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Actionable news in EDU: NEW ORIENTAL EDUCATION AND TECHNOLOGY GROUP Inc,

New Oriental Education: Why It Has 23% Upside

Brokerage UOB Kay Hian has raised its price target on New Oriental Education & Technology Group (EDU) by 25% after the China-based education and after-school tutoring group unveiled its fourth quarter earnings.

The company reported a 23% year-on-year increase in fourth quarter revenues, while net operating income rose 40% from the same time last year. Full year revenues rose 22% year-on-year and operating income rose 32%. Student enrollments grew 33% in the fiscal year.

Investors were also rewarded with a special dividend of $0.45 a share, while management said it...


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