On June 16, New Oriental-S fell 3.08% in regular trading, trading at HK$35.92/share, with turnover of HK$13.45 million.
On the news front, the company previously reported third fiscal quarter results with net revenue rising 19.8% year-over-year to US$1.417 billion, operating profit surging 44.8%, and net income attributable to shareholders climbing 45.3%, all exceeding market expectations. However, the company's forward guidance remained uninspiring with no upward revision, continuously suppressing stock price performance. Although the stock had previously staged a valuation recovery rally, the tepid guidance outlook has kept market confidence under pressure, with shares extending their pullback from recent highs.
Within the Education Services sector, the broader group showed collective weakness. Among individual stocks, China Education Group up 1.6%, China East Education down 3.61%, Able Digital down 1.57%, Tianli International Holdings down 1.55%, Yuhua Education down 1.35%.
(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.)
Comments