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New Oriental Education and Technology Group
EDU.NISIN: US6475811070SEDOL: B1CN1G6 |
Rating: BUY |
Target Price: 80.00 USD |
Investment Horizon: 6 to 12 months |
2Q 09 News Alert
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New Oriental Education and Technology Group (New Oriental) reported healthy y-o-y growth in 2Q 09 revenues driven by a significant improvement in student enrollment. Macroeconomic concerns remained dominant, which impacted bourses and led to New Oriental’s ADR depreciating 11.5% since our last update report. However, we remain optimistic regarding growth in total student enrollments and the…
1Q 09 Update Report
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New Oriental Education and Technology Group (New Oriental) reported strong 1Q 09 results, with revenue growth surpassing Management guidance as well as our expectations, driven by robust performances from both the Educational Program & Services and Books & Others segments. Earnings in the quarter displayed robust improvement, in line with our expectations. We are encouraged by New Oriental’s strong…
1Q 09 News Alert
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New Oriental Education and Technology Group (New Oriental) reported strong 1Q 09 results with y-o-y growth in revenues, driven by a significant improvement in student enrollment. However, the company reported lower than expected operating level growth. Although the ongoing global financial crisis led New Oriental’s ADR to depreciate 22% since our last update report, continual growth in total student enrollments, particularly in test…
Company News Alert
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New Oriental Education and Technology Group’s (New Oriental) ADR has declined significantly since our previous update report on account of a potential slowdown in the Chinese economy led by the challenging global economic environment....
4Q 08 Update Report
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New Oriental Education and Technology Group (New Oriental) reported robust, higher than expected 4Q 08 and FY 2008 results due to strong revenue growth from diversified education programs. Although the Olympics will have marginally affect new enrollments in the Beijing region and thereby revenues in the near term, we remain optimistic regarding new educational programs and student enrollments to prepare for the Gaokao entrance examination. ...
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