New Oriental Education & Technology (EDU.US)      (09901.HK)  -0.150 (-0.408%)    Short selling $41.18M; Ratio 22.832%   logged a 2% YoY decline in its 3QFY25 revenue, while its education business revenue rose by 21% YoY, in line with guidance, according to a report from Macquarie.

The company's non-GAAP OP margin after excluding SD GOLD (01787.HK)  +0.200 (+0.805%)    Short selling $30.63M; Ratio 9.906%   dropped by 1.8 ppts YoY to 13.3%, slightly better than the guided decrease of 2-2.5 ppts.

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Although the company expected profit margins to expand on cost controls in FY26, Macquarie is concerned that the slowdown in its overseas business will negatively impact the business mix and put pressure on its profit margins.

Macquarie adjusted its FY25/ FY26/ FY27 non-GAAP net profit forecasts for the company by +10.7%/ -1.4%/ -3.3%. The broker also chopped its target price for NEW ORIENTAL-S (09901.HK)  -0.150 (-0.408%)    Short selling $41.18M; Ratio 22.832%   from $31.9 to $25.7 and the target price for New Oriental Education & Technology (EDU.US)      from US$41 to US$33, with an Underperform rating remaining in place.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)