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New Oriental Newsroom
Hong Kong stocks unusual | New Oriental-S (09901) rose more than 4% at the end of the day, the supply of the education and training industry is clearing while the demand remains strong. It is expected that the market share of top institutions will increas
New Oriental-S (09901) rose more than 4% during the closing session. As of the time of writing, it has increased by 4.52% to HKD 48.6, with a turnover of HKD 0.188 billion.
US stocks closed with mixed performance for the three major indexes. Tesla rose more than 9% over the past two days, while NIO soared 14% after its performance announcement.
Before the non-farm data, there is new evidence of the cooling of the US job market, and economic concerns support a substantial rate cut bet. The yield curve of the 2-year/10-year US Treasury bonds, which briefly inverted for the third time in two years. The S&P 500 fell for the third consecutive day, with Broadcom falling more than 4% after hours, Tesla rising nearly 5%, and Nvidia and Chinese concept stocks rising nearly 1%. The yen reached a one-month high, and the offshore renminbi rose by 300 points to break 7.09 yuan. Gold rose briefly by 1%, and oil prices rose more than 2% before falling. US oil fell below $70 for the first time in 15 months over two days.
U.S. stock market closing: the three major indexes have mixed gains and losses, with nvidia falling 11% over the past two days.
①S&P and Nasdaq fell for two consecutive days, while the Dow rose by 0.09%; ②Most large technology stocks closed lower, with Amazon falling by 1.66%; ③Berkshire Hathaway Class B shares continued to reach new historical highs; ④United States Steel: Thousands of jobs are at risk if it is not acquired.
US stocks closed: nvidia's market cap decreased by 2 trillion overnight, leading the Nasdaq to plunge 3% and becoming the weakest of the three major indices.
1. Nvidia's market cap evaporated by about 1.99 trillion yuan; 2. The PHLX Semiconductor Index fell by 7.7%, with all components going under; 3. Large technology stocks collectively declined, with Apple dropping by 2.72%; 4. Berkshire Hathaway's stock price continued to hit new historical highs.
Yu Minhong stepped down as the legal representative of New Oriental Wenhui and Wotaike International Education Travel Co., Ltd.
Sina Technology News On the afternoon of September 2, the QCC App shows that recently, Beijing New Oriental Wenhua Tourism Co., Ltd. and its wholly-owned Beijing New Oriental Valed International Education Travel Co., Ltd. have undergone industrial and commercial changes, with Yu Minhong stepping down as the legal representative and being succeeded by Yang Zhihui. The information shows that Beijing New Oriental Wenhua Tourism Co., Ltd. was established in July 2023 with a registered capital of 1 billion yuan, fully owned by New Oriental Education & Technology Group, with Yu Minhong serving as the chairman. According to media reports, in August of this year, some netizens claimed that their children participated in a Dunhuang study tour organized by New Oriental Wenhua Tourism for the price of 10,580 yuan.
Goldman Sachs: Maintains a "sell" rating on East Buy, with a target price raised to HKD 7.6.
Goldman Sachs issued a research report stating that East Buy (01797) maintains a 'sell' rating, lowers GMV forecast for fiscal years 2025 to 2027 by 8% to 9%, but raises revenue forecast by 1% to 9%, target price raised from HKD 7.1 to HKD 7.6. The company's performance in fiscal year 2024 is mixed, and the group remains cautious. In addition, the market has doubts about the group's corporate governance due to the temporary additional profit of RMB 0.141 billion given to the independent anchor Dong Yuhui. The bank mentioned that East Buy's GMV in FY2024 was lower than expected, but revenue met expectations. Although the group has performed well so far this year...
Guolian Securities: Orderly repair of supply and demand. Leading education stock in the U.S. steadily enters a new cycle.
With the leading education companies New Oriental and TAL Education respectively announcing their operating performance for the spring of this year on July 31st and August 1st Beijing time, the out-of-school training industry, after about a year of performance transformation and post-pandemic recovery, has officially entered a brand new operational cycle.
New Oriental To Go Ex-Dividend On September 9th, 2024 With 0.6 USD Special Dividend Per Share
New Oriental (EDU) Lures Investors With Special Cash Dividend
New Oriental-S (09901) will distribute a special cash dividend of $0.06 per share on September 23.
New Oriental-S (09901) announced that the company's board of directors has approved the issuance of USD bonds in Beijing/Hong Kong time and New York time, with a term of no more than 5 years and an amount not exceeding USD 500 million.
Express News | New Oriental Board Approved A Special Cash Dividend Of $0.6/ADS
Press Release: New Oriental Announces a Special Cash Dividend
Quarterly review results of the Hang Seng Index announced!
China Zheshang Bank and 38 other stocks have been included in the Hang Seng Composite Index, while Xiabuxiabu and 29 other stocks have been removed.
Are New Oriental Education & Technology Group Inc.'s (NYSE:EDU) Mixed Financials Driving The Negative Sentiment?
Top Gap Ups and Downs on Wednesday: TM, BHP, RIO and More
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.