Group 1 - New Oriental's Hong Kong stock surged nearly 8%, leading to a nearly 6% pre-market increase in its US stock [1] - Daiwa's research report indicates that New Oriental's overall business development is stabilizing, with improved K-9 fall student retention rates and no further deterioration in overseas exam preparation services [1] - Daiwa raised New Oriental's revenue forecasts for the fiscal years 2026 to 2028 by 1% to 2%, and adjusted earnings per share forecasts upward by 0.2% to 5% [1] Group 2 - As of September 26, New Oriental's closing price was $51.350, with a market capitalization of $8.172 billion [1] - The stock's trading volume was 569,900 shares, with a price-to-earnings ratio (TTM) of 22.33 [1] - The stock has a 52-week high of $82.675 and a low of $40.660, indicating significant price volatility [1]

Group 1 - New Oriental-S (09901) shares increased by over 5%, reaching a price of HKD 41.62 with a trading volume of HKD 114 million [1] - Guosheng Securities reported that as of FY25Q4, the company's deferred revenue (customer prepayments) was USD 1.955 billion, reflecting a year-over-year increase of 9.8%, indicating growth in the collection side which supports future revenue [1] - The company projects FY2026Q1 net revenue (including Dongfang Zhenxuan) to grow by 2% to 5% year-over-year, reaching USD 1.464 to 1.507 billion, with conservative guidance due to a high base in FY25Q1 and rescheduling of K12 business due to the early Spring Festival in 2025 [1] Group 2 - Daiwa noted that after reviewing New Oriental-S's operational status for the summer semester of 2025 and the performance of Dongfang Zhenxuan for FY2025, the overall business development of the group appears stable, with improved K-9 fall student retention rates and no further deterioration in overseas exam preparation services [2] - New Oriental announced plans to distribute no less than 50% of its net profit attributable to shareholders from the previous fiscal year in the form of dividends or share buybacks starting from FY2026 [2] - Daiwa believes that the anticipated shareholder return ratio could significantly exceed the group's commitment of 50%, potentially reaching high double-digit percentages or even over 100%, which is seen as a key positive catalyst for the shares [2]