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<Research>UOB Kay Hian Cuts NEW ORIENTAL-S (09901.HK) TP to $63 as 2FQ Rev. in Line But Profit Misses
Recommend 2 Positive 6 Negative 2 |
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NEW ORIENTAL-S (09901.HK) reported weaker-than-expected 2FQ25 results, according to a research report issued by UOB Kay Hian. Revenue rose 19% YoY, in line with market consensus, but non-GAAP net profit missed the expectations of UOB Kay Hian and the market. Meanwhile, net profit margin fell 2 ppts YoY to 3%. NEW ORIENTAL-S forecasted 3FQ25 revenue to increase 18-21% YoY to US$1.007 billion-US$1.033 billion. Therefore, the broker kept rating at Buy for the Group, and cut its target price to $63, which is equivalent to a projected FY2026 PE ratio of 19.4x. AAStocks Financial News |
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