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New Oriental EDU & Tech

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0423 | Dolphin Research Focus: 🐬 Stock #1, $XIAOMI-W(01810.HK). Xiaomi rolled out the MiMo‑V2.5 suite overnight, featuring four new models.The flagship Reasoning V2.5 and the multimodal Agent V2.5‑Pro enter public beta and will be open‑sourced. V2.5‑TTS and V2.5‑ASR will launch later.The lineup centers on agent use cases, with token efficiency notably improved. V2.5‑Pro is benchmarked against top‑tier Intl models such as GPT‑5.4. AI iteration is accelerating...

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Xiaomi fires off 4 MiMo LLM releases; TSM puts ASML's newest litho tool on hold | Daily News Recap

New Oriental

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Below is Dolphin Research's Trans of $New Oriental EDU &amp; Tech(EDU.US) FY26 Q3 earnings call. For the earnings read, please see 'Study-Abroad Headwinds, Skills Training Profitable: EDU Steadies Again'.I. Core results recap 1) Shareholder returns: Under the previously announced shareholder return plan, the FY2026 ordinary dividend totals $0.12/share ($1.2/ADS), to be paid in two tranches. The first tranche has been distributed. The second, $0.06/share ($0.6/ADS), has a record date of May 15, 2026 (Beijing/Hong Kong time and New York time)...

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EDU (Trans): Mktg. spend optimization is another driver of future margin expansion

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$New Oriental EDU &amp; Tech(EDU.US) released FY26 Q3 results pre-mkt on Apr 22 (Beijing time), covering part of the fall semester and the winter break from Dec 2025 to Feb 2026. Results and guidance were solid, but after the company's preview, Street estimates had already been revised up over the past month. By line item, East Buy is likely to come in better, while expectations for the core education biz look largely priced in by the market...

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Bio-Techne

EDU: Study-Abroad Stumble, Enrichment Profits; Steadies Again

New Oriental Q3 FY26 First Take: Q3 results were solid, topping management’s typically cautious guide, while ex-FX growth moderated slightly QoQ. Within the mix, Oriental Selected likely came in better, and core education tracked in line. Overall, the print was marginally above BBG expectations. Since the company’s preview over the past month, top houses have raised estimates, so the BBG consensus shown below is lagging; the actual result is basically inline. 1) Overall: Total revenue grew 20% YoY. FX tailwinds contributed 6–7ppt by Dolphin Research’s estimate, implying ~13% organic growth; sequentially roughly flat, though last year’s Q3 base was not high. Details to be confirmed on the call. By segment, core education rose 14% YoY, while live e-com and other businesses were up an estimated ~60%. Oriental Selected’s new leadership is guiding the business out of the past two years’ turbulence by lifting the share of self-operated e-com to build core members and expanding culture-tourism sales on live platforms, re-accelerating growth. 2) Core education: (1) K-12 new businesses grew 23% YoY and remain the main growth driver. Management has expressed confidence in 15%–20% growth for FY27; since Q4 last year, issuance of quality-education training licenses has slowed, suggesting marginal competition is unlikely to intensify, a clear positive for incumbent New Oriental. (2) The overseas study segment is facing Intl environment headwinds. Consulting likely remains pressured, but test-prep grew 7%; overall flat to LSD growth. (3) Adult English grew 14.5% YoY. High-school subjects are also tracking ~15% steady growth (to be confirmed on the call). 3) Shareholder returns: Of the $300mn 1-year buyback announced last Oct., roughly half has been completed; at this pace it should be fully utilized by expiry. The $190mn dividend is being paid in two tranches as planned. On a $8.9bn mkt cap at yesterday’s close, the shareholder yield is ~5.5%, a solid mid-to-high level among U.S.-listed China ADRs. $New Oriental EDU &amp; Tech(EDU.US) $NEW ORIENTAL-S(09901.HK)

Below is Dolphin Research's compilation of EDU's FY26 Q2 earnings call Trans. For our earnings take, see 'New Oriental: Resilient growth; the education leader's premium is still rising'.I. Key financial metrics. II. Management briefing.1) Management outlook: This quarter and 1H FY26 delivered strong results, reinforcing confidence in operational resilience and growth momentum. They will continue to balance revenue growth and profitability, maintaining cost discipline and pursuing sustainable profits across business lines. Expansion of capacity and learning centers will remain prudent...

