New Oriental Education_Quality compounder at a (deep) bargain; affirm OW
Edgar， Dunn & Company·2024-12-05 02:58
Asia Pacific Equity Research 03 December 2024 J P M O R G A N New Oriental Education Quality compounder at a (deep) bargain; affirm OW EDU has corrected 30% over the past six months, significantly lagging KWEB (+5%) and even TAL (-14%), despite solid momentum in its core business. We attribute this to various concerns, including issues around East Buy, seemingly mixed results and a tad softer guidance, none of which we consider thesischanging. Instead, EDU's sustained strong momentum in core businesses - ab ...