01797 EAST BUY
- 10.440
- +0.240+2.35%
EAST BUY News
Hong Kong stock market fluctuation | East Buy (01797) is now down more than 4%. East Buy has caused controversy again. Jiang Xiaobai said he would not accept the apology from East Buy host.
East Buy (01797) is now down over 4%. As of press time, it fell 3.95% to HKD 10.7 with a turnover of HKD 23.7907 million.
HK stocks fluctuations | East Buy (01797) fell more than 3% as controversial comments from the anchor caused controversy. Completed divestiture with Huitong.
East Buy (01797) dropped more than 3%, as of press time, fell 3.29%, to HKD 11.18, with a turnover of HKD 39.3575 million.
Jiang Xiaobai stands up to Eastbuy: the anchor's remarks seriously deviate from the facts and cause huge damage to our company.
Sina Technology News, August 9th, this afternoon, Jiangxiaobai officially issued a statement, stating that the anchor Tianquan of Dongfang Selection seriously deviated from the facts in the introduction of Jiangxiaobai products in the Dongfang Selection live broadcast room, and requested Dongfang Selection to publicly apologize and eliminate the impact. Jiangxiaobai's statement is as follows: Recently, we noticed that the anchor Tianquan of Dongfang Selection claimed in the Dongfang Selection live broadcast room, 'There are no the words 'Baijiu' on the packaging of Jiangxiaobai, because it is not allowed.' 'If you buy Jiang Jin Xiaoqu, there is no this label (little gold label), because it is not a solid-state (fermentation) liquor.' The above statements seriously deviate from the facts.
Luo Yonghao called out to New Oriental fans: If you provoke me again, I will write a book about New Oriental's secrets from the past thirty years and make Yu Minhong retire.
Sina Technology News, August 8th, at noon, Luo Yonghao released an article titled "Clarification of Facts About Some Recent Rumors," and urged everyone to help disseminate the truth because I have been heavily criticized in the past ten days. In the article, Luo Yonghao said that in the movie "Chinese Partner," there is a character of a fat child which is based on him. In the movie, the character says "Tie Laoshi is the most unprincipled person in New Oriental," so many people think that this sentence is his original creation. In fact, this sentence was originally said by one of Tie Laoshi's early partners. When he was in New Oriental, the company's older generation of people
HKEX Movement | New Oriental-S (09901) fell by more than 7%. Morgan Stanley is cautious about its execution ability in the share buyback plan. Short-term profit margin affected by Eastbuy.
New Oriental-S (09901) fell more than 7%. As of press time, it fell 6.18%, to HKD 52.35, with a turnover of HKD 0.197 billion.
Hong Kong stock market anomaly | East buy (01797) fell more than 5% now. The short-term impact of the completion of the divestiture with Huitong on the company's GMV.
East Buy (01797) is now down more than 5%. As of publication, it has dropped by 4.19%, trading at HKD 11.88 with a turnover of 62.1068 million HKD.
Trending Industry Today: NEW ORIENTAL-S Leads Gains In Online Education Stocks
Splurging $700 million on stock repurchase, new oriental's stock price soared by 13%! Education stocks in Hong Kong rose across the board.
Share buyback increased to 0.7 billion US dollars.
Unusual movement: East Buy rose more than 6%, New Oriental completed stock withdrawal with Huitongxing, and the company is expected to build a brand new valuation system.
East Buy (01797) rose more than 6%, and as of press time, it rose 6.45%, to HKD 12.88, with a turnover of 0.114 billion Hong Kong dollars.
East Buy rose more than 7% in early trading, and the company is expected to build a new valuation system.
East Buy (01797) rose more than 7% in early trading, and rose nearly 15% in the previous trading day. The increase has now fallen back, and the stock price has risen 1.18% to HKD 12.02, with a turnover of 0.19 billion Hong Kong dollars. Tianfeng Securities believes that after divesting from Huitongxing, East Buy is expected to build a brand new valuation system.
East Buy (01797.HK) will hold a board of directors meeting on August 23 to approve the full-year performance.
East Buy (01797.HK) announced that the board of directors meeting will be held on August 23, 2024 to consider and approve the full-year performance of the company and its subsidiaries for the fiscal year ending May 31, 2024, and publication thereof, as well as to consider the announcement and distribution of final dividends (if any).
EAST BUY: NOTICE OF BOARD MEETING
Trending Industry Today: BESTSTUDY EDU Leads Losses In Online Education Stocks
Hong Kong stocks surge: East Buy (01797) rises more than 6%, Xinjiang special live broadcast with impressive performance, and the July Douyin sales champion list returns to the top ten.
East Buy (01797) rose more than 6%, as of press time, up 6.37% to HKD 11.02, with a turnover of HKD 83.3142 million.
Daiwa: Reaffirms 'buy' rating on New Oriental-S, with a target price of HKD 78.
Daiwa published a research report stating that it reiterated its 'buy' rating on New Oriental-S (09901) and estimated that its education business operating profit margin will expand in the 2025 fiscal year, which can offset the impact of the decline in East Buy's profits. The revenue forecast for the 2025-2026 fiscal years was lowered by 3% to 5%, and the earnings per share forecast for the 2025 fiscal year was lowered by 2%. The target price was maintained at HK$78. For the fourth quarter of the company's 2024 fiscal year, the non-GAAP operating profit was disappointing, 47% lower than the market's expectations, mainly due to East Buy's expenses, faster-than-expected expansion of the group, and one-time
Daiwa: Maintains Buy rating on New Oriental-S, with a target price of HKD 78.
Daiwa released a research report stating that it maintains a "buy" rating on new oriental-s(09901), lowers revenue forecast for fiscal year 2025-26 by 3% to 5%, and lowers earnings per share forecast for fiscal year 2025 by 2%, due to the expected lower commodity trade GMV of East Buy, with a target price of HKD 78. The report pointed out that new Oriental announced its Q4 results for fiscal year 2024, with non-GAAP operating profits lower than market expectations by 47%, disappointing, mainly due to excessive spending on East Buy and faster-than-expected expansion of the group, as well as one-off compensation. The group forecasts a 3% year-on-year increase in Q1 revenue for fiscal year 2025.
Hong Kong stocks fluctuate | East Buy (01797) falls more than 5% again. Goldman Sachs stated that the company's short-term growth is uncertain, and investors are concerned about corporate governance.
East Buy (01797) fell over 5%, as of the time of publication, fell by 5.16%, reported at HKD 10.3, and the turnover was HKD 61.5184 million.
New Oriental's fourth quarter revenue for fiscal year 2024 reached $1.14 billion, a year-on-year increase of 32.1%.
On the afternoon of July 31st, Beijing time, New Oriental (NYSE: EDU/9901.SEHK) released its financial report for the fourth quarter and full year of fiscal year 2024 ending on May 31, 2024. In the fourth quarter, the net revenue was $1.1367 billion, an increase of 32.1% compared to last year. The net income attributable to New Oriental was $27 million, a decrease of 6.9% year-on-year. The net income attributable to New Oriental, not in accordance with Generally Accepted Accounting Principles in USA, was $36.9 million, a decrease of 40.5% year-on-year. In the fiscal year 2024, the net revenue was $4.3136 billion, an increase of 43.9% year-on-year.
New Oriental 1Q Rev View Excludes Revenues Generated From East Buy Private Label Products and Livestreaming Business >EDU
New Oriental: Completed Acquisition of East Buy's Online Education Business for CNY1.5B >EDU
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