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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Guotai Junan: New Oriental's new business has strong resilience, waiting for the profit margin to rise
Jinshi data news on October 28th, Guotai Junan released a research report stating that considering the accelerated expansion of stores under the intensified short-term competitive situation and the pursuit of rise, profit margins may be dragged down, and the net profits of New Oriental (EDU.N) are lowered to 5.19/6.66/8.07 billion U.S. dollars, with EPS of 0.3/0.39/0.48 U.S. dollars. The bank stated that the worry about the month-on-month decline in the growth rate of low-base income is magnified, but the new business has resilience in rise, and with the marginal slowdown of the short-term capacity expansion pace, the profit margin in Q3-4 is expected to gradually recover.