Michael Yu Minghong’s New Report Card
By stlplace on Jan 15, 2007 in Stocks, China
All right, New Oriental announced the fiscal 2007 Q2 report today. Here is the report. It seems they are doing well. Some highlights include 33% YoY reveneue growth (beat est. 20%). “The growth was mainly driven by the increase in the number of student enrollments in language training and test preparation courses.”
I imagine people just can not get enough English classes (spoken English, business English, kids English), and all kind of testings (IT, law, graduate school admission, in addition to traditional TOEFL/GRE/ACT/SAT).
Oceanid | Jan 16, 2007 | Reply
You cracked me up with your subject line as a side note.
Although the demand remains high, the competition is pretty tough too. In addition, the barrier to entry exists and however is relatively low comparing to other industries.
On a confident/joyful note, I can open up a class myself.
Similar to what we discussed on those marketing Ps…promotion/promotion/promotion and maintaining that brand loyalty is indeed paramount.
Ginger | Jan 16, 2007 | Reply
Oceanid,
Nice meeting you too!
Just as a support, I will be in your “class” starting from whatever…
Oceanid | Jan 16, 2007 | Reply
Awesome!
Major may charge me a commission though. Now he is into this “Elite” english thing…evidenced by those shares he just bought.