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FIL Limited increased its shareholding in scholar edu (01769) by 1.432 million shares, with an approximate price of about 4.99 Hong Kong dollars per share.
On November 5th, FIL Limited increased its shareholding of Scholar Edu (01769) by 1.432 million shares, at a price of HK$4.9891 per share, totaling approximately HK$7.1444 million.
Scholar Edu (01769.HK) received shareholding of 1.432 million ordinary shares by Fidelity International and related parties, worth approximately 7.1444 million Hong Kong dollars.
Reported on November 8th, according to the documents disclosed by the Hong Kong Stock Exchange on November 8th, FIL Limited increased its shareholding in Scholar Edu (01769.HK) by an average price of HK$4.9891 per share on November 5th, acquiring 1.432 million shares of common stock, worth approximately HK$7.1444 million. After the increase, FIL International's latest number of shares held is 28.966 million shares, and the stake ratio has increased from 4.87% to 5.13%. This trade involves other related parties: Pandanus Associates Inc. and Pandanus.
HK stocks are on the move | Education stocks are all rising, as the policy proposes expanding the supply of high-quality education resources. Private high schools are the first to benefit from the warming of HK stocks.
Education stocks are on the rise. As of the time of publication, China Edu Group (00839) rose by 5.65% to HK$5.05; Beststudy Edu (03978) rose by 5.12% to HK$3.08; New Oriental-S (09901) rose by 3.85% to HK$47.15; China East Edu (00667) rose by 3.33% to HK$3.1.
Zheshang: Profit margin adjustment in the stage of K12 expansion, private high school benefits first from the warming of Hong Kong stocks.
Private high school sector is the first to benefit from the warming of Hong Kong stocