CMBI Raises NEW ORIENTAL TP to USD82; Stable Revenue Growth and Margin Expansion
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CMBI has raised its target price for NEW ORIENTALto USD82, reflecting stable revenue growth and margin expansion. The company reported a 20% YoY increase in net revenue for Q3 FY2026, reaching USD1.42 billion, exceeding market expectations. Management anticipates a 15% to 18% YoY revenue growth for Q4 FY2026. CMBI also increased its forecasts for NEW ORIENTAL's non-GAAP operating profit for FY2026 to FY2028 by 5% to 14%. The broker maintains a Buy rating, expecting significant growth in various education sectors.
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