该行表示，维持对新东方2025财年收入增长31%预测，调整后运营利润率同比优化1个百分点至13%，至5.8亿美元。第二财季收入料为8.7亿美元，同比增28%，管理层指引则为25%-28%。Bocom Intl maintains a 31% revenue growth forecast for New Oriental in the 2025 fiscal year.
Wisdom Finance APP learned that Bocom Intl issued a research report stating a target price adjustment for New Oriental-S(09901) to 75 Hong Kong dollars, maintaining a "buy" rating. Based on the disclosed business data for the first quarter of the 2025 fiscal year, adjusting the profit forecast and valuation for New Oriental.
The bank believes that the short-term overall performance growth of the company will still be affected by the uncertainty of the East Buy (01797) business, but the education and cultural tourism businesses continue to perform steadily. Although the profit contribution of East Buy is still uncertain, it has a relatively small impact on the overall profit/loss of New Oriental.
The bank stated that it maintains a 31% revenue growth forecast for New Oriental in the 2025 fiscal year, optimizing the operating profit margin by 1 percentage point year-on-year to 13%, at 0.58 billion US dollars. Second-quarter revenue is expected to be 0.87 billion US dollars, up 28% year-on-year, compared to management's guidance of 25%-28%.
