Movement Alert｜NEW ORIENTAL-S Intraday Rise 3.97% in Regular Trading, Shares Rebound After Prior Earnings-Led Selloff

Market Focus10-30 09:36

On October 30, NEW ORIENTAL-S rose 3.97% in Regular Trading, trading at HK$38.92, with turnover of HK$22.35 million.

The latest market move followed a sharp selloff after the company reported fiscal first-quarter results, with the subsequent rebound reflecting a partial recovery from that earnings-driven weakness.

For the quarter ended August 31, NEW ORIENTAL-S reported net revenue of $1.874 billion, up 23.1% year over year, operating profit of $374.7 million, up 20.5%, and net income attributable to shareholders of $273.2 million, up 13.5%. The company reaffirmed full-year revenue guidance of $6.454 billion to $6.680 billion, implying growth of 14% to 18%. However, operating margin was 20.0%, down from 20.4% a year earlier, while deferred revenue rose 11.2% to $2.12 billion, factors that had fueled concerns about slower margin expansion and growth moderation. Several brokerages also lowered target prices while maintaining positive ratings.

(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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