New Oriental HKEX Listing: An Attractive Growth Profile but Expensive
In this note, we take a quick look at New Oriental Education (EDU US)'s fundamentals and the valuation ahead of its HKEX listing.
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New Oriental Hong Kong Secondary - Might Be Relatively Small
New Oriental Education (EDU US) plans to raise around US$1bn in its secondary listing in Hong Kong. While the company has filed its PHIP, the exact...
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US Dollar Weakness Remains A Tailwind For EM
China accounts for the vast majority of today’s recommendations. Taiwan (TAIEX) continues to be worthy of an overweight within EM, while Brazil...
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New Oriental (EDU): Wait for Lower Price or Wait for Better Financials in F3Q21
EDU’s student growth turned positive in 1Q21. We believe financials will be better in 3Q21. However, the stock price surge before the quarterly...
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New Oriental (EDU): Will Stop Declining in Two Quarters, but Over-Optimistic at Current Price
We believe revenue will continue YoY decline in 1Q21 (ended August 2020). We believe the stock price reflects that the market was over-optimistic...
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