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While Shareholders of China Kepei Education Group (HKG:1890) Are in the Red Over the Last Three Years, Underlying Earnings Have Actually Grown
china kepei [01890] is now trading at 1.24 Hong Kong dollars, with a decline of 10.15%.
As of 14:24, China Kepei [01890] reported HKD 1.24, compared to yesterday's closing price of HKD 1.38, a decrease of HKD 0.14 or 10.15%. The trading volume was HKD 1.4424 million. The highest price today was HKD 1.38, and the lowest price was HKD 1.24. Based on the closing price of yesterday, the 10-day average price was HKD 1.86, and the 50-day average price was HKD 1.59. The current P/E ratio is 4.47 times, and the 14-day relative strength index is 66.67.
Education sector falls across the board. New Oriental (09901) dropped by 5.82%. The market may have misinterpreted the policy on extracurricular training in education.
Jinwu Finance | Education sector is generally falling, New Oriental (09901) fell by 5.82%, Beststudy Edu (03978) fell by 4.83%, China Kepei (01890) fell by 3.97%, and Fenbi (02469) fell by 3.64%. On the news side, the State Council issued the "Opinions on Promoting the High-Quality Development of Service Consumption," which mentioned education and training consumption, and was interpreted by the market as bullish news. However, some analysts believe that this document does not explicitly lift the ban on K9 extracurricular training, but only refers to vocational training and extracurricular non-subject training. Citic Sec research reports state that since the promulgation of the new "Vocational Education Law,"
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.
Hong Kong stocks fluctuate | Education stocks are strong again. The policy end catalyzes the gradual realization of company performance, and the industry has room for upward growth.
Education stocks rose again. As of press time, Beststudy Edu (03978) rose 9.29% to HKD 2.94; China Edu Group (00839) rose 7.03% to HKD 4.57; China East Edu (00667) rose 5.95% to HKD 2.67.
Hong Kong stocks move abnormally, some educational stocks rose in early trading, policy catalyzes combined with companies' performance realization, and the sector's confidence is expected to recover.
Some education stocks rose in the morning, as of the time of publication, Beststudy Edu(03978) rose 9.27% to HKD 2.71; New Oriental-S(09901) rose 7.81% to HKD 51.1; FENBI(02469) rose 7.43% to HKD 2.89.
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