New Street: EDU 1QFY23 Results - Guidance Above Expectations
What's new: New Oriental’s reported 1QFY23 results came in above consensus estimates and our expectations. Guidance reflects continued recovery in the business as restructuring post Double Reduction Policy has been largely completed. We maintain our PT at USD27 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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