Morgan Stanley report sing more learn and think New Oriental: share price will rise

Morgan Stanley today released a study that gave new Oriental and school a higher rating and said the two companies would see their shares rise in the next 30 days. Research reported that the study and thinking of the recent transactions frequently, short-term valuations are attractive; the revival of the Beijing market, the increase in tuition fees and the expansion of teaching centers are not fully reflected in the current stock price. Morgan Stanley predicts that profits will grow at a rate of 20% to 25% a year over the next three years, and free cash flows will reach more than $50 million trillion. New Oriental shares have recently been dumped and short-term valuations attractive, the study said. Profit margins rebounded more than expected, improvements in network utilization and cost controls played a role, and the rebound in profit margins has not yet been fully reflected in share prices and is expected to boost earnings over the next 12 months. In addition, Morgan Stanley thinks the new Oriental balance sheet health: Net cash accounts for about 30% of the market value, just completed stock repurchase, may pay dividends, thereby supporting the price formation.