Sep 22, 2017

T. H. Data Flash – New Oriental Education & Technology (EDU) – FY1Q18: Continued Growth in Courses and Attendees in FY1Q18; Raise Price Target

Increase in courseofferings and utilization rate driven by K-12 According to our proprietary data for FY1Q18,the number of total courses offered was 135.0K in FY1Q18, up 24.8% Y/Y from108.1K in FY1Q17, and the number of fully registered courses increased 26.2%Y/Y to 39.4K in FY1Q18 from 31.3K in FY1Q17 (Figure 1).




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