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New Oriental Newsroom
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.
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Zhitoon Hong Kong Stocks Analysis | Calm on the Surface, but Strong Undercurrents Are Surging. The Market Explores the Potential of Consumerism.
The Hong Kong stock market continues to perform steadily, up 0.08%.
Hong Kong stocks closed on August 8, with the Hang Seng Index slightly up by 0.08%. Mainland real estate showed active performance, while shipping and autos remained under pressure for the whole day.
The Hong Kong stock market opened lower but rose afterwards, with the Hang Seng Index and the Heng Seng Science and Technology Index rising by 1% at one point; the index narrowed in the afternoon, and the Heng Seng Science and Technology Index turned downward again.
HKEX Movement | New Oriental-S (09901) fell by more than 7%. Morgan Stanley is cautious about its execution ability in the share buyback plan. Short-term profit margin affected by Eastbuy.
New Oriental-S (09901) fell more than 7%. As of press time, it fell 6.18%, to HKD 52.35, with a turnover of HKD 0.197 billion.
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,"
Hong Kong stock anomaly | Education stocks fell back, Beststudy Edu (03978) fell more than 6%. "K9 subject training lift" is a market misunderstanding.
Education stocks are experiencing a collective pullback. As of press time, Beststudy Edu (03978) has fallen 6.55%, to HKD 2.71, while New Oriental-S (09901) has fallen 4.75%, to HKD 53.15.