US Stock Price Fluctuated | Chinese concept education stocks rise: New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) surges over 10%.

23:33 19/01/2023

On Thursday, Chinese education stocks in the US stock market surged. As of the time of writing, New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) rose more than 10%, Gaotu Techedu, Inc. Sponsored ADR Class A (GOTU.US) rose over 6%, TAL Education Group Sponsored ADR Class A (TAL.US) rose nearly 6%, and NetEase Inc Sponsored ADR Youdao Inc ADR Class A (DAO.US) rose over 4%. In terms of news, Bank of America Securities released a research report stating that the revenue of New Oriental Education & Technology Group, Inc. Sponsored ADR in the second fiscal quarter of 2023, ending in November of last year, decreased by 3% year-on-year to USD 638.2 million, exceeding the upper limit of guidance by 3%. The bank said that although New Oriental Education & Technology Group, Inc. Sponsored ADR was affected by the epidemic in the second quarter, it is expected that growth momentum will accelerate after policy optimization. The non-GAAP operating profit margin for the fiscal year 2023 may recover to over 8%, with potential upside.

Industrial: Market fluctuations intensify. How are various types of funds moving?

Chairman Zheng Jiachun increased his holding of CHOW TAI FOOK (01929) by 30,000 shares at a price of approximately HK$10.76 per share.

Chairman Pan Binze increases his holdings in TEXWINCA HOLD (00321) by 2.76 million shares at a price of approximately 1.21 Hong Kong dollars per share.

Industrial: Market fluctuations intensify. How are various types of funds moving?

Chairman Zheng Jiachun increased his holding of CHOW TAI FOOK (01929) by 30,000 shares at a price of approximately HK$10.76 per share.

Chairman Pan Binze increases his holdings in TEXWINCA HOLD (00321) by 2.76 million shares at a price of approximately 1.21 Hong Kong dollars per share.