New Oriental Education & Technology's Growth Outlook Likely Unchanged -- Market Talk

Dow Jones11-19

0423 GMT - New Oriental Education & Technology's long-term growth outlook is likely unchanged, Daiwa Capital Markets analysts say in a research report. The Chinese company expects revenue growth to pick up in fiscal 2H, as its K-9 education business is ramping up and overseas test preparation adjustments will probably spur 20% revenue growth, the analysts note. Management expects its new education business to grow 40%-50% in FY 2026, with capacity expansion sustained at 20%-25%, they add. However, Daiwa cuts its FY 2026-FY 2027 EPS forecasts for the company by 6%-7% to reflect moderate education-margin expansion. It lowers the target price on H-shares to HK$67.00 from HK$70.00 and on ADRs to US$86.00 from US$90.00. Its ADRs last closed at US$55.97; its H-shares are last at HK$43.00. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 18, 2024 23:23 ET (04:23 GMT)

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The Chinese company expects revenue growth to ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0370786039.SGD","symbol_name":"Fidelity Greater China A-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484950158","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484950158","pubTimestamp":1731990180,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0423 GMT - New Oriental Education & Technology's long-term growth outlook is likely unchanged, Daiwa Capital Markets analysts say in a research report. 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