Hong Kong stocks closed (02.24) | The Hang Seng Index fell by 0.58%, Concept stocks in CRO plummeted, while Macau Casino and Mainland Real Estate stocks rose against the trend.
Hong Kong stocks surged in the morning but fell back, with the three major Indices turning downward by the afternoon, and the Hang Seng Technology Index dropped more than 2% at one point.
China Beststudy Education Group Anticipates Up to 123% Higher Net Profit in 2024
BESTSTUDY EDU (03978.HK) announces good news: it is expected that the net income in 2024 will increase significantly by 100.3% to 122.5% year-on-year.
Gelonghui, on February 21, announced that BESTSTUDY EDU (03978.HK) expects its revenue for the year ending December 31, 2024 ("reporting period") to be between RMB 1.05 billion and RMB 1.15 billion, representing a year-on-year increase of approximately 114.5% to 135.0%. Net income is expected to be between RMB 0.18 billion and RMB 0.2 billion, representing a year-on-year increase of approximately 100.3% to 122.5%. The Board of Directors believes that this increase is mainly due to (i) the remarkable results achieved by the group in its qualitative transformation during the reporting period, with related products being well received by parents and students.
Express News | China Beststudy Education Group Sees Revenue Was Between RMB1.05 Bln and RMB1.15 Bln for Year
BESTSTUDY EDU: POSITIVE PROFIT ALERT
CITIC SEC: "The arrival of Deepseek Singularity" will likely accelerate the commercialization phase of Education + AI by 2025.
Xin Securities published a Research Report stating that recently, companies in the Education sector have been embracing Deepseek, and the strong reasoning capability of AI large models is expected to accelerate the commercialization phase of Education + AI.
Excellence Education (03978): DeepSeek empowers, a new journey of quality improvement and efficiency enhancement.
In this era of rapid technological advancement, AI is transforming our ways of living and learning at an unprecedented speed. Excellent Education has launched DeepSeek at its AI base. To help enhance efficiency across various Business segments, Excellent Education has integrated the DeepSeek model suite into the AI base, which includes various models such as deepseek - chat and deepseek - code, and has also created a trial version of the agent based on the full version of the 671B DeepSeek - R1 model. In the company's daily Operation, it can quickly process large amounts of data to assist in decision-making.
[Brokerage Focus] Tianfeng maintains a "Buy" rating on BESTSTUDY EDU (03978) and expects an increase in dividends, which may directly enhance investor interests and boost confidence.
Jingwu Financial News | Tianfeng released a Research Report stating that BESTSTUDY EDU (03978) Board of Directors has announced that it has approved a dividend plan for the three fiscal years of 2024-2026. According to the three-year dividend plan, the company plans to gradually increase the dividend payout ratio to 50%, 60%, and 70% of the net income attributable to the owners of the company for the previous fiscal year over the next three years, with payments made in two phases through a final and interim dividend. The three-year dividend plan aims to respond to market demands, protect investors' legal rights by increasing returns, while also maintaining the company’s strong financial condition to support its sustainable development needs. The Board of Directors believes
BESTSTUDY EDU [03978] is currently reported at 3.5 Hong Kong dollars, a drop of 10.71%.
As of 09:46, BESTSTUDY EDU [03978] is reported at 3.5 Hong Kong dollars, down 0.42 Hong Kong dollars or 10.71% from yesterday's closing price of 3.92 Hong Kong dollars, with a transaction volume of 1.3689 million Hong Kong dollars. Today's highest price is 3.85 Hong Kong dollars, and the lowest price is 3.5 Hong Kong dollars. Based on yesterday's closing price, the 10-day average price is 3.71 Hong Kong dollars, the 50-day average price is 3.51 Hong Kong dollars, and the current PE is 29.34 times, with a 14-day strength index of 58.73.
Hong Kong stocks fluctuated | Education stocks surged in early trading, TIANLI INT HLDG (01773) rose nearly 6%, NEW ORIENTAL-S (09901) rose nearly 6%.
Education stocks rose broadly in early trading. As of the time of writing, TIANLI INT HLDG (01773) is up 5.9%, trading at 4.13 HKD; NEW ORIENTAL-S (09901) is up 3.8%, trading at 47.75 HKD; FENBI (02469) is up 2.87%, trading at 2.51 HKD; CHINA EAST EDU (00667) is up 1.97%, trading at 2.59 HKD.
BESTSTUDY EDU (03978.HK) announced a three-year dividend plan.
On January 3, Gelonghui reported that BESTSTUDY EDU (03978.HK) announced that the Board of Directors is pleased to declare its approved dividend plans for the fiscal years 2024, 2025, and 2026. According to the three-year dividend plan, the company plans to gradually increase the dividend payout ratio to 50%, 60%, and 70% of the Net income attributable to the company's owners for the previous fiscal year, and will be paid in two installments through final and interim dividends.
Express News | China Beststudy Education - Aims to Gradually Increase Dividend Payout Ratio to 50%, 60% and 70% of Net Profit Attributable Over Next 3 Years
BESTSTUDY EDU (03978.HK): According to the restricted share unit plan, 0.057 million shares will be purchased.
On December 23, Gelonghui reports that BESTSTUDY EDU (03978.HK) announced that on December 23, 2024, the trustee of the restricted stock unit plan will purchase a total of 0.057 million shares on the open market according to the restricted stock unit plan. The average cost per share is approximately 3.52 HKD, with the total cost of the purchased shares being around 0.2006 million HKD.
Everbright Securities: The competitive landscape of K12 education and training is expected to improve, and the industry's leading companies are gradually recovering their profits within the year.
With the clearing of the industry, the competitive landscape has improved, and the profitability of leading companies is gradually recovering (under optimized conditions, the utilization rate of leading outlets and the scheduling rate of teachers are gradually increasing). The darkest hour for the education and training industry has passed.
HK stocks are on the move | Education stocks are all rising, as the policy proposes expanding the supply of high-quality education resources. Private high schools are the first to benefit from the warming of HK stocks.
Education stocks are on the rise. As of the time of publication, China Edu Group (00839) rose by 5.65% to HK$5.05; Beststudy Edu (03978) rose by 5.12% to HK$3.08; New Oriental-S (09901) rose by 3.85% to HK$47.15; China East Edu (00667) rose by 3.33% to HK$3.1.
Excellent education (03978) explores and develops in the field of AI+ education.
At the annual and mid-term performance conference of Beststudy Edu (03978) in 2023 and 2024, President Mr. Tang Junjing mentioned embracing AI multiple times, expressing the high importance that Beststudy Edu places on the application of AI technology. As one of the leading listed companies in the education industry exploring "AI + education", Beststudy Edu independently developed and launched the personalized teaching system called "Whale accurate teaching" in 2019. After 5 years of iteration, it has processed massive information data in teaching scenarios and has become a mature AI tool for educational research and teaching management. "Whale accurate teaching", as Beststudy Edu's flagship AI educational tool, aims to build a system based on numbers
Trending Industry Today: NEW ORIENTAL-S Leads Losses In Online Education Stocks
China Beststudy Education Trustee Repurchases Further 123,000 Shares; Shares Down 3%
Beststudy Edu (03978) plans to purchase 0.123 million shares based on restricted share units.
beststudy edu (03978) announced that the trustee of the restricted share units will act in accordance with the trust agreement on October 16, 2024...
Beststudy Edu (03978): Shen Haipeng has been appointed as an independent non-executive director.
Beststudy Edu (03978) announced that Shen Haipeng has been appointed as an independent non-executive director of the company and a member of the nomination committee...