Haitong International: First Coverage of New Oriental-S (09901) with "Outperforming the Market" Rating, Target Price of HK$49

According to the WiseFinance APP, Haitong International released a research report stating that it has initiated coverage on New Oriental-S (09901) for the first time. The company is believed to be in a leading position in various segments, including K12 and overseas businesses. Additionally, the company's generative AI technology in scenarios such as automatic courseware generation, digital avatars of renowned teachers, and homework correction will simultaneously improve conversion efficiency and content quality, helping the company improve operational efficiency and focus on business. Haitong International has given a 2026 financial year price-to-earnings ratio of 18 times and set a target price of HK$49 for New Oriental's H shares, initiating coverage with an "outperform the market" rating.