Thinking Music Education (01769) is now up nearly 6%. As of press release, it has risen 5.85% to HK$4.34, with a turnover of HK$16.5459 million.
The Zhitong Finance App learned that Thinking Music Education (01769) is now up nearly 6%. As of press release, it has risen 5.85% to HK$4.34, with a turnover of HK$165.459 million.
According to the news, Thinking Music Education previously announced its annual results for the year ended December 31, 2023. The Group's revenue was RMB 571 million, an increase of 41.9% year on year; profit attributable to shareholders was RMB 85.988 million, an increase of 58.0% year on year.
Fangzheng Securities pointed out that the company is one of the leaders in K12 in South China. After the double reduction, the company actively transformed and launched a non-disciplinary literacy course in the fall of 2021. As the business gradually matures, the area and number of the company's outlets are expected to expand, and its market share is expected to continue to increase. Huaxi Securities, on the other hand, pointed out that the company is expected to expand rapidly as industry demand expands. It is optimistic about its performance and at the same time, the increase in industry sentiment will drive a boost in valuation.