New Oriental Education 9901; US: EDU

[winston]

vested

<Research>BofAS Trims NEW ORIENTAL-S (09901.HK) TP to $49.3, Keeps Rating at Buy

BofA Securities issued a research report lowering its FY2025/ FY2026 non-GAAP EPS forecasts for NEW ORIENTAL-S (EDU.US) by 3%/ 8% each to reflect weaker-than-expected overseas revenue growth and lower margin assumptions.

The broker trimmed its target prices for NEW ORIENTAL-S' US stock/ H-shares to US$63.2/ $49.3 from US$68.6/ $53.5.

Despite weak overseas business, K19 business remains resilient with margin improvement, which will account for over 50% of revenue in FY2025.

BofA Securities reiterated rating at Buy due to positive risk-reward and continuous share buyback.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN