TF Securities: EAST BUY Placing Shrs to Parent Co. NEW ORIENTAL Positive to Both Sides

TF Securities issued a research report saying that the share placement by $EAST BUY(01797.HK)$ to its parent company $NEW ORIENTAL-S(09901.HK)$ is positive for the two parties.

TF Securities said that it continues to be firmly optimistic about the growth potential of the two parties. $NEW ORIENTAL-S(09901.HK)$ , as an educational entity, is currently benefiting from the release of supply clearing demand, and its results have been fully verified.