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<Research>G Sachs Lifts NEW ORIENTAL-S (09901.HK) TP to $47, Keeps Rating at Neutral
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The management of NEW ORIENTAL-S (09901.HK)(EDU.US) framed several key points during the 1FQ26 earnings call, including the expectation that K12 business revenue growth will accelerate in 2FQ26, the Group's operating profit margin will expand YoY during the same period, and shareholder returns for the coming year will not be lower than 2025 level, according to Goldman Sachs' research report. Therefore, the broker kept rating at Neutral, and lifted its target prices for NEW ORIENTAL-S' H-shares/ US stock from $42/ US$54 to $47/ US$60. Goldman Sachs also lowered its revenue forecast for EAST BUY (01797.HK) by 12% to 13%, but reduced its adjusted net profit forecast by only 2% to 3%, reflecting an improved profit margin forecast. Therefore, the broker rated EAST BUY at Sell, and added its target price from $9 to $10.2. AASTOCKS Financial News Website: www.aastocks.com |
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