Excellent Education Group (03978) rose more than 6% at the end of the session, and its stock price has doubled since February. As of press release, it rose 6.15% to HK$2.59, with a turnover of HK$11.4204 million.
The Zhitong Finance App learned that Excellent Education Group (03978) rose more than 6% at the end of the session, and its stock price has doubled since February. As of press release, it rose 6.15% to HK$2.59, with a turnover of HK$11.4204 million.
According to the news, the Ministry of Education issued the “Regulations on the Administration of Out-of-School Training (Draft for Comments)” on the evening of February 8. Fangzheng Securities pointed out that on the K12 side, supply contracted sharply during the double reduction period, and the entry threshold for new supply was higher than before the double reduction. Strong demand is expected to fully benefit, and the medium- to long-term market share is expected to exceed that before the double reduction.
Tianfeng Education pointed out that Excellent Education Group is the largest K12 extracurricular education service provider in South China and the fifth largest in the country. After the double reduction, it responded positively to the policy call and comprehensively promoted quality education courses. Along with the gradual adjustment and maturity of operations, the gradual expansion of outlets is expected to increase in market share.