Trending Industry Today: EAST BUY Leads Gains In Online Education Stocks
April 26th - The industry of $Online Education(BK1193.HK)$ is trending higher today with 5 constituents up and EAST BUY leading Gains.$EAST BUY(01797.HK)$ up 8.27% to HK$17.28 with a turnover of HK$32
Citibank: Maintaining the New Oriental-S “Buy” Rating and Raising the Target Price by 90% to HK$99
Citi released a research report saying that, driven by the K-9 business, New Oriental-S (09901)'s revenue for the third fiscal quarter increased 60.1% year over year, but due to Oriental selection delays, the profit margin before interest and tax remained at the level of 11.7% under non-US GAAP. The bank expects that without Oriental Selection, profit margins will increase by 3 percentage points. The target price was raised by 90% to HK$99, which is the bank's first choice in the K-12 education industry and maintains a “buy” rating. For the fourth fiscal quarter, the bank predicts a 29% year-on-year increase in revenue, but the profit margin will fall to 5.9% due to increased production capacity and increased employee motivation
BOC International: Maintaining the New Oriental-S “Buy” Rating and Lowering the Target Price to HK$89
BOC International released a research report stating that without considering Oriental Selection (01797), the target price for the New Oriental-S (09901) was lowered to HK$89, corresponding to the price-earnings ratio of 33 and 27 times for the 2024/25 fiscal year and 48% profit growth rate for the 2025 fiscal year, maintaining the “buy” rating. Due to increased investment in Oriental Selection, the Group's operating margin forecast was lowered from 14% and to 12.8%. The bank indicated that it raised revenue by 4% and 24% for the 2024/25 fiscal year, driven by Oriental Selection and the volume of cultural tourism revenue. After the quarterly results were released, the stock price closed down 14%, mainly affected by short-term pressure on profit margins. Currently
Changes in Hong Kong stocks | Oriental Selection (01797) rebounded more than 7%, and New Oriental increased its holdings by 1 million shares Goldman Sachs is optimistic that its gross operating margin improved in the fourth fiscal quarter
Oriental Selection (01797) rebounded by more than 7%, and fell by more than 10% yesterday. As of press release, it rose 7.27% to HK$17.12, with a turnover of HK$129 million.
Goldman Sachs: Maintaining the New Oriental-S “Buy” Rating and Lowering the Target Price to HK$88
Goldman Sachs released a research report stating that while maintaining the “buy” rating of New Oriental-S (09901), the target price was slightly reduced by 2% from HK$90 to HK$88; while maintaining a “neutral” rating for Oriental Selection (01797), the target price was lowered from HK$21.5 to HK$18.4. The company's stock price has been excessively adjusted. The bank believes that the Group's core non-GAAP operating profit for fiscal year 2024 should be revised upward, driven by revenue and core operating margin. Furthermore, production capacity expansion guidelines are being accelerated, leaving room for short-term revenue and medium-term profit to rise. Furthermore, the bank believes that Dongfang selects the one with the worst profitability
Trending Industry Today: NEW ORIENTAL-S Leads Losses In Online Education Stocks
April 25th - The industry of $Online Education(BK1193.HK)$ is trending lower today with 1 constituents up, 4 constituents down and NEW ORIENTAL-S leading Losses.$NEW ORIENTAL-S(09901.HK)$ drops 16.57%
Changes in Hong Kong stocks | New Oriental-S (09901) fell by nearly 15% after results, Oriental selection investment increased the company's profit margin in the short term or under pressure
New Oriental-S (09901) opened nearly 15% lower after the results, and US stocks closed down nearly 14% overnight. As of press release, it decreased by 14.95% to HK$60.3, with a turnover of HK$278.35,800.
Changes in Hong Kong stocks | Oriental Selection (01797) Early trading rose more than 4%. Affiliated companies obtained travel agency business permits. Public opinion events did not seriously affect live streaming sales
The Zhitong Finance App learned that Oriental Selection (01797) rose more than 4% in early trading. As of press release, it had risen 3.3% to HK$16.92, with a turnover of HK$758.751 million.
