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<Research>CMSI Raises TPs for New Oriental & TAL Education; Profit Margins Strongly Beat
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Supported by sturdy revenue growth, operational leverage release, and prudent cost control, the profit margins of NEW ORIENTAL-S (09901.HK) and TAL Education (TAL.US) for the November quarter were way better than expectations, according to a CMSI report.

In CMSI's opinion, the latest results of these two leading education and training companies once again prove that the industry's steady growth trend is driven by solid demand, a stable policy environment, and AI innovations.

Related NewsBofAS Lifts NEW ORIENTAL-S (09901.HK) TP to $55.6 as Quarterly Results Beat
CMSI has maintained an Overweight rating on both NEW ORIENTAL-S and TAL Education. New Oriental (EDU.US)'s target price has increased from USD70 to USD76, while TAL Education's has risen from USD16.7 to USD17.3.
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