Daiwa Reiterates 'Buy' Rating on NEW ORIENTAL-S, Raises Target Price to HK$60

Deep News04-25 11:00

Daiwa Capital Markets has released a research report stating that it has lowered its earnings per share forecast for NEW ORIENTAL-S (09901) for fiscal years 2026 to 2028 by 0.4% to 4%, primarily due to an increase in losses attributable to non-controlling interests. Despite this adjustment, the firm reaffirmed its "Buy" rating on the stock and increased the target price from HK$57 to HK$60.

NEW ORIENTAL-S reported solid performance for the third quarter of fiscal 2026, with both revenue and profit exceeding market expectations by 5% and 7%, respectively. Given the stronger-than-anticipated growth momentum, management has raised its revenue growth guidance for fiscal 2026 from a year-on-year increase of 8%-12% to 13%-14%. The report suggests that visibility on profit growth has improved, driven by revenue expansion and enhanced operational efficiency.

Looking ahead to fiscal 2027, Daiwa anticipates that profit growth could reach 30% year-on-year. This is expected to be partly supported by cost savings resulting from the integration of the overseas test preparation and consulting businesses, as well as a reduction in losses from the cultural tourism segment. For fiscal 2028, profit is projected to grow by 22% year-on-year.

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Despite this adjustment, the firm reaffirmed its \"Buy\" rating on the stock and increased the target price from HK$57 to HK$60.</p>\n<p>NEW ORIENTAL-S reported solid performance for the third quarter of fiscal 2026, with both revenue and profit exceeding market expectations by 5% and 7%, respectively. Given the stronger-than-anticipated growth momentum, management has raised its revenue growth guidance for fiscal 2026 from a year-on-year increase of 8%-12% to 13%-14%. The report suggests that visibility on profit growth has improved, driven by revenue expansion and enhanced operational efficiency.</p>\n<p>Looking ahead to fiscal 2027, Daiwa anticipates that profit growth could reach 30% year-on-year. This is expected to be partly supported by cost savings resulting from the integration of the overseas test preparation and consulting businesses, as well as a reduction in losses from the cultural tourism segment. For fiscal 2028, profit is projected to grow by 22% year-on-year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0572944931.SGD","symbol_name":"Janus Henderson Horizon China Opportunities A2 SGD","start_time":0,"source_url":"","article_id":"1178075890","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178075890","pubTimestamp":1777086055,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Daiwa Capital Markets has released a research report stating that it has lowered its earnings per share forecast for NEW ORIENTAL-S (09901) for fiscal years 2026 to 2028 by 0.4% to 4%, primarily due...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","SG9999001051.SGD":"United Asia Fund SGD","SG9999006597.SGD":"United China-India Dynamic Growth SGD","BK1556":"内地教育股","BK4506":"内地教育股","BK1519":"在线教育","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","BK4509":"腾讯概念","LU0359201612.USD":"贝莱德中国基金A2","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","BK1588":"回港中概股","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","BK4510":"在线教育","EWH":"香港ETF-iShares MSCI","EDU":"新东方","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","BK4204":"教育服务","BK1228":"教育服务","BK4531":"中概回港概念","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","BK4526":"热门中概股","LU0502904849.HKD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","BK4563":"昨日强势股","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK4503":"景林资产持仓","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","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0823426308.USD":"法巴中国股票基金","LU2517655291.USD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (USD) ACC","BK4505":"高瓴资本持仓","BK4535":"淡马锡持仓","SG9999002950.SGD":"United Asian Growth Opportunities SGD","LU2517655374.HKD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (HKD) ACC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0455707207.USD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (USD) INC","LU2328871848.SGD":"Eastspring Investments - China A Shares Growth AS SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0594300419.USD":"富达中国消费基金A","09901":"新东方-S","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","BK1596":"K12教育","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK4588":"碎股"},"translate_title":"大和重申新东方-S“买入”评级，目标价上调至60港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWH":1,"09901":1,"EDU":1},"content_text":"Daiwa Capital Markets has released a research report stating that it has lowered its earnings per share forecast for NEW ORIENTAL-S (09901) for fiscal years 2026 to 2028 by 0.4% to 4%, primarily due to an increase in losses attributable to non-controlling interests. 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