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New Oriental Newsroom
US stock market closed | The three major indices rose and fell differently, with most large technology stocks rising, nvidia rising more than 4% to hit a new historical high.
Banks index dropped nearly 2%, small cap stocks fell 1.6%, the decline of Chinese concept stocks narrowed, nvidia rose over 4% to catch up with apple, pdd holdings and Bilibili turned positive, xpeng rose over 3%.
US stock market outlook: Chinese assets collectively rise before the market! YINN surged more than 15%, bilibili rose more than 7%; Goldman Sachs: debt conversion is the first step in China's fiscal big move, which will stimulate economic growth.
Trump claimed to have received a 'plea for help' call from Cook, involving Apple being fined heavily by the European Union; Is there still an 'undercurrent' behind the bull market of US stocks? Goldman Sachs: The rise of the US dollar is a major threat; The gold price continues to hit new highs! As risk aversion heats up, spot gold rises above $2,700.
CICC Morgan Stanley raised New Oriental (EDU.US) target price to $83, rated as 'shareholding'.
Morgan Stanley has released a research report adjusting the profit forecast of New Oriental (EDU.US) for the fiscal years 2025 to 2027 and beyond, while raising its target price for its US stocks from $75 to $83, giving it a "shareholding" rating. The bank stated that New Oriental is exploring new opportunities in non-academic counseling, intelligent learning devices, and cultural tourism, and utilizing its strong brand awareness and innovative business model to continue expanding the company's market share. Morgan Stanley expects New Oriental to gain more share in traditional businesses, mainly due to strong demand and insufficient supply. The bank believes that this rating reflects New Oriental's market leadership.
Central Bank's major announcement! Reserve ratio cut, interest rate cut, officially launching share buyback and shareholding refinancing.
Pan Gongsheng stated that it is expected to carefully assess the market liquidity situation before the end of the year, and opportunistically further lower the deposit reserve ratio by 0.25-0.5 percentage points; reduce the open market 7-day reverse repurchase operation rate by 0.2 percentage points.
Earnings Preview: New Oriental to Report Financial Results Pre-market on October 23
$New Oriental(EDU.US)$ is scheduled to release its financial results pre-market on October 23 ET. Earnings PreviewAnalysts estimate $New Oriental(EDU.US)$ to post revenue of USD1.44B for 2025Q1, up 31
New Oriental-S (09901.HK) was subject to a shareholding reduction of 1.8292 million shares by Norges Bank.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on October 14, 2024, New Oriental-S (09901.HK) was reduced by Norges Bank at an average price of HK$57.1792 per share, reducing 1.8292 million shares, involving approximately HK$0.105 billion. After the shareholding, Norges Bank's latest number of shares held is 83,084,942 shares, and the shareholding ratio has decreased from 5.00% to 4.90%.
New Oriental to Hold Annual General Meeting on November 25, 2024
Hong Kong stock abnormality | Kingdee Int'l (00268) rose more than 4%, its subsidiary Kingdee Software China has reached a cooperation agreement with New Oriental to initiate a financial system upgrade project.
kingdee int'l (00268) rose over 4%, as of the press release, up 4.55%, at 8.74 Hong Kong dollars, with a turnover of 28.3572 million Hong Kong dollars.
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
New Oriental (09901.HK) collaborates with Kingdee Software to upgrade its financial management system in China.
Kingdee Int'l (00268.HK) announced a collaboration with New Oriental (09901.HK) to initiate a financial system upgrade project. The two parties plan to adopt the new generation of large enterprise intelligent EBC Kingdee Cloud. Xinghan, covering the original Kingdee EAS system. It is expected to significantly enhance New Oriental's business and financial integration capabilities, laying the foundation for its business and financial integration, and further extending financial control. It is expected that through this collaboration, both parties will streamline and optimize the general ledger accounting operations of 750 financial organizations, applying intelligent technology to improve the accuracy and timeliness of business and financial data.
New Oriental - S (09901.HK) plans to hold a board of directors meeting on October 22 to approve quarterly performance.
