On October 29, NEW ORIENTAL-S recorded an Intraday Decline of 9.21% in Regular Trading, with shares trading at HK$37.8 and turnover of HK$79.42 million.
The clearest catalyst was the market reaction to its fiscal first-quarter results released on October 28, after which its US-listed shares fell sharply even though revenue and profit increased year over year.
For the quarter ended August 31, the company reported net revenue of about $1.875 billion, up 23.1% year over year, operating profit of about $375 million, up 20.5%, and non-GAAP net profit of about $301 million, up 16.5%. Net income attributable to shareholders was about $273 million, up 13.5%. The company also reiterated full-year revenue guidance of $6.454 billion to $6.680 billion, implying growth of 14% to 18%, announced a cash dividend of $0.2 per ordinary share, and authorized up to $200 million in share repurchases. Despite these figures, post-results trading showed pronounced selling pressure, which aligns with the current weakness.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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