On June 2, New Oriental Education (09901.HK) rose 3.14% in regular trading, trading at approximately 38.08 HKD/share, with trading volume of 75.64 million HKD.

On the news front, the stock appears to be entering a valuation recovery phase following its previously reported third fiscal quarter results that significantly beat market expectations. The company posted net revenue of USD 1.417 billion, representing a 19.8% year-over-year increase, while operating profit surged 44.8% and net income attributable to shareholders jumped 45.3%. Although the stock had been under pressure in late May due to subdued forward guidance — declining over 3% on both May 26 and May 27 — the current rebound suggests sentiment is stabilizing.

Additionally, multiple institutions have raised their target prices on the stock. Daiwa lifted its target to 57 HKD, while DBS Vickers raised its target to 68 USD, reflecting broader market confidence in the company's earnings growth visibility and sustainable profitability trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)