HK Stock Market Move | NEW ORIENTAL-S(09901) rose nearly 5% to hit a new high in over a year, with multiple major banks raising their target price after the performance.

NEW ORIENTAL-S (09901) rose nearly 5%, reaching a high of 49.36 Hong Kong dollars, hitting a new high in over a year. As of the time of writing, it has risen by 4.8% to 49.3 Hong Kong dollars, with a trading volume of 324 million Hong Kong dollars. On the news front, New Oriental recently released its financial performance announcement for the second quarter of the 2026 fiscal year ending November 30, 2025. Net revenue increased by 14.7% year-on-year to 1.191 billion US dollars; operating profit rose by 244.4% year-on-year to 66.3 million US dollars; and net profit attributable to shareholders increased by 42.3% year-on-year to 45.5 million US dollars. The company raised its full-year net revenue guidance for the 2026 fiscal year to 5.292-5.488 billion US dollars, a year-on-year growth of 8%-12%. JPMorgan reaffirmed its "overweight" rating on New Oriental and its top stock position, raising the target price from 53 Hong Kong dollars to 55 Hong Kong dollars. Daiwa believes that New Oriental's second quarter performance for the 2026 fiscal year exceeded market expectations, mainly benefiting from the improvement in its education business profitability and the contribution of EAST BUY. It reiterated a "buy" rating, with a target price raised from 53 Hong Kong dollars to 57 Hong Kong dollars. Bank of America Securities, on the other hand, raised its target price for the H shares from 52.3 Hong Kong dollars to 55.6 Hong Kong dollars.