CICC International: Raises New Oriental-S (09901.HK) Hong Kong stock target price to 55 Hong Kong dollars, maintains "buy" rating.

According to the Wise Finance APP, CICC International released a research report stating that it has raised the target price of New Oriental-S (09901.HK) Hong Kong stock by 19.6%, from 46 HKD to 55 HKD, and also raised its target price for its US stock, maintaining a "buy" rating. The company is still optimistic about the demand and growth prospects of its K12 education related business, considering its relatively broad age coverage, stable revenue growth, optimization space for profit margins, and shareholder returns reflecting long-term growth certainty and ample cash flow. The study abroad related business has been recently affected but is still leading the industry.