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Shares of US-listed Chinese Stocks Are Trading Lower Ahead of Upcoming Economic Data.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower Ahead of Upcoming Economic Data
Hong Kong Viable Stocks – CLP Holdings, New Oriental Education & Technology
Hong Kong stocks surge | New Oriental-S (09901) rose more than 4%, the company increased its buyback scale and proposed to pay special dividends, institutions bullish education business income growth.
New Oriental-S (09901) rose more than 4% during trading, and as of the time of writing, rose 2.81%, to HKD 54.85 with a turnover of HKD 40,043,800.
Express News | New Oriental Education & Technology Group Inc : CFRA Cuts Target Price to $81 From $90
Brokerage focuses on Sealand keeps its 'buy' rating on New Oriental (09901), bullish on the growth of education business income under the logic of expanding production capacity.
According to research reports issued by Sealand Securities, New Oriental (09901) achieved revenue of 1.137 billion US dollars and a YoY growth of 32% in Q4 of FY2024. Its Non-GAAP net income attributable to the mother was 36.93 million US dollars, a YoY decrease of 40.5%. In addition, on August 6th, the company announced that the total repurchase value in its July stock repurchase plan was increased from 0.4 billion US dollars to 0.7 billion US dollars. As of August 6th, 2024, it has repurchased 0.33 billion US dollars worth of shares. The bank believes that the company's education business has strong growth, and its teaching network is expanding rapidly. Considering the company's accumulation of experience in the education industry.
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