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Goldman Sachs: Maintains Buy rating on NEW ORIENTAL-S (09901) and raises the Target Price to 42 Hong Kong dollars.
The bank gained confidence from New Oriental's earnings report conference call for the February quarter. Management emphasized their focus on cost control and improving operation efficiency during the meeting, and they expect that the operating profit margin (OPM) for New Oriental's core business will expand in the May quarter and the 2026 fiscal year.
Macquarie: Downgraded NEW ORIENTAL-S Target Price to HKD 25.7, expects its operating margin will be under pressure.
Macquarie released a Research Report stating that due to NEW ORIENTAL-S (09901) facing a decline in profitability, affected by a slowdown in revenue momentum, as well as adverse factors such as overseas Business, the tourism industry, and its subsidiary EAST BUY (01797) dragging down operating margin, it has lowered the Target Price by 19.4%, from HKD 31.9 to HKD 25.7, maintaining an "underperform" rating. The report indicates that NEW ORIENTAL's management has reduced the revenue growth guidance for the fourth quarter of the 2025 fiscal year from 16% to 10-13%, and expects that the overseas Business in the 2026 fiscal year will be weak. At the same time, Macquarie anticipates that the group's operating margin in the 2026 fiscal year will be...
New Oriental Expects Q4 Net Revenues (Excluding East Buy and Livestreaming) Between $1.01 B-$1.04 B Vs. $1.22B Est., Reflecting 10-13% YoY Growth
E-commerce platforms are intensifying the "foreign trade to domestic sales" initiative, and EAST BUY surged over 8%.
① Can the "foreign trade to domestic sales" initiative promoted by China's e-commerce platforms effectively relieve the pressure on foreign trade enterprises? ② How do Institutions view the future of the Consumer Industry?
Hong Kong stocks movement | EAST BUY (01797) rose over 9% as the company launched a special action for "Quality Foreign Trade Products Entry".
EAST BUY (01797) rose over 9%. As of the time of writing, it has increased by 8.27%, reported at 12.3 Hong Kong dollars, with a transaction volume of 0.11 billion Hong Kong dollars.
EAST BUY (01797.HK) plans to extend the share buyback program for another year until July 25, 2026.
On March 24, GELONGHUI reported that EAST BUY (01797.HK) announced its plan to repurchase company shares in the open market, with a value of no more than 0.5 billion yuan starting from July 25, 2024, for a period of one year. The Board of Directors has decided to extend the share repurchase plan for another year until July 25, 2026. The Board believes that (i) conducting share repurchases under the current circumstances will demonstrate the company's confidence in its own business outlook and prospects, ultimately benefiting the company and creating value for shareholders, and (ii) the company’s current financial resources will allow it to implement share repurchases while maintaining a sound financial position.
