China Excellent Education Holdings (03978) surged more than 7% again. As of press time, it has risen 7.39% to HKD 3.78, with a turnover of HKD 16.3314 million.
According to the Zhitong Finance APP, China Excellent Education Holdings (03978) surged more than 7% again. As of press time, it has risen 7.39% to HKD 3.78, with a turnover of HKD 16.3314 million.
Caitong Securities released a research report stating that China Excellent Education is the leading education and training company in southern China. After the “double reduction” policy, the company has accelerated its transformation and compliance, and has developed a business system of “quality education + full-time review + professional education”. The number of K12 students in Guangdong province continues to rise, with strong demand for non-disciplinary training and high school repeat education. At the same time, many places have clearly stated that non-disciplinary licenses should be approved as soon as possible, and the company is expected to accelerate the expansion of its quality education business.
Guotai Junan Securities stated that with the marginal improvement of the education industry policy, the clearing of the supply in the industry, education companies are expected to benefit from the release of industry demand and achieve performance reversal. Previously, the Ministry of Education issued the "Regulations on the Management of Extracurricular Training" to release continuous signals of policy improvement. The focus of the policy has shifted from "blocking" to "promoting", and combined with the clearing of industry supply, the release of education demand will bring about a "double-click of Davis" on education industry policy and performance. It is bullish on the future development of the education industry.