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New Oriental Newsroom
New Oriental to Report Fourth Quarter 2024 Financial Results on July 31, 2024
BEIJING, July 2, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, to
Bocom Intl Rating: Valuations of the mainland internet plus-related industry have recently pulled back, supported by performance and buybacks
On July 2nd, Guolonghui reported that bocom intl published a research report, rating the mainland internet industry as a leader. The report mentioned that in the second quarter of 2024, there is a sustained significant increase in shareholding of software-related industries in the Hong Kong stock market. Advertising and entertainment remain higher than the industry average, but shareholding in the e-commerce industry continues to decline. International institutional holdings are mainly concentrated in the life service, e-commerce, and gaming industries, with a higher shareholding ratio than the industry average. It has a significant difference in preference from the Hong Kong stock market, and has slightly rebounded in shareholding of entertainment and advertising companies, but still below the average. In June, the sentiment of the Mainland's internet sector fell back, and the China Internet ETF (KWEB) fell by 7% month-on-month, compared with a 6% rise in the Nasdaq and a 2% drop in the Hang Seng Index.
Express News | Dong Yuhui's company received a license for TV program production.
Express News | East buy anchor Mingming apologized for the controversy over the use of 'mountains and rivers shattered': a casual choice of words without timely correction.
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
Jefferies slightly lowers New Oriental Education's (EDU.US) target price to $107.7 and rates it as "buy".
Jefferies slightly lowers New Oriental Education's (EDU.US) target price to $107.7 and rates it as "buy".
US stocks are abnormal, with New Oriental up 2% in pre-market trading and bullish forecasts from institutions.
On June 26, Gelunhui | New Oriental (EDU.US) rose 2.03% before the market and reported $78. Daiwa issued a report stating that it raised New Oriental's revenue forecast for the fiscal year 2025 to 2026 by 3% to 4% to reflect higher assumed transactions of commodities from East Buy. Daiwa expects New Oriental's fourth-quarter revenue in fiscal year 2024 to increase by 32.5% year-on-year to US$1.14 billion, with expected growth relative to the company's guidance of 28% to 31%. The operating profit forecasted by non-US GAAP for operating profit is $69 million, and net profit is forecasted to be $74 million. The bank's forecast is basically consistent with the market expectations.
Daiwa has reiterated its "buy" rating on New Oriental-S (09901) with a target price of HK$78.
Daiwa has raised its revenue forecast for New Oriental-S (09901) for FY2025 to FY2026 by 3% to 4%.
Hong Kong stock market midday review | Three major indices rose and fell, the Science Index turned downwards, Bilibili fell nearly 5%; chip stocks fell, Semiconductor Manufacturing International Corporation fell more than 3%.
Futu News reported on June 25th that the three major Hang Seng Indexes rose and then fell back during the morning session. As of noon, the Hang Seng Index rose 0.45%, the Technology Index fell 0.26%, and the State-Owned Enterprise Index rose 0.54%. Education stocks rose across the board, while semiconductor stocks continued to fall.
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.
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
Express News | The NASDAQ China Golden Dragon Index rose, currently up more than 1%. New Oriental rose more than 7%, Tal Education and GDS Holdings rose more than 6%, Xpeng and Li Auto Inc rose more than 3%.
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
Director of New Oriental, Yu Minhong: "Excessive regulation" will lower the innovation capability and space of Chinese enterprises.
On June 22, Gelunhui | The 2024 Yabuli Forum Innovation Annual Meeting was held in Shenzhen. In the opening speech, Yu Minhong, rotating chairman of the Yabuli China Entrepreneur Forum and chairman of New Oriental Education and Technology Group, said: "Chinese people have a passion for new things, and any new thing will become 'hot.' 'Cuàn' is everyone's desire for new development, but it also reduces the ability and space for innovation of Chinese enterprises. The reason is that once 'Cuàn', especially in the face of the lbx pharmacy chain joint stock product 'Cuàn', it will lead to a decrease in price and R&D costs."
US stock market early trading | The three major indexes have mixed gains and losses, semiconductor stocks have declined, and Nvidia has fallen more than 4%.
Most popular China concept stocks declined, with XKE surpassing 4% decrease, Netease falling over 2%, JD.com and PDD Holdings both dropping nearly 2%, and Bilibili rising against the trend with over 3% increase.
US stocks close | S&P hits new highs, Tesla rises more than 5%, Qualcomm and Broadcom stock prices hit new highs.
Micron Technology and Taiwan Semiconductor hit a new closing high, while GameStop fell more than 12%; Bilibili rose more than 6%, while NIO Inc and Xpeng rose more than 2%.
Chinese online education stocks are generally rising, with Gaotu increasing by more than 5.7%.
As of June 13th, Gaotu increased by more than 5.7%, 17 education & technology increased by more than 5.1%, tal education increased by more than 3.1%, youdao increased by more than 1.7%, new oriental increased by more than 1.4%, and 51talk increased by more than 1.2%.
Express News | Yu Minhong and Dong Yuhui jointly live: did not respond to hot topics, and the GMV on the same day as Yuhui exceeded 10 million yuan.
New Oriental-S (09901.HK) In-depth research report: The light boat has passed through thousands of mountains, and diversified transformation has revitalized.
As an established leader in educational training, the company has diversified and reached a turning point in operations. Founded in 1993, the company initially focused on training for overseas exams and has since gradually expanded into areas such as K-12 education, adult education, and university student exam prep.
BOCI Securities has raised the target price for New Oriental Education & Technology Group Inc. (EDU.US) to $105.23, while its education and training business remains strong.
Due to rumors related to East Buy (01797.HK), the stock price of New Oriental (EDU.US) has recently weakened, according to a report by BOC International. However, the bank recommends that the market should pay attention to the steady fundamentals of New Oriental, as education business accounts for about 80% of New Oriental's sales and over 80% of its profits. The high growth of new education business, high school education and training for going abroad and consulting sector will drive the increase in New Oriental's revenue and profit. The report pointed out that due to the stronger-than-expected growth of the education business, the expected sales growth for the fourth quarter of New Oriental's fiscal year 2024 has been raised from an annual growth of 26% to 30.5%.