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大和：重申新东方-S(09901)“买入”评级 目标价78港元

Daiwa has reiterated its "buy" rating on New Oriental-S (09901) with a target price of HK$78.

Zhitong Finance ·  Jun 26 10:32

Daiwa has raised its revenue forecast for New Oriental-S (09901) to 3%-4% for fiscal years 2025 to 2026.

According to the Zhongtong Financial APP, Daiwa has released a research report reaffirming its "buy" rating on New Oriental-S (09901), and raised its revenue forecast for fiscal years 2025 to 2026 by 3%-4% to reflect higher transaction amounts for East Buy (01797) products, with a target price of HKD 78.

Daiwa expects that New Oriental's fourth-quarter revenue for the fiscal year 2024 will increase by 32.5% year-on-year to USD 1.14 billion, which is higher than the company's guidance of 28% to 31%. The non-GAAP operating profit forecast is USD 69 million, and the net profit forecast is USD 74 million. The bank's forecast is in line with market expectations.

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