Oriental Selection institutions with declining growth rate of GMV and gave New Oriental online neutral rating

$New Oriental(EDU.US)$ $NEW ORIENTAL-S(09901.HK)$ $EAST BUY(01797.HK)$ $China Merchants(600999.SH)$
New Oriental online has attracted the attention of the market because of Oriental Selection.

According to the data, the average daily GMV (total volume of commodity transactions) in August reached 18 million yuan, down from 29 million yuan in June and 21 million yuan in July. Therefore, China Merchants Securities Hong Kong maintained its neutral rating on New Oriental online, maintaining the target price of HK $20.9 unchanged.