Hong Kong stocks surged | New Oriental-S (09901) rose more than 4% at the opening. Institutions said the market overreacted to Dong Yuhui's departure. E-commerce business had limited drag on the company.
New Oriental-S (09901) opened up more than 4% and as of press time, it rose 4.64% to HKD 57.5 with a turnover of HKD 6.495 million.
Morgan Stanley: It will not be surprised if East Buy (01797) cannot make profits in the future, but the impact on New Oriental-S (09901) is controllable.
Morgan Stanley may need to remove about 10% of its operating profit and about 5% of its net income from the forecast of Eastbuy (01797).
East Buy Shares Sink After Top Chinese Livestreaming Influencer Departs
Hong Kong stock market fluctuations | New Oriental-S (09901) plunged more than 8% in early trading. Dong Yuhui resigned from East Buy. Institutions said that the drag of e-commerce business is limited.
New Oriental-S (09901) fell more than 8% in early trading. As of the time of publication, it fell 6.96%, with a price of 53.5 Hong Kong dollars and a turnover of 28.2342 million Hong Kong dollars.
Zhitoon Hong Kong Stocks Early Warning | Two departments support the replacement of old home appliances with new ones. New Oriental (EDU.US) fell more than 5%.
The National Development and Reform Commission and the Ministry of Finance jointly issued a notice on several measures to support large-scale equipment renewal and consumer goods replacing the old with the new, aiming to promote equipment renewal and consumer goods replacing the old with the new.
US stock market opening: New Oriental fell about 4%, Ford Motor fell about 14%, and golden industrial concept stocks fell generally.
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