Stock Performance: NEW ORIENTAL-S (09901.HK) opened 1.03% higher, peaked at $45.68, and last traded at $45.62, reflecting a 2.06% increase with significant trading volume of 2.5017 million shares.

Financial Results: The company reported 2Q results for the period ending November 2025, with net revenues of US$1.191 billion, a 14.7% year-over-year increase, driven by new educational initiatives.

Profit Growth: Net profit reached US$45.5 million, up 42.3%, while non-GAAP income from operations surged 206.9% to US$89.1 million, and non-GAAP net income increased by 68.6% to US$72.9 million.

Analyst Upgrade: BofAS raised the target price for NEW ORIENTAL-S to $55.6 following the company's quarterly results, which exceeded expectations.

Revenue and Profit Performance: NEW ORIENTAL-S reported a 15% revenue growth for the second fiscal quarter, surpassing expectations and guidance, leading to an increase in full fiscal year revenue guidance to US$5.3-5.5 billion.

Future Projections: The company has set a revenue growth guidance of 11-14% for the third fiscal quarter, with analysts raising their non-GAAP EPS forecasts for FY2026/2027 by 6% and 7%, respectively.

Market Reaction: Following the positive results and guidance upgrades, BofA Securities raised the target price for NEW ORIENTAL-S' US stock and H-shares, while maintaining a 'Buy' rating, indicating improved investor confidence.

Key Business Drivers: The growth is primarily driven by the K12 business and a reduction in the decline of the overseas test preparation sector, contributing to the overall positive outlook for the company.

Hong Kong Stock Market Opening: Hong Kong stocks opened positively on the first trading day of the year, with the HSI up 0.3% at 25,717, the HSCEI up 0.4% at 8,949, and the HSTECH up 0.6% at 5,547.

BIREN TECH Debut: Domestic GPU maker BIREN TECH made a strong debut, opening at $35.7, which is 82% above its IPO price of $19.6, reflecting a significant increase of nearly 102%.

Other Tech Stocks Performance: Major tech companies like TENCENT and BABA-W saw slight increases of around 1.6% and 1.9%, respectively, while KUAISHOU-W experienced a minor decline of 0.2%.

Short Selling Activity: Notable short selling activity was reported, with HUA HONG SEMI and SMIC showing significant short selling ratios of 9.017% and 4.617%, respectively, indicating investor caution in the market.

Appointment Announcement: Sun Jin, Vice President of NEW ORIENTAL-S and Principal of a Guangzhou school, is set to be appointed as CEO of EAST BUY, with an announcement expected soon.

Market Response: EAST BUY has not yet responded to the news regarding Sun Jin's appointment.

Short Selling Data: NEW ORIENTAL-S has reported short selling of $5.26 million with a ratio of 28.284%, while EAST BUY has short selling of $7.88 million and a ratio of 16.383%.

Stock Quote Delay: The stock quotes for HK stocks are delayed by at least 15 minutes, with short selling data as of December 24, 2025.