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<Research>CICC: NEW ORIENTAL-S (09901.HK) Core Biz Growth Pressure Continues to Be Absorbed w/ Improved Profitability
Recommend 7 Positive 13 Negative 2 |
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NEW ORIENTAL-S (09901.HK)(EDU.US)'s core business growth pressure continued to be absorbed, with improved profitability, CICC released a research report saying. It is expected that revenue for 4FQ25 ended May will increase by 5% YoY to US$1.197 billion. Non-GAAP operating profit is projected to be US$38.06 million, corresponding to a non-GAAP operating profit margin of 3.2%, flat YoY. Excluding EAST BUY (01797.HK), CICC estimated NEW ORIENTAL-S' core business revenue to incline by 13% YoY to US$1.037 billion, basically unchanged from the high end of the company's previous guidance range of between US$1.0091 billion and US$1.0366 billion. The broker introduced its FY2027 revenue forecast at US$6.35 billion and a non-GAAP net profit forecast of US$733 million. CICC kept rating at Outperform for NEW ORIENTAL-S' US stock, with a target price of US$62. AASTOCKS Financial News Website: www.aastocks.com |
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