Education stocks picked up collectively today. As of press release, New Oriental-S (09901) rose 4.22% to HK$56.75; Thinking Music Education (01769) rose 3.86% to HK$2.15; Hope Education (01765) rose 3.57% to HK$0.29; and China Oriental Education (00667) rose 2.17% to HK$2.35.
The Zhitong Finance App learned that education stocks are picking up collectively today. As of press release, New Oriental-S (09901) rose 4.22% to HK$56.75; Thinking Music Education (01769) rose 3.86% to HK$2.15; Hope Education (01765) rose 3.57% to HK$0.29; and China Oriental Education (00667) rose 2.17% to HK$2.35.
Cinda Securities pointed out that the supply of education and training has been cleared, concentration has increased, and demand is strong. From New Oriental and OK, the quarterly data is improving significantly. It can be seen that K-9 non-subject training and high school subject training are in strong demand. In terms of vocational education, I am optimistic about recruitment and training tracks.
GF Securities previously indicated that the trend of double recovery in the education sector's performance and valuation can continue. In the past three years, enrollment and business development were limited by external circumstances, and sector performance was damaged. At the same time, the 2021 “double reduction” policy further suppressed sentiment. Since the beginning of the year, the education industry's immediate needs have been highlighted. Business development has resumed rapidly after external influencing factors have been lifted, and at the same time, steady improvement in policy sentiment has supported the restoration of valuations to a reasonable center.