New Oriental's stock continued to plummet, with a drop of over 7% on the Hong Kong stock market, reaching a new low. This decline also impacted its U.S. counterpart, as New Oriental (EDU, Financial) saw a 3.12% decrease in pre-market trading.
A recent research report by BOCOM International highlighted a target price adjustment for New Oriental's H shares, setting it at 75 HKD while maintaining a "buy" rating. The report noted that uncertainty in the Oriental Selection business could affect the company's short-term growth prospects.