EDU (Trans): Market Share Up, Pursuing High-Quality Growth

$New Oriental EDU &amp; Tech(EDU.US) reported Q2 FY2026 before the U.S. market open on Jan 28 Beijing time. The quarter corresponds to the autumn term from Sep to Nov 2025. Results beat expectations, with the upside vs. consensus mainly from the study-abroad biz., where the Street had been cautious.Management slightly raised full-year revenue guidance, signaling confidence in a recovery in study-abroad and continued high growth in new businesses. Let’s look at the print...

EDU: Resilient Growth, Brand Equity of the Sector Leader Still Rising

EDU Q2 FY26 First Take: Results beat, led by a better‑than‑feared study‑abroad segment. The company also raised its FY26 revenue guide.Test‑prep grew 4%. Consulting was undisclosed but likely softer, implying overall roughly flat YoY. Still, this is well above the market’s low‑single‑digit decline expectation.New initiatives rebounded as expected, validating management’s prior comments on seasonality. Smaller players focus on winter/summer peaks; with Q2 in the fall semester, competitive intensity eased for EDU. However, enrollment growth kept decelerating, implying momentum likely won’t hold next quarter; learning devices also slowed slightly.Management guided next‑quarter revenue growth in line with the Street. It raised the FY26 revenue guide to $5.3–5.5bn, implying +8–12% (was +5–10%).A group‑wide cost‑out/efficiency program kicked off in Q4 FY25 (calendar Q2 2025) and was evident last quarter. Execution continued this quarter, with cuts concentrated in selling expenses; OPM expanded by nearly 400bps YoY.The company paid the planned dividend and repurchased $86mn of shares this quarter. Under the previously announced $490mn shareholder‑return program, the implied yield vs. the current ~$9.0bn market cap is 5.4%, providing support during drawdowns. $New Oriental EDU &amp; Tech(EDU.US) $NEW ORIENTAL-S(09901.HK)

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1029 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. On October 28th, Eastern US time, the Federal Reserve began its two-day FOMC meeting, with the latest interest rate decision to be announced on the afternoon of the 29th local time (early morning of the 30th Beijing time). The market generally expects a 25 basis point rate cut, with the focus on whether the balance sheet reduction will end and the policy signals for December. Due to the government shutdown, the absence of key data such as employment, and significant internal disagreements on inflation risks and the pace of easing, some officials are concerned that a rate cut may exacerbate price pressures. 2. The spokesperson of the Ministry of Foreign Affairs announced: As agreed by both China and the US...

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The following is a summary compiled by Dolphin Research regarding the FY26 Q1 earnings call minutes of $New Oriental EDU &amp; Tech(EDU.US). For an interpretation of the financial report, please refer to &#34;Guidance Stabilized, Returns Maximized, Can New Oriental's Faith Be Restored?&#34; 1. Review of Core Financial Data 1. Overall Revenue and Profit Net Income: Increased by 6.1% year-on-year. Operating Revenue: Reached $310.8 million, up 6% year-on-year. Non-GAAP Operating Revenue (excluding share-based compensation expenses and amortization of intangible assets from business acquisitions): Reached $335.5 million, up 11.3% year-on-year. Net Profit Attributable: $240.7 million...

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New Oriental (Minutes): Continue High Dividends and High Buybacks Next Year

$New Oriental EDU &amp; Tech(EDU.US) released its financial results for the first quarter of fiscal year 2026 before the U.S. stock market opened on October 28, Beijing time. This corresponds to the operating conditions during the peak summer season from June 2025 to August 2025 in the calendar year. A month before the earnings report, the company had already hinted at three marginal positives: 1) shareholder returns might increase; 2) the deterioration in the study abroad business was not as severe as the market expected, leading to a revenue growth rate of 5%, slightly exceeding the guidance (growth rate of 2-5%); 3) competition faced by K9 in some cities has eased, and growth is expected to pick up starting next quarter...

Guidance stabilized, returns maximized, can the faith in New Oriental be restored?

New Oriental's New Cultural Tourism Investment Company Established with 200 Million RMB Capital

Yu Minhong responds to the issue of talent drain at New Oriental

East Buy Repurchased 961,500 Shares for HK$24.87 Million on May 14

East Buy's First Offline Experience Store Begins Trial Operation, Exploring a New Retail Model

First Beijing Investment discloses its stake in New Oriental has been reduced to 10.87%

First Beijing Investment discloses 10.87% stake in New Oriental

Did Yu Minhong Learn His Tricks From Pang Donglai? Oriental Selection Opens Its First Offline Store

New Oriental Report Reveals Surging Demand for Hong Kong Studies Among Mainland Chinese Students

