《大行報告》大和上調新東方-S(09901.HK)目標價至48元 首財季強勁盈利似乎已反映
大和發表研究報告指出,相信新東方-S(09901.HK)2024財年首季收入按年增長38%,相對於公司指引增長32%至35%,市場預期增長35%至36%,主要受新計劃(STEAM和遊學團)及今年夏季海外考試準備的強勁需求推動。該行料公司非通用會計準則(non-GAAP)經營利潤率擴大210點子至15.1%,符合市場預期。
展望2024財年第二季,該行預期基於東方甄選直播業務的高基數,新東方2024財年次季的收入增長將較首季回落,料按年增長29%至8.22億美元,經營利潤率達6.4%。
此外,該行將新東方2024至2025財年盈利預測上調1%至4%,基於需求強勁,重申對其「買入」評級,目標價由46元上調至48元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.