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NEW ORIENTAL-S Picks Up ~6% as Major Brokers Adjust TPs Post-Earnings
Recommend 3 Positive 3 Negative 0 |
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NEW ORIENTAL-S (09901.HK) opened 3.5% lower following its earnings release but rebounded to gain 5.78%, last trading at HKD37.5 with 4.536 million shares traded, involving HKD165 million. It has been the best-performing blue-chip stock in early trading. Goldman Sachs noted that the company's management emphasized cost control and operational efficiency, raising the stock’s target price from HKD40 to HKD42 with a Buy rating. However, UBS pointed to weaker 4Q revenue guidance, lowering its U.S. share target price from USD76.2 to USD72.4 while maintaining a Buy rating. AAStocks Financial News |
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