Daiwa Raises NEW ORIENTAL-S Target Price to HK$60 Following Strong Q3 Results

Stock News04-23 18:10

Daiwa has released a report adjusting its forecasts for NEW ORIENTAL-S (09901). Due to an increase in losses attributable to non-controlling interests, the firm lowered its earnings per share estimates for fiscal years 2026 to 2028 by 0.4% to 4%. Despite this, Daiwa reaffirmed its "Buy" rating and raised the target price from HK$57 to HK$60.

NEW ORIENTAL-S delivered robust performance in the third quarter of fiscal 2026, with both revenue and profit exceeding market expectations by 5% and 7%, respectively. Following stronger-than-anticipated growth momentum, management raised its fiscal 2026 revenue growth guidance from 8%-12% year-on-year to 13%-14%.

The report suggests that improved revenue growth and operational efficiency have enhanced the visibility of profit growth. Looking ahead to fiscal 2027, Daiwa expects profit growth to reach 30% year-on-year, partly driven by cost savings from the integration of overseas test preparation and consulting services, as well as narrowing losses in the cultural tourism business. For fiscal 2028, profit is projected to grow 22% year-on-year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1126731450?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-23 18:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1126731450","market":"sh","top_or_hot":-1,"title":"Daiwa Raises NEW ORIENTAL-S Target Price to HK$60 Following Strong Q3 Results","media":"Stock News","content":"<p>Daiwa has released a report adjusting its forecasts for NEW ORIENTAL-S (09901). Due to an increase in losses attributable to non-controlling interests, the firm lowered its earnings per share estimates for fiscal years 2026 to 2028 by 0.4% to 4%. Despite this, Daiwa reaffirmed its \"Buy\" rating and raised the target price from HK$57 to HK$60.</p>\n<p>NEW ORIENTAL-S delivered robust performance in the third quarter of fiscal 2026, with both revenue and profit exceeding market expectations by 5% and 7%, respectively. Following stronger-than-anticipated growth momentum, management raised its fiscal 2026 revenue growth guidance from 8%-12% year-on-year to 13%-14%.</p>\n<p>The report suggests that improved revenue growth and operational efficiency have enhanced the visibility of profit growth. Looking ahead to fiscal 2027, Daiwa expects profit growth to reach 30% year-on-year, partly driven by cost savings from the integration of overseas test preparation and consulting services, as well as narrowing losses in the cultural tourism business. For fiscal 2028, profit is projected to grow 22% year-on-year.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daiwa Raises NEW ORIENTAL-S Target Price to HK$60 Following Strong Q3 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaiwa Raises NEW ORIENTAL-S Target Price to HK$60 Following Strong Q3 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-04-23 18:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Daiwa has released a report adjusting its forecasts for NEW ORIENTAL-S (09901). Due to an increase in losses attributable to non-controlling interests, the firm lowered its earnings per share estimates for fiscal years 2026 to 2028 by 0.4% to 4%. Despite this, Daiwa reaffirmed its \"Buy\" rating and raised the target price from HK$57 to HK$60.</p>\n<p>NEW ORIENTAL-S delivered robust performance in the third quarter of fiscal 2026, with both revenue and profit exceeding market expectations by 5% and 7%, respectively. Following stronger-than-anticipated growth momentum, management raised its fiscal 2026 revenue growth guidance from 8%-12% year-on-year to 13%-14%.</p>\n<p>The report suggests that improved revenue growth and operational efficiency have enhanced the visibility of profit growth. Looking ahead to fiscal 2027, Daiwa expects profit growth to reach 30% year-on-year, partly driven by cost savings from the integration of overseas test preparation and consulting services, as well as narrowing losses in the cultural tourism business. For fiscal 2028, profit is projected to grow 22% year-on-year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"","article_id":"1126731450","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126731450","pubTimestamp":1776939039,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Daiwa has released a report adjusting its forecasts for NEW ORIENTAL-S (09901). Due to an increase in losses attributable to non-controlling interests, the firm lowered its earnings per share...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","BK1519":"在线教育","BK1556":"内地教育股","BK4506":"内地教育股","09901":"新东方-S","BK4509":"腾讯概念","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","BK4510":"在线教育","EDU":"新东方","BK4204":"教育服务","BK4531":"中概回港概念","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0048580855.USD":"富达大中华区A","LU0823426480.USD":"法巴中国股票经典Dis","LU2517655028.SGD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (SGDHDG) ACC","BK4526":"热门中概股","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0823426308.USD":"法巴中国股票基金","BK4585":"ETF&股票定投概念","BK4563":"昨日强势股","LU2517655291.USD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (USD) ACC","BK4503":"景林资产持仓","LU0502904849.HKD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (HKD) ACC","SG9999002950.SGD":"United Asian Growth Opportunities SGD","LU0359201612.USD":"贝莱德中国基金A2","BK1228":"教育服务","LU2517655374.HKD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (HKD) ACC","BK1588":"回港中概股","LU0455707207.USD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (USD) INC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0370786039.SGD":"Fidelity Greater China A-SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU0594300419.USD":"富达中国消费基金A","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","BK4505":"高瓴资本持仓","BK4535":"淡马锡持仓","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","SG9999001051.SGD":"United Asia Fund SGD","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","SG9999006597.SGD":"United China-India Dynamic Growth SGD","EWH":"香港ETF-iShares MSCI","BK1596":"K12教育","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC"},"translate_title":"第三季度业绩强劲，大和将新东方-S目标价上调至60港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09901":1,"EDU":1,"EWH":1},"content_text":"Daiwa has released a report adjusting its forecasts for NEW ORIENTAL-S (09901). Due to an increase in losses attributable to non-controlling interests, the firm lowered its earnings per share estimates for fiscal years 2026 to 2028 by 0.4% to 4%. Despite this, Daiwa reaffirmed its \"Buy\" rating and raised the target price from HK$57 to HK$60.\nNEW ORIENTAL-S delivered robust performance in the third quarter of fiscal 2026, with both revenue and profit exceeding market expectations by 5% and 7%, respectively. Following stronger-than-anticipated growth momentum, management raised its fiscal 2026 revenue growth guidance from 8%-12% year-on-year to 13%-14%.\nThe report suggests that improved revenue growth and operational efficiency have enhanced the visibility of profit growth. Looking ahead to fiscal 2027, Daiwa expects profit growth to reach 30% year-on-year, partly driven by cost savings from the integration of overseas test preparation and consulting services, as well as narrowing losses in the cultural tourism business. For fiscal 2028, profit is projected to grow 22% year-on-year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1126731450","isCrawlerRequest":true}