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JPMorgan Newsroom
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Citi: Initiates a "shareholding" rating on New Oriental-S, with a target price of HK$66.
JPMorgan released a research report stating that new oriental-S (09901) core business continues to show strong growth, with revenue and operating profit expected to increase by approximately 30% and 40% respectively in the 2025 fiscal year. The bank rates new oriental as 'shareholding' and sets a target price of HK$66. The report points out that new oriental has exceeded its revenue guidance for the past 9 quarters, but the margin of exceeding guidance has narrowed in recent quarters, disappointing investors. In addition, new oriental's profit margin has been below market expectations in the past 3 quarters. JPMorgan noted that new oriental will enter a new quarter.
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Wall Street bulls predict: s&p 500 index to rise to 6300 points by the end of the year, bitcoin to break through 0.1 million US dollars.
Former JPMorgan chief stock strategist and Chief Investment Officer at Fundstrat Capital, Tom Lee, predicted on Monday that the s&p 500 index will rise to 6300 points by the end of the year, citing favorable market conditions and historical patterns indicating that stocks will continue to strengthen in December. Lee emphasized historical precedents, stating: "In the first half of an election year, when the market rises by more than 10%, there has been a 100% chance of an increase in December." He pointed out that the yield on the 10-year US Treasury fell to 4.1%, creating favorable conditions for multiple expansions. Lee's optimistic view extends to