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NEW ORIENTAL-S (09901.HK) has received additional shareholding of 2.5832 million ordinary shares from First Beijing Investment Limited, valued at approximately 93.2163 million Hong Kong dollars.
On March 28, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 28, First Beijing Investment Limited increased its shareholding in $NEW ORIENTAL-S(09901.HK)$ by acquiring 2.5832 million ordinary shares at an average price of HKD 36.0856 per share on March 25, with a total value of approximately HKD 93.2163 million. After the increase, First Beijing Investment Limited's latest number of shares held is 86.9074 million, and the proportion of good warehouse increased from 4.97% to 5.12%.
Major Rating | Daiwa: Downgraded New Oriental's Target Price to HKD 50, revised down revenue and earnings per share forecast.
On March 28, Glonghui reported that Daiwa published a report predicting that New Oriental's core revenue for the third quarter of the 2025 fiscal year will increase by 21% year-on-year, lower than the previous expectation of 25%, while total revenue is expected to decline by 2% year-on-year. Although the demand for K12 small class courses is stable, it is anticipated that the revenue from high-end overseas exam preparation and Consulting Services in the second half of the current fiscal year will be below management's expectations, resulting in annual growth in overseas-related revenue further slowing to 11% to 12%. Due to Consumer caution in spending on high-end Travel Services, the growth in cultural tourism revenue during the winter holiday period also did not meet the company's expectations. The institution forecasts a slowdown in the company's revenue growth of 14% for the next fiscal year, attributing this to overseas market conditions.
Daiwa has lowered its forecast for New Oriental (09901.HK) quarterly revenue, expecting that the growth in overseas Business and cultural tourism income will not meet expectations.
Daiwa released a report forecasting that New Oriental (09901.HK) will see a 21% year-on-year increase in core revenue for the third fiscal quarter of 2025, which is lower than the previous expectation of 25%, while total revenue is expected to decline by 2% year-on-year. Although demand for K12 small class courses remains stable, it is anticipated that the revenue from high-end overseas exam preparation and Consulting Services in the second half of the current fiscal year will be lower than management's expectations, resulting in further slowing of year-on-year growth of overseas-related revenue to 11% to 12%. Due to consumers' cautious spending on high-end Travel Services, the growth of cultural tourism revenue during the winter vacation period also fell short of the company's expectations. The firm also predicts the company's quarterly core business operating profit under non-GAAP will be.
Hong Kong stocks movement | Most education stocks rose, CHINA EAST EDU (00667) surged 12% after earnings, and the Sector's valuation expectations have significant upward potential.
Most education stocks rose, as of the time of writing, CHINA EAST EDU (00667) increased by 11.52%, trading at 4.84 HKD; Neusoft Ruixin Group (09616) rose by 5.23%, trading at 3.22 HKD; SCHOLAR EDU (01769) increased by 2.59%, trading at 4.75 HKD; BESTSTUDY EDU (06169) rose by 1.91%, trading at 4.27 HKD; NEW ORIENTAL-S (09901) increased by 1.64%, trading at 37.2 HKD.
U.S. stock market closing | The tariff news disrupts the market again, with all three major Indexes falling, the Nasdaq down over 2%, and both NVIDIA and Tesla falling more than 5%; Berkshire Hathaway A shares broke the 0.8 million dollar mark during the
The three major US stock indexes fell for the first time in four days, with Technology stocks leading the decline. The chip index dropped over 3%; Super Micro Computer fell nearly 9%. The China concept index ended six consecutive declines. The Autos Sector fell over 2%, leading the decline in European stocks. The yield on the ten-year US Treasury bond rebounded, nearing a four-week high. Following the announcement of auto tariffs, the USD hit a three-week high. Bitcoin briefly fell over 2000 dollars. Crude Oil Product reached a new high this month, with Brent Oil rising for five consecutive days. Gold has retreated.
Recent 12% Pullback Isn't Enough to Hurt Long-term New Oriental Education & Technology Group (NYSE:EDU) Shareholders, They're Still up 285% Over 3 Years