Gelonghui October 9th, New Oriental-S (09901.HK) issued an announcement that the board of directors will hold a meeting on October 22, 2024 (Tuesday) to approve the unaudited performance as of August 31, 2024 (including the release). The company will announce the performance on the Hong Kong Stock Exchange website() before the opening of the US market on October 23, 2024 (Wednesday) New York time. The performance conference call will be held at 8:00 pm on October 23, 2024 (Wednesday) Hong Kong time.
NEW ORIENTAL-S: DATE OF BOARD MEETING
Hong Kong stocks unusual movement | New Oriental-S (09901) rose more than 3%, reaching a cooperation with SenseTime Technology to jointly create educational digital individuals that have been launched in multiple cities nationwide.
new oriental -S (09901) rose more than 3%, as of the deadline, rose 3.45%, reported 58.5 Hong Kong dollars, with a turnover of 0.111 billion Hong Kong dollars.
Shares of US-listed Chinese Stocks Are Trading Lower After Chinese Planning Officials Reportedly Fell Short of Investor Stimulus Expectations.
US stock outlook | Popular Chinese stocks pulled back sharply before the market, Pinduoduo fell more than 8%; the market refocused on US CPI, Damo: US core CPI is expected to rise moderately in September
Overseas listed china etfs pulled back, 3x long ftse china etf-direxion plunged more than 25% in pre-market trading, 3x short ftse china etf-direxion soared more than 32% in pre-market trading; Piper Sandler bullish on Google, pinterest and other internet plus-related stocks Q3 performance; US earnings season kicks off this week: profit expectations significantly decreased.
[Brokerage Focus] Swhy maintains a buy rating on New Oriental (09901), expecting high revenue and profit growth in Q1 of its 25 fiscal year driven by the growth of its education business.
Golden Guard Financial News | swhy issued a research report, expecting that new oriental (09901) first quarter of the 25th fiscal year (1QFY25, 2024.6-2024.8) revenue of 1.462 billion US dollars, a year-on-year increase of 32.9%, Non-GAAP net income attributable to mothers of 0.277 billion US dollars, a year-on-year increase of 46.4%. The high growth in revenue and profit is driven by the continuous growth of the education business. The bank expects that the revenue contribution from east buy in 1Q will be approximately 0.22 billion US dollars, with revenue shares of 15%, lower than the 19% in 4QFY24 by about 4 percentage points. The bank expects that east buy will be close to breakeven, mainly due to divestment.
US stocks in action | New Oriental pre-market fell more than 9%, with Morgan Stanley lowering the target price of H shares and adjusting net profit forecast.
October 8th, Guolong reports | New Oriental (EDU.US) pre-market trading on the US stock market fell by about 9.8%, to $71.77. On the news front, Morgan Stanley released a report, lowering its forecast for the non-GAAP net income of New Oriental for the fiscal years 2025 to 2027 to between 11.6% and 13.3%, based on the downward revision of the company's revenue forecast and non-GAAP operating profit forecast. The bank's target price for New Oriental's listed in Hong Kong has been lowered from HK$71 to HK$63.1, with the target forecast for the fiscal year 2025 P/E ratio maintained at 25 times, and an investment rating of "outperform the market". The bank expects that the non-academic K9 business will still be strong, with significant growth.
Shangtang (00020.HK) reached a cooperation agreement with New Oriental International Education.
Shangtang (00020.HK) announced a collaboration with new oriental-S (09901.HK)'s new oriental international education, based on Shangtang's Ruying AI video generation platform, new oriental international education can mass produce digital avatar videos, significantly improving production efficiency and cost effectiveness, achieving cost reduction and efficiency improvement in education communication. The digital avatars of new oriental international education jointly created by both sides have been officially launched in multiple cities nationwide.
new oriental-S (09901.HK): Leading in quality education, all business sectors show pleasing growth.
Investment Highlights: We expect new oriental's first quarter of FY25 (1QFY25, 2024.6-2024.8) revenue to be $1.462 billion, a year-on-year growth of 32.9%, Non-GAAP net income attributable to the parent company 2.
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