East Buy Select Launches First National Offline Experience Store Trial Operation

Aubrey Capital Management Discloses New Multi-Million Dollar Investment in New Oriental

New Oriental Reports Strong Quarterly Earnings and Raises Revenue Guidance

New Oriental's Stronger Results, Buybacks, and Dividends Boost Investor Confidence

New Oriental and FLTRP Reach Strategic Curriculum Cooperation to Upgrade Children's Quality Education

Shanghai New Oriental Wuyou Training School Co., Ltd established

New Oriental Launches a Public Welfare Program for Family Education Empowerment in Xiaojin County, Sichuan

Daiwa: Reaffirms Buy Rating on New Oriental, Target Price Raised to HK$60

CITIC Securities Maintains Buy Rating on New Oriental Education & Technology Group with Price Target

New Oriental and TAL Report Revenue Growth But Shares Fluctuate

CMSI Raises New Oriental's Target Price to $79

CMBI Raises New Oriental's Performance Forecast and Rating

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New Oriental Education & Technology Group Inc. (09901.HK, EDU.US) Q2 Fiscal Year 2025 Earnings Conference Call

New Oriental Education & Technology Group Inc. (09901.HK, EDU.US) First Quarter Fiscal Year 2025 Earnings Conference Call

EDU Holdings Limited announced that all resolutions at its 2026 AGM were passed, including the adoption of the remuneration report and re-election of director Jonathan Pager. Shareholders approved additional capital flexibility, renewed takeover provisions, increased fees for non-executive directors, and endorsed performance rights for CEO Adam Davis. These approvals enhance the company's ability to raise capital and align executive incentives with shareholder interests, indicating strong investor support for its strategic direction in the Australian education sector.

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EDU Holdings Wins Strong Shareholder Backing at 2026 AGM

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New Oriental Education & Technology Group Inc. reported strong Q3 results, completing a $184.3 million share buyback and approving a $0.06 dividend per share. The company raised its full-year 2026 revenue guidance to $5.56-$5.60 billion, reflecting confidence in its non-academic and AI-enhanced offerings. Despite these positive developments, challenges such as regulatory risks and competition remain. Analysts project a fair value of $70.80 for the stock, indicating a potential 32% upside, but caution is advised due to ongoing market pressures.

Simplywall

How Stronger Results, Buybacks and Dividends Will Impact New Oriental Education & Technology Group (EDU) Investors

China Merchants Securities analyst maintained a Buy rating on New Oriental Education & Technology Group on April 23 and set a price target of HK$62.00. The company’s shares closed last Thursday at HK$41.96.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks New Oriental Education & Technology Group has an analyst consensus of Strong Buy, with a price target consensus of €6.23.

CMSC

New Oriental Education & Technology Group (N1U0) Gets a Buy from China Merchants Securities

CMSI has raised the target price for New Orientalto USD79, citing operational optimization and steady growth. The company reported a revenue of USD1.4 billion for Q3 FY2026, a 20% YoY increase, driven by growth in its K12 business. Gross margin was 53.7%, and net cash reached USD5 billion. CMSI expects revenue growth of 15% to 18% for Q4 FY2026 and has raised full-year growth guidance to 13% to 14%. The broker maintains an Overweight rating and anticipates attractive shareholder returns over the next three years.

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CITIC Securities Co., Ltd.

CITIC SEC

CMSI Raises NEW ORIENTAL  TP to USD79 on Operational Optimization Driving Steady Growth

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.

CMBI Raises NEW ORIENTAL  TP to USD82; Stable Revenue Growth and Margin Expansion

In a report released yesterday, from CLSA maintained a Buy rating on New Oriental Education & Technology Group, with a price target of HK$59.98.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks New Oriental Education & Technology Group has an analyst consensus of Strong Buy, with a price target consensus of €6.07.

CLSA Reaffirms Their Buy Rating on New Oriental Education & Technology Group (N1U0)

CFRA has maintained a Hold opinion on New Oriental Education & Technology Group (EDU) while lowering its target price from USD 63 to USD 60. The firm projects revenue growth of 8% and 10% for FY 26 and FY 27, driven by increased enrollments in non-academic tutoring and expansion of learning centers. Net margins are expected to improve to 8.6% and 9.0% in FY 26 and FY 27, supported by better operational efficiency. Despite regulatory risks in China, EDU's expansion strategy in high-growth cities is anticipated to mitigate startup costs.

Fidelity

Research Alert: CFRA Keeps Hold Opinion On Adss Of New Oriental Education & Technology Group

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New Oriental EDU & Tech(EDU.US)