EDU.US)$ with a buy rating, and maintains the target price at $111.2.According to TipRanks data, the analyst has a success rate of 50.0% and a t
Hong Kong stock market changes | New Oriental-S (09901) rose more than 6%. Offline teaching points may accelerate expansion and summer enrollment growth is expected to maintain a relatively fast pace.
New Oriental-S (09901) rose more than 6%, as of press time, up 6.3%, at HKD 59.9, with a turnover of HKD 92.8219 million.
Top Gap Ups and Downs on Monday: TSM, QCOM, SNY and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
New Oriental Education & Technology Up Over 7%, on Pace for Largest Percent Increase Since June 2023 -- Data Talk
New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU) is currently at $76.86, up $5.52 or 7.73% --Would be highest close since June 10, 2024, when it closed at $78.50 --On pace for lar
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
[Brokerage Focus] Huachuang Securities gives New Oriental (09901) an initial "recommendation" rating, pointing to the recovery of its traditional business demand.
Jingu's Wealth News | Huachuang Securities issued a research report stating that New Oriental (09901) was established in 1993 and is a leading domestic education and training company. It initially started with overseas exam training business, and subsequently gradually expanded into primary and secondary school courses, adult education, and college entrance exam training, among other fields. After the dual reduction policy was introduced in 2021, the company completely stopped K9 subject training and started diversified transformation, including 1) focusing on the education field, actively expanding business such as quality and character education training, smart learning hardware, etc.; 2) opening up new businesses such as live streaming e-commerce and study tours based on company genes. Currently, the company benefits from the recovery of traditional business demands (foreign study/adult education and college entrance exam training).
Hong Kong Stock Market Movement | Yu Minhong apologizes late and claims responsibility. East Buy (01797) rose more than 6%, New Oriental-S (09901) rose more than 3%.
New Oriental shares rose across the board in early trading. As of press time, East Buy (01797) rose 6.15% to HKD 15.88; New Oriental - S (09901) rose 3.81% to HKD 61.25.
[Brokerage Focus] Bocom Intl indicates that fundamental factors are still important indicators for investment in the internet plus-related industry. Selecting stocks prioritizes performance growth.
Jingu Finance News | Bocom International has released its outlook for the internet industry in the second half of the year. Valuations of Chinese internet companies are currently one standard deviation below the historical average over the past two years, and companies with stable performance growth and clear industry competition should have upward valuation potential. Shareholder returns in the industry are currently lagging behind, especially in terms of dividend yields compared to high dividend industries, and fundamentals remain an important indicator for internet industry investment. The stock selection criteria are as follows: performance growth > industry competition > industry space > new business potential > shareholder returns > valuation multiple space. Bullish on Tencent (00700) / Ctrip (09961) / PDD Holdings / New Oriental (099).
Overnight News: SpaceX successfully completed its fourth test flight, and Starship successfully achieved a soft landing at sea. Citigroup Wealth Management suggests that the equal weight index of S&P 500 may outperform the benchmark index.
For more global financial news, please visit 7x24H real-time financial news. Market Closing: S&P index remained basically unchanged as the market awaits non-farm payrolls data in May. On June 6, the top 20 U.S. stocks by trading volume were topped by Apple, surpassing Nvidia to become the second-largest company in the U.S. market capitalization. Popular China concept stocks rose and fell on Thursday: Pinduoduo rose 0.7%, New Oriental rose 2.2%, and NIO fell 6.9%. U.S. WTI crude oil rose 2% on Thursday, rising for the second consecutive day. Major European stock indexes closed higher, with the German DAX30 index up 0.45%. Macro: Citibank Wealth: The S&P 500 equal weight index may outperform the benchmark index.
BOC International: Maintaining the New Oriental-S (09901) “Buy” Rating Target Price of HK$89
The Zhitong Finance App learned that according to a research report released by BOC International, the estimated revenue of New Oriental-S (09901) in 2025-2026 is 5.4 billion and 6.5 billion US dollars, respectively, with operating profit margins of 14%/16%, respectively. Based on a price-earnings ratio of 25 times in fiscal year 2024 and without considering the value contributions brought by the Group's Oriental Select (01797) proprietary products and live e-commerce business, the target price of Hong Kong stocks was maintained at HK$89 and the “buy” rating. The bank expects New Oriental's revenue for the fourth quarter of fiscal year 2024 ending the end of May to increase 31% year-on-year to US$1,128 million. Offline teaching sites
[Broker Focus] BOC International maintains New Oriental (09901) purchase rating and estimates that revenue for the fourth quarter of FY2024 will increase 31% year-on-year
Jinwu Financial News | According to the BOC International Development Research Report, the bank expects New Oriental (09901) to generate revenue of US$1,128 billion in the fourth quarter of fiscal year 2024, +31% year-on-year, at the upper limit of the 28-31% growth rate guided by the company. Expected income from studying abroad to prepare for the exam is +21% /high school +21% /non-subject literacy +59% compared to 19%/21%/63% expected by VisibleAlpha. The bank estimated adjusted operating profit of 69 million US dollars, and the adjusted operating profit margin was 6.1%, down 3 percentage points from the previous year. Of these, 1.4 percentage points came from the expansion of teaching sites and cultural tourism investment
NIO And Best Buy Were Among 10 Stocks That Shined The Brightest Last Week: Are They In Your Portfolio?
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