[ET Net News Agency, 5 August 2024] Citi lowered the target price for New Oriental
(09901) to HKD83 from HKD99 and maintained the "buy" rating.
The research house said New Oriental's educational segment has successfully balanced
rapid expansion with margin improvement, a feat achieved through a performance-based bonus
structure tied to excess profits. This approach ensures that increased compensation is
directly linked to value creation, allowing New Oriental to drive growth while maintaining
profitability, thus strengthening its market position. (rc)