T.H. Data Flash - New Oriental Education & Technology – FY1Q18: Continued Growth in Courses and Attendees in FY1Q18; Raise Price Target
Increase in course offerings and utilization rate driven by K-12 – According to our proprietary data for FY1Q18, the number of total courses offered was 135.0K in FY1Q18, up 24.8% Y/Y from 108.1K in FY1Q17, and the number of fully registered courses increased 26.2% Y/Y to 39.4K in FY1Q18 from 31.3K in FY1Q17 (Figure 1).
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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