Yu Minhong disabled comments on Douyin.
Transitional turmoil.
HK stock market movements| East Buy (01797) falls more than 4% again. The company's negative situation is constantly being adjusted by institutions, which have greatly reduced the target price.
East Buy (01797) fell more than 4% again. As of press time, it fell 4.55%, to HK$11.34, with a turnover of HK$49.9712 million.
Research report: swhy lowers target price of east buy to HKD13.9 and lowers earnings estimates for fiscal years 2024-2026.
Swhy issued a report, downgraded the rating of East Buy to "shareholding", and lowered the forecasted net profit for 2024-2026 fiscal years to 85.3/100.3/107.4 million yuan, compared to the previous profit forecast of 122.6/126.6/142.6 million yuan. As the company enters a relatively stable growth stage and sells its education business to its parent company New Oriental to become a pure live-streaming e-commerce platform, the target price was slashed from HK$35.79 to HK$13.90 using free cash flow (FCFF) valuation to replace the original sum-of-the-parts (SOTP) valuation method. Swhy expects that East Buy will
Hong Kong stocks abnormal movement | East Buy (01797) fell by more than 6% again, the company is experiencing continuous negative rumors, and the number of East Buy fans has once again fallen below 30 million.
According to the Zhitong Finance APP, East Buy (01797) dropped more than 6% again. As of press time, it fell 6.05% to HKD 11.8, with a turnover of HKD 32.5773 million.
Hong Kong stock market fluctuations | East Buy (01797) fell nearly 4%, the company's negative waves continue, and the main account's traffic growth faces challenges.
East Buy (01797) fell nearly 4%. As of press time, it fell 3.98% to HKD 12.56, with a turnover of HKD 25.3624 million.
Hong Kong stocks anomaly | East Buy (01797) rebounds by over 6%, after a 30% drop in stock price in the past month, the company has been hit by negative news recently.
According to the Zhongtong Financial App, Eastbuy (01797) rebounded by more than 6%, and the stock price has fallen by 30% in the past month. As of the time of publication, the stock rose 6.51% to HKD 13.08, with a turnover of HKD 149 million.
Market Chatter: East Buy Losing Followers After Complaints
East Buy Holding (HKG:1797) lost nearly 10% of its followers in a month after some complaints about their work at the livestream e-commerce unit of China's New Oriental Education and Technology Group, Yicai reported on Friday.
Goldman Sachs: Maintains a "Neutral" rating for East Buy (01797), with target price lowered to HKD 15.9.
East buy's self-operated product GMV exceeded 3.6 billion yuan in the second half of fiscal year 2024 (December 2023 to May 2024).
Bocom Intl: first initiated a 'neutral' rating for East Buy (01797), with a target price of HKD 13.4.
BOCOM Intl expects that the revenue of East Buy (01797) in the 2024/2025 fiscal year will increase by 45%/13% to RMB 6.6 billion/RMB 7.4 billion respectively.
[Brokerage Focus] Bocom Intl first gave a neutral rating to East Buy (01797), indicating that there is still uncertainty in its short-term profit margin trend.
BOCOM Intl's research team indicated that after the 'small essay' incident, East Buy's main account experienced a brief decline in number of fans and has now stabilized at a level of 30 million. However, this does reflect the pressure on the growth of new traffic, and the company's long-term development in expanding its influence still faces challenges.
Daiwa: Reaffirms 'buy' rating on New Oriental-S, with a target price of HKD 78.
Daiwa released a research report, reiterated a Buy rating for New Oriental-S (09901), and raised its income forecast for fiscal year 2025 to 2026 by 3% to 4% to reflect higher assumed transaction amounts of East Buy (01797) commodities, with the target price of HKD 78. Daiwa expects that New Oriental's Q4 revenue in fiscal year 2024 will increase by 32.5% year-on-year to USD 1.14 billion, with a predicted operating profit of USD 69 million and a net income of USD 74 million according to non-US GAAP. The bank's forecast is essentially in line with the market's expectations.
HK Stocks in Motion: East Buy (01797) fell over 4% in the morning, institutions said its profit margin may hit bottom in the third quarter, facing challenges in growing its main account traffic.
According to the app of WiseNews Finance, East Buy (01797) fell more than 4% in the morning session, and as of press time, it fell 4.17%, at HKD 14.42, with a turnover of HKD 99.5866 million.
HK stocks fluctuate | East Buy (01797) fell by more than 4% again, and its stock price has been halved since the beginning of the year. It dropped out of the top ten of the 618 Douyin shopping list.
East Buy (01797) has fallen by more than 4%, with a cumulative decline of more than 50% this year. As of press time, it has fallen by 4.16% to 13.36 Hong Kong dollars, with a turnover of 76.0773 million Hong Kong dollars.
East Buy Holding Reports 108% Growth YoY
Hong Kong stocks abnormal | East buy (01797) fell more than 4%, dropped out of the top ten on the 618 TikTok shopping list, and the company's channel dependence is still evident.
East buy (01797) fell more than 4%, as of press time, down 4.07%, at HKD 14.14, with a turnover of HKD 51.8253 million.
Hong Kong stocks fluctuate: photovoltaic stocks continue to fall, and the manufacturing capacity of the photovoltaic manufacturing industry is in excess. Institutions expect it will take some time to complete the adjustment.
According to the Zhitong Finance APP, photovoltaic stocks continue to decline recently. As of press time, Flat Glass (06865) fell by 3.93% to HKD 12.7, Xinyi Solar (00968) fell by 2.7% to HKD 4.32, Fuyao Glass (03606) fell by 1.16% to HKD 42.65, and Xinte Energy (01797) fell by 0.8% to HKD 8.71. On the news side, Li Chuangjun, director of the New Energy and Renewable Energy Department of China's National Energy Administration, stated at a series of themed press conferences on "promoting high-quality development" held by the State Council Information Office on the 20th that the competition in China's photovoltaic industry is fierce and will
Hong Kong stock market unusual | East buy (01797) rose over 5%, the GMV of self-operated products exceeded 3.6 billion in half a year, an increase of 108% year-on-year.
East Buy (01797) rose over 5%. As of the publication, it rose 5.15% to HKD 15.12, with a turnover of HKD 27,284,200.
HK stocks surged | East Buy (01797) rose more than 5%, with Yu Minhong and Dong Yuhui teaming up in Shanxi. The first day GMV in Shanxi exceeded 60 million.
East Buy (01797) rose more than 5%. As of the time of publication, it rose 5.26% to HKD 14.4, with a turnover of HKD 135 million.
East buy lost 4.6 billion in seven days.
Author | Liu Baodan Editor | Zhou Zhiyu After the controversy over "small essays" half a year ago, the development prospects of East Buy once again cast a shadow. On June 9th, Dong Yuhui stated in an official Douyin interview program "I Love Myself, I'm Great" that he strongly resists selling things, and has not enjoyed this job until now. Although what he is doing now has supporting significance, it does not bring much joy. As a super host, Dong Yuhui is a key figure in the rise of East Buy in the live broadcast e-commerce field. His remarks undoubtedly shake the outside world's expectations for his career development as a host and also trigger concerns in the capital markets. The first day after the holiday.
East Buy Faces New Blow as Star Influencer Dong Yuhui Spits Out Resistance to Work
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