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Express News | New Oriental Education Shares Are Trading Higher as the Stock Rebounds Following Wednesday's Drop
Hong Kong stocks closed (04.25) | Hang Seng Index closed up 0.48%, domestic housing stocks showed strong performance and fell more than 12% after New Oriental-S (09901) results
The Zhitong Finance App learned that the three major indices of Hong Kong stocks had mixed ups and downs. The Hang Seng Index rebounded for four consecutive trading days. After opening slightly lower in early trading, it quickly rose and turned red. The intraday high was 17,434 points to a new high during the new year, then the increase narrowed, showing a volatile adjustment trend. At the close, the Hang Seng Index rose 0.48% or 83.27 points to 17,284.54 points, with a full-day turnover of HK$119.12 billion; the Hang Seng State-owned Enterprises Index rose 0.33% to 6120.37 points; and the Hang Seng Technology Index fell 0.54% to 3554.3 points. CCB International previously indicated that as the Hang Seng Index stabilized its previous low in late January (20
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%
Education stocks are weak, New Oriental (09901) falls 17.91%. Institutions say K12 education and training market concentration is low, and various regions have launched “double reduction” special actions one after another
Jinwu Financial News | The performance of education stocks was weak. New Oriental (09901) fell 17.91% after the results, Chuanglian Holdings (02371) fell 16.67%, Excellent Education Group (03978) fell 7.69%, Thinking Music Education (01769) fell 6.01%, and Guangzheng Education (06068) fell 1.67%. Cinda Securities said that the overall K12 education and training market concentration is low. In terms of measuring market space and revenue of leading companies, CR3 was only 7.0% in '23, and the pattern is relatively scattered; after experiencing significant clean-up on the supply side, leading companies are expected to rely on brand power and retain outlets
[Broker Focus] BOC International cuts new Oriental (09901) target price to HK$89 and is expected to increase revenue by 38% in the fourth quarter or operating profit margin to 6%
Jinwu Financial News | According to the BOC International Development Research Report, New Oriental (09901)'s revenue for the 3rd quarter of fiscal year 2024 was 1.2 billion US dollars, an increase of 60% year-on-year. Compared with the bank/Bloomberg's agreed growth rate of 44%/47%, it was mainly driven by the growth of the new education business and Oriental Selection's own operation. The adjusted operating profit was US$140 million, and the operating profit margin was 12%, the same as the previous year; the adjusted net profit was US$105 million, lower than the bank's agreed expectations of US$120 million. The net interest rate was 8.7%, compared with 13% in the same period last year, mainly hampered by Oriental Selection Expansion, supply chain construction, and discounts on proprietary products. The trip is expected to be in 4 seasons
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.
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