Direct impact of changes | Oriental Selection rebounded by more than 4%. Public opinion events did not seriously affect live streaming sales. Agencies say there is no need to worry about the stability of the company's operations
On April 18, $Oriental Selection (01797.HK) rebounded more than 4% in the afternoon. As of press release, it rose 4.08% to HK$16.34, with a turnover of HK$150 million. Market source: According to news from Futubull Niu Niu, Yu Hui and New Oriental once again caused a public opinion incident due to overlapping live streaming schedules. Shen Wan Hongyuan Hong Kong pointed out that there is a big difference between the New Oriental Cultural Tourism Business and the Oriental Selected Regional Special Business, which does not affect their respective sales activities. Oriental Selection's live streaming sales did not decline due to public opinion events, showing strong sales resilience. The bank believes that the company uses content as king for live streaming
Oriental Selection (01797.HK) received 1 million additional shares from New Oriental
Glonghui, April 12 | According to the Stock Exchange's latest equity disclosure data, on April 10, 2024, Oriental Selection (01797.HK) received New Oriental Education & Technology Group Inc. increased its holdings by 1 million shares at an average price of HK$16.5241 per share on the market, involving approximately HK$165.241. After the increase in holdings, the latest number of shares held by New Oriental Education & Technology Group Inc. was 577,538
Changes in Hong Kong stocks | Oriental Selection (01797) fell more than 5%, institutions say profit margins fell by 4 percentage points year on year, the company recently experienced another public storm
The Zhitong Finance App learned that Oriental Selection (01797) fell by more than 5%, with a cumulative decline of more than 44% during the year. As of press release, it had a decrease of 5.51% to HK$15.44, with a turnover of HK$149 million. BOC International released a research report on New Oriental saying that Oriental's selection revenue is growing at an accelerated pace, but profit margins may have dropped 4 percentage points year over year. The bank said that according to data estimates from Mama Cicada, Dongfang Selection's GMV increased 75% year over year to 5 billion yuan in the 3rd quarter. The main increase came from the “Walk with Hui” Douyin account, as well as non-live streaming contributions from Taobao, its own apps, and its own products. Estimated revenue of approximately $1.96 billion, YoY
Changes in Hong Kong stocks | Oriental Selection (01797) fell more than 5%, the Supreme Court says it is carrying out research on issues such as online rewards, etc. The company recently faced another public controversy
Oriental Selection (01797) fell by more than 5% in early trading, and the cumulative decline during the year was over 40%. As of press release, it decreased by 5.73% to HK$16.12, with a turnover of HK$247 million.
Changes in Hong Kong stocks | Oriental Selection (01797) fell more than 8% to a new low. Recently, Henan New Oriental Cultural Tourism completely stopped live streaming and made adjustments
Oriental Selection (01797) fell by more than 8%, and the intraday low of HK$17.8 hit a new low since July 2022. The current stock price has dropped nearly 40% from its high during the year. As of press release, it decreased by 8.01% to HK$17.92, with a turnover of HK$422 million.
Oriental Selection (01797) issues 10,000 shares under the initial public offering after-sales share option plan
According to the Zhitong Finance App, Oriental Selection (01797) issued an announcement to issue 10,000 shares under the initial public offering after-sales share option plan and 12.298,700 shares under the 2023 share award plan on March 20, 2024.
Zhang Ruimin called Dong Yuhui: You are already a talent, but the challenge is to make the people below also become talents
On the evening of March 19, Sina Technology News reported that Haier Group founder Zhang Ruimin was a guest on the live broadcast with Hui tonight to have a conversation with Dong Yuhui, senior partner of Oriental Selection. During the conversation, Zhang Ruimin mentioned his evaluation criteria for talents that the three elements of traditional management philosophy have changed today. Everyone should be a talent, and they can become their own CEO. In response, Dong Yuhui, who was very encouraged, said, “Seen this way, I am also talented, and I am very encouraged.” Zhang Ruimin laughed after listening, “You are already a talent, but your challenge now is to make everyone below become talented.” Talk
Zhang Ruimin talks about talent selection standards: everyone is a CEO, and I don't agree with the “selection and retention” method
On the evening of March 19, Sina Technology News reported that Haier Group founder Zhang Ruimin was a guest on the live broadcast with Hui tonight to have a conversation with Dong Yuhui, senior partner of Oriental Selection.
Zhang Ruimin talks about simplification and decentralization: Haier had a big company illness at the time, and the Tao Te Ching inspired me
Sina Technology News On the evening of March 19, Haier Group founder Zhang Ruimin was a guest on the live broadcast with Hui tonight to have a conversation with Dong Yuhui, senior partner of Oriental Selection. During the conversation, Zhang Ruimin talked about the big business disease that occurred during Haier's development, and when he decided to cut down Haier's entire middle management, he said, “I am now very interested in Laozi's Te De Jing. I have re-studied this book and found that the core of what he said in this book matches the current Internet age. The core of Tao Te Ching is one word. According to metaphysical ontology, it is a dialectical relationship where everything in the world is born and lives
What is the secret to being a business without insomnia for 40 years? Zhang Ruimin: I have the principle of maximum complementarity
Sina Technology News On the evening of March 19, Haier Group founder Zhang Ruimin was a guest on the live broadcast with Hui tonight to have a conversation with Dong Yuhui, senior partner of Oriental Selection. While chatting with Dong Yuhui, Zhang Ruimin revealed, “I've been running my own business for so many years, and I've never had insomnia.”
Zhang Ruimin talks about smashing 76 refrigerators: it's not that if you smash it, the quality will go up in the future; it's a change of concept
On the evening of March 19, Sina Technology News reported that Haier Group founder Zhang Ruimin was a guest on the live broadcast with Hui tonight to have a conversation with Dong Yuhui, senior partner of Oriental Selection. During the conversation, Zhang Ruimin talked about what is a good management book and said, “As long as it can change your mindset, it's a good book.”
Zhang Ruimin talks about management in the VUCA era: leaders should not issue orders, use mechanisms to make everyone play a role
On the evening of March 19, Sina Technology News reported that Haier Group founder Zhang Ruimin was a guest on the live broadcast with Hui tonight to have a conversation with Dong Yuhui, senior partner of Oriental Selection. During the conversation, Zhang Ruimin said when talking about current business management, “Our current era is a VUCA era; in fact, it is a chaotic era. In an age like this, leaders should not issue orders, but rather create a mechanism for everyone to play a role.”
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