Core Viewpoint - Daito's report indicates that New Oriental-S (09901) exceeded market expectations for its Q2 FY2026 performance, primarily due to improved profitability in its education business and contributions from Dongfang Zhenxuan [1] Group 1: Financial Performance - The company raised its revenue growth guidance for FY2026 from 5%-10% to 8%-12% due to stronger-than-expected revenue growth in K12 and overseas study segments [1] - The report highlights clearer visibility for profit growth driven by efficiency improvements and contributions from Dongfang Zhenxuan [1] Group 2: Earnings Forecast - Based on the upward revision of Dongfang Zhenxuan's profit forecast, the earnings per share (EPS) estimates for New Oriental for FY2027 to FY2028 have been increased by 0.4% to 1.4% [1] - The target price for New Oriental has been raised from HKD 53 to HKD 57, maintaining a "Buy" rating [1]
大和：新东方-S(09901)盈利增长能见度更清晰 升目标价至57港元