EDU 3QFY23 Results: Improving Business Outlook
What's new: New Oriental’s reported 3QFY23 results were above consensus and our expectations. Guidance reflects a strong recovery across business segments, while margins could continue to trend better amid continued cost control measures. We maintain our PT at USD38 and maintain our Neutral rating.Analysts:
Jin Yoon
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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