|Bid||72.72 x 500|
|Ask||74.19 x 100|
|Day's Range||72.52 - 73.86|
|52 Week Range||37.16 - 83.21|
|PE Ratio (TTM)||43.83|
|Earnings Date||Jul 18, 2017 - Jul 24, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||81.88|
BEIJING , June 26, 2017 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services ...
This is an extract of a longer JPMorgan research report on the Chinese education sector by analysts Leon Chik and Christine Wang. Key message: Technology and policy changes in China are driving supply of new education models and consolidation in the education service sector, thereby generating new regional and global leaders in the field. Drivers/catalysts/events: Education sector is unique in China in combining ubiquitous demand with high ARPUs (average revenue per user), operating leverage that derives from curriculum-based teaching, and significant consolidation potential.
The iShares China Large-Cap exchange-traded fund (FXI) is up 0.7% today, near its 52-week high, as investors await May data on China's foreign exchange reserves. Capital Economics thinks the data from People's Bank of China to be released overnight will show foreign exchange reserves were unchanged at $3.03 billion in May, while analysts surveyed by Bloomberg expect capital controls and the weaker dollar could push reserves up for a fourth month to $3.05 trillion, $17 billion above the level in April, the South China Morning Post reports. China Lodging Group (HTHT) was up 3.2%, New Oriental Education & Technology Group (EDU) was up 2.3% and Weibo (WB) rose 1.4%.