129782975429218750_186Total market value: $ 25.917 billion price: 38.27 times book value: 5.99 times listing: United States price over the past year:-3.65% for any one of the investors in the world, education of China's huge market was an important investment opportunities and, as the industry leader in New Oriental (EDU:NYSE) became the object of many people cluster around the one whom they respect nature. Yu minhong New Oriental school was founded in 1993, after 19 years the company has become a market value of up to us $ 4.4 billion "education carriers." Just last year, the company also member of Fortune magazine's global "100 fastest growing companies" list. Debt to asset ratio is below 30%New Oriental started to study abroad, but after a dozen years of development, its business has been extended to include language training, examinations and guidance education in kindergartens, primary and secondary, network software and other educational technology, educational content distribution. Prior to listing, the company has offices in 24 cities across the country by 25 schools, and 13 111 Learning Center Bookstore, and about 1700 educationThe Division. At the same time, about 2 million users registered in New Oriental network virtual community. On September 7, 2006, the new East to 15 dollars issue price list on the New York Stock Exchange-listed, open up 46.7% to 22 dollars, eventually closed at $ 20.88, prices rose 39.2%. "New Orient debut performance on Wall Street againPlay legends of China concept stocks, as investors try to rush in China at the same time, enterprises from the population than any other country in the world to the United States a solid step forward in the stock market. "At the United States media described the new Eastern United States is recognition of the market. Listing success also brings plenty of cash to the new Oriental precipitation. Before listing, New Oriental's asset-liability ratioUp to 52.1%, listing the following year, the new asset-liability ratio fell to 21.8% in the East, after its debt to asset ratio has been below the 30%. Latest should lower expectations I New York analyst Xie Lin stated in his report, based on the soundness of balance sheets, coupled with operational success, even in the Chinese concept stocks through the ups and downs of cases, New Oriental LeeRun pace of growth is not impeded year after year. Listed since 2006 to 2011 fiscal year, raise the number of new students of the East by 872,000 to 2.09 million, net revenues increased from $ 94.5 million in 2006 to $ 558 million, from $ 6.1 million in net profit jumped to $ 110.8 million. "New East sustained revenue growthBenefited from the expansion of the number of schools and teaching on the one hand, and the other is through a strategic transformation, from language training business reach into professional training. "Analysts pointed out that the" New Oriental has been transformed from early English boutique became a large comprehensive supermarket in the training industry. "The so-called K-12 business, is actually the new East two ofIndependent brands: children's education in middle school and bubbles. Today, the "middle school" and "bubble children" the two brands have become the core business of the new East. Zhong Rixin I New York Director told business daily, the journalist said in an interview with the financial literacy: "at present, the new Oriental kTo resolve the relationship between expansion rate and margins, coupled with the management ', leaders of cultural ' turn to modern management system, there will be a large space for development in the future. "Despite the new Oriental has maintained a good performance over the years
tera gold, but education and training sectors of intense competition and competitors in the race to market over the past year, New Oriental also faces potential challenges ahead。 In addition, the new quarter earnings was not ideal on the East. On January 17, 2012, New Oriental latest results showed that new Oriental quarter total net revenues grew from $ 38% to $ 132 million
tera power leveling, operating loss compared to enlarge 94.6% to $. The less than expected earnings new shares after the stock market opened in the East of less than 15 minutes 12% suddenly fell. New Oriental is expected in fiscal 2012 $ 168.3 million in revenue in the third quarter to $ 176.2 million, $ 177.1 million of the expected upper bound less than analysts expectations. However, the senior investor Jian Yi said in an interview, although the new Oriental shocks might be in band in the short term, but as aIn the "platform development" company, if we can find a new growth point, it can be a child of the first. Morgan Stanley said a research report recently published: "Although the new Oriental's shares in the market for less than 20 times forward earnings on transactions, but we still believe that new Oriental is on an upward track in the next two years, its earnings growth rate will reach 30%. ThisOutside, New Oriental has reached 700 million dollars of cash flow, total assets 70%, 20% about market value, this fully indicates that the balance sheet of the company in good condition. "For these reasons, Morgan Stanley for a new Eastern" overweight "rating and target price of US $ 35.6. Credit Suisse believes that "New Oriental has launched new projects take full advantage of the publicDivision of competitive advantage, and fundamentals of good, sound. Under United States GAAP terms, excluding cash, New Oriental's price-earnings ratio of about 21 times
tera gold, close to historic lows. While facing downward pressure on margins in the short term, but we think it is good opportunity for long-term investors to buy the shares at this time. In view of this, we maintain the new shares of the East '; Outperform ' (Outperform) rating. ”
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