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Cathay Media and Education Eyes $13 Million Stock Buyback; Shares Jump 7%
10:32 PM EST, 12/29/2021 (MT Newswires) -- Cathay Media and Education Group (HKG:1981) plans to repurchase up to HK$100 million ($12.8 million) worth of shares in the coming months under its buyback
Afternoon comment on Hong Kong stocks | the Hang Seng Technology Index fell more than 1%, while Hang Seng Network rose more than 30% against the market.
The Hang Seng Index fell 0.88% and the Hang Seng Technology Index fell 1.54%. Large-scale technology stocks fell across the board, with Tencent down more than 1% and BABA down more than 2%. Evergrande concept continued to rebound, aviation stocks are active; education stocks, property management stocks, catering stocks fell sharply.
Investment opportunities in Vocational Education: how to understand the impact of policies on Secondary Vocational Education?
Starting from the "vocational-popular ratio", this paper analyzes the policy orientation of secondary vocational education.
Copy the bottom or to avoid risk? The positions of Hong Kong stock funds vary greatly, with a difference of more than 30% between the beginning and the end.
Since the third quarter, many Hong Kong stock funds have reduced the weight of the Internet sector and increased the allocation of new energy. XIAOMI Group-W, Meituan-W, Tencent and other Internet technology stocks have suffered a substantial reduction in fund holdings, while China Electric Power, China Resources Power Holdings, China Longyuan Power Group Corporation and other power stocks have received more positions.
Vocational education stocks in Hong Kong broke out collectively, hoping that education would increase by 30% in two days.
The vocational education sector of Hong Kong stocks rose sharply for two consecutive days, with Yuhua Education, New higher Education Group, Chinese Education Holdings and Huaxia Audiovisual Education all up more than 20% in two days.
Ministry of Education: it has been set up as the basic education comprehensive reform experimental area of the Ministry of Education in Shanghai, Shenzhen, Chengdu and other 12 places.
Viewpoint | the private higher education sector is rising collectively. How does the latest vocational education policy affect profitability and valuation?
Vocational education is the sector with the greatest potential in the education industry. The Hong Kong stock market can focus on private higher education companies with large market capitalization, strong performance certainty and extension expansion mode, such as Chinese Education Holdings, China Oriental Education, Yuhua Education and so on.
One picture flow | Vocational education welcomes the policy is good! Which targets of Hong Kong stocks are worth paying attention to?
There are 14 concept companies related to vocational education in Hong Kong, including China Oriental Education, the parent company of New Oriental Education & Technology Group cuisine, China Education Holdings, the listed higher and vocational education group with the largest number of students in China, and Neusoft Education, the private higher education group of IT.
Institutional reference | Summary of investigation on the landing of vocational education policy
Central Office and State Office: encourage listed companies and industry leading enterprises to hold vocational education