BK1193 Online Education
- 1356.953
- -84.668-5.87%
Read the list of Hong Kong stocks in April | The list of Hong Kong stocks for April has been released! Shangtang rose by nearly 70%, and TCL Electronics recorded 13 consecutive rises
A number of auto stocks showed strong performance. Brilliance China and Great Wall Motor recorded increases of 64.1% and 33.33% respectively during the month. It is worth noting that the former's stock price has doubled and surged since this year.
Express News | China Sound and Digital Association Game Industry Committee: In March, the revenue of the Chinese game market was 23.417 billion yuan, down 5.86% from the previous month
Hong Kong Market Overview | The Hang Seng Index has risen six times in a row! Domestic housing stocks strengthened across the board, and Shimao Group soared more than 60%
Auto stocks improved. Evergrande Auto rose nearly 12%, and Zero Run rose more than 8%; big financial stocks generally rose, AIA Insurance rose more than 6%, and the Bank of China rose nearly 5%.
New Oriental-S (09901.HK): Maintaining profit forecasts and rapid expansion brings long-term growth elasticity
Key investment events: FY24Q3's revenue was US$1.21 billion (yoy +60.1%), exceeding previous performance guidelines (US$1.07 to US$1.09 billion). All business lines grew across the board, and network expansion accelerated. Division of labor
New Oriental-S (09901.HK): More focus on revenue trends and industry changes
The company released FY24Q3 financial report FY24Q3 (November 2023-February 24) revenue of $1.2 billion, up 60%; OP (operating profit) of 110 million, up 71%; non-GAA
New Oriental-S (9901.HK): The boom in quality education continues to put pressure on Oriental selection profits
Revenue exceeded expectations, profit growth slowed. The company released FY24Q3 results as of February 29, 2024. Q3 net revenue increased 60.1% year-on-year to US$1.21 billion, exceeding the previous quarter's guidance of 42% -45
New Oriental-S (09901.HK): Revenue continues to exceed the upper limit of the guideline, and selection drags down net profit to mother
Incident: According to the FY2024Q3 financial report, FY24Q3 achieved revenue of US$1,257 million, an increase of 60% over the previous year. The previous guidance was a 42%-45% increase, mainly due to new education businesses and Oriental selection of its own products and live streaming
Express News | The State Press and Publication Administration released approval information for domestic online games in April. NetEase's new game is listed
New Oriental-S (9901.HK) FY2024 Third Quarterly Report Review: Revenue Exceeding Expectations, Profit Disturbed by Multiple Short-Term Factors
Incident: On the evening of April 24, New Oriental released its three-quarter report for the 2024 fiscal year. From December 2023 to February 2024, net revenue of US$1,207 million/yoy +60.1%, net profit to mother was zero
New Oriental-S (9901.HK): Accelerating the expansion of outlets and increasing the profitability of the main education business
Investment proposal: Taking into account the impact of short-term Oriental selection discounts and increased compensation, reduce the company's FY2024-2026 non-GAAP net profit to 4.15 (-20%) /5.91 (-15%) /7.8, respectively
Hong Kong stocks closed at noon, the Hang Seng Index rose 1.99%, and the index rose 3.66%. Shangtang and Guolian Securities rose more than 15% Dongfang Selection, Xiaopeng Motors rose more than 6% Kuaishou, and Ideal Auto rose more than 4%.
Hong Kong stocks closed at noon, the Hang Seng Index rose 1.99%, and the index rose 3.66%. Shangtang and Guolian Securities rose more than 15% Dongfang Selection, Xiaopeng Motors rose more than 6% Kuaishou, and Ideal Auto rose more than 4%.
Intraday Overview | Technology stocks continue to rise, and the Tech Index rose more than 2.5%
Xiaopeng Motors and Shunyu Optical Technology rose nearly 5%, Dongfang Selection rose more than 4%, and Shangtang, Kuaishou, and Jinshan Software rose more than 3%.
BOC International: Maintaining the New Oriental-S (09901.HK) “Buy” Rating and Lowering the Target Price to HK$89
BOC International released a research report stating that without considering Oriental Selection (01797.HK), the target price for New Oriental-S (09901.HK) was lowered to HK$89, corresponding to 33 and 27 times price-earnings ratios for FY2024/25 and 48% profit growth in FY2025, maintaining a “buy” rating. Due to increased investment in Oriental Selection, the Group's operating margin forecast was lowered from 14% and to 12.8%.
BOC International: Maintaining the New Oriental-S (09901) “Buy” Rating and Lowering the Target Price to HK$89
The Zhitong Finance App learned that BOC International released a research report stating that the target price of the New Oriental-S (09901) was lowered to HK$89 without considering Oriental Selection (01797), corresponding to the price-earnings ratio of 33 and 27 times in FY2024/25 and 48% profit growth in FY2025, maintaining a “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 due to profit
Express News | Organization: In March, Chinese mobile game manufacturers attracted a total of 2.13 billion US dollars
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.
April 25 Repurchase Collection | Hang Seng Bank, Swire Group A and others bought back one after another. Of these, Hang Seng Bank spent HK$61.109 million
According to documents disclosed by the Hong Kong Stock Exchange on April 26, $Hang Seng Bank (00011.HK) $ and $Swire Group A (00019.HK) $ repurchased shares. ① $Hang Seng Bank (00011.HK) $ repurchased 600,000 common shares on April 25, involving an amount of HK$61.1091 million. The repurchase price per share ranged from HK$102.3 to HK$100.1. The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 5.714 million shares, accounting for 0.299% of the number of shares issued when the ordinary resolution was passed. ② $
Don't Ignore The Insider Selling In China Beststudy Education Group
Anyone interested in China Beststudy Education Group (HKG:3978) should probably be aware that the Non-Executive Director, Wenhui Xu, recently divested HK$1.1m worth of shares in the company, at an ave
Oriental Selection (01797.HK) received 1 million additional shares from New Oriental
Glonghui, April 26 | According to the Stock Exchange's latest equity disclosure data, on April 24, 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$17.3879 per share on the market, involving approximately HK$17.3879 million. After the increase in holdings, the latest number of shares held by New Oriental Education & Technology Group Inc. is 587,538
Thinking Music Education (01769.HK) spent HK$1 million to buy back 240,000 shares on April 25
On April 25, Ge Longhui Education (01769.HK) issued an announcement. On April 25, 2024, it spent HK$1 million to repurchase 240,000 shares, with a repurchase price of HK$4.12-4.34 per share.