New Oriental Education & Technology Group Inc. (NYSE:EDU) Q1 2021 Results Earnings Conference Call October 13, 2020 8:00 AM ET
Sisi Zhao – Director, Investor Relations
Stephen Yang – Chief Financial Officer
Conference Call Participants
Tian Hou – T.H. Capital
Felix Liu – UBS
Jin Yoon – Newstreet Research
Mark Li – Citi
Alex Xie – Credit Suisse
Sheng Zhong – Morgan Stanley
Lucy Yufrom – Bank of America Securities
Alex Liu – China Renaissance
DS Kim – JPMorgan
Tommy Wong – China Merchant Securities
Liping Zhao – CICC
Good evening and thank you for standing by for New Oriental’s FY 2021 First Quarter Results Earnings Conference Call. At this time all participants are in a listen-only mode. After managements prepared remarks there will be a question-and-answer session. Today’s conference call is being recorded. If you have any objections, you may disconnect at this time.
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., reacts during a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019.
Kiyoshi Ota | Bloomberg via Getty Images
LONDON — SoftBank has invested $215 million in Norwegian education start-up Kahoot, taking a 9.7% stake in the company, as demand for online learning platforms skyrockets during the coronavirus pandemic.
The Oslo-based firm said Tuesday it had agreed to sell 43 million new shares at a price of 46 Norwegian krone — or about $5 — per share to SoftBank. It plans to use funds raised from the deal to fuel growth through new partnerships, joint ventures and acquisitions, CEO Eilert Hanoa told CNBC.
“It’s all about the general switch in mindset from digital tools being a nice-to-have additional set of features in
Missouri University of Science and Technology(Missouri S and T) announced today that it had received a $300 million donation, the largest single gift in the history of Missouri higher education. St. Louis businessman and Missouri S and T alum Fred Kummer and his wife June are giving the money to a foundation they created that will support several initiatives at the university.
The Kummers’ gift will be administered by The Kummer Institute Foundation. Funds from the foundation will support several new initiatives at Missouri S&T, including:
A new research and development entity modeled after other university-affiliated centers like the Lawrence Livermore National Laboratory in Livermore, California and the Johns Hopkins Applied Physics Laboratory in Laurel, Maryland. The new organization will be the home to four new research
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. This shows us that it’s a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at New Oriental Education & Technology Group (NYSE:EDU) we aren’t jumping out of our chairs at how returns are trending, but let’s have a deeper look.
Understanding Return On Capital Employed (ROCE)
Just to clarify if you’re unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on New Oriental Education & Technology
His Excellency Dr. Mansoor Al-Awar, Chancellor of the University, joined several leading personalities in global education in a virtual dialogue hosted by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in the weeklong event, and took part in mobilizing international efforts to improve the ability of educational cadres to keep pace and lead the march of change in the future.
Dr. Al Awar led a presentation on “Are Smart Learning Teachers Leading in Action?”, where he discussed new perspectives for higher education teachers and urged government leaders to invest in enhancing leadership and professional skills of teachers as they are the backbone that ensure the continuity of education when challenges emerge, especially currently with global spread of Covid-19.
H.E. Al Awar emphasized the importance of global partnerships for enhancing the role of teachers in building resilience and shaping the future of education. Dr. Al Awar also shared a success
Normally when people are invited to a ribbon-cutting ceremony, they expect a big red ribbon and large scissors. At Moutainland Technical College on Friday morning the ceremony looked a little different.
The college opened its new building as only a trade college should, with a metal ribbon made by students and a ribbon cutting unlike any other.
The ceremony marked the grand opening of the college’s new Trades and Technology building, an 89,000-square-foot building that includes classroom space, labs, car shops and more.
The building will be home to various topics of study including automotive technology, diesel mechanics, welding, precision machining, automated manufacturing and other high-demand, industry-driven programs, including information technology, mobile application development and web development, according to a press release.
“What you see behind me is a remarkable facility dedicated to upward mobility for students, the economy and our entire region,” MTECH board chair Terri Hunter said at
While the political cyclone of 2020 continues to suck the air out of the proverbial room, the world of education innovation continues to engage in the all important task of responding to and iterating for the challenges of education worldwide. It’s astounding and inspiring to convene with the best in class entrepreneurs whose work is not only making a difference, but can help you forget the insanity we live in today.
It’s hard to believe, but I had the chance to attend one such convening just last month, in Italy, no less! In full disclosure, the US-Italia Ed Innovation Festival, was the brainchild of my organization. Our “modest” goal was to create a new education renaissance, so we set out to do so with this unique hybrid event. What’s most remarkable and
SAMSUNG, in its effort to help promote the Science, Technology, Engineering and Mathematics (STEM) education in the country, has partnered with Universiti Malaya (UM) for the Solve for Tomorrow competition.
The initiative is aimed at fostering innovative thinking, creative problem-solving and teamwork, and it is carried out in partnership with UM’s STEM Centre.
The competition is open to Form 1 and Form 2 students from participating secondary schools that Universiti Malaya STEM Centre regularly engages with to provide various STEM activities, helping them enhance their learning experience.
The Solve for Tomorrow competition kicks off today (Oct 9, 2020) and ends on Dec 8, 2020 with the announcement of winners.
According to Samsung Malaysia Electronics’ president, Yoonsoo Kim, it is important for the next generations to come to be equipped with the fundamental skills, knowledge and attitudes needed to adapt to
Content Platform Provider Supports eReader capabilities for Cengage Unlimited’s library of 14,000 eTextbooks
Gutenberg Technology (GT), provider of the premier end-to-end content management platform, today announced its partnership with Cengage, an education and technology company and the largest US-based provider of teaching and learning materials for higher education, to bring eTextbooks and study tools to millions of college students across the U.S. GT’s publishing platform, has aided Cengage in rapidly bringing its content library to market, hosting more than 14,000 eTextbooks that are available to Cengage subscribers.
Through this partnership, GT helps support the content engine behind several product offerings within Cengage Unlimited, the first all-access subscription service for the college textbook and course materials market, which has helped more than 2.2 million college students save more than $200 million on textbooks and course materials. Cengage leverages the power of GT’s authoring tool to transform static text, media, and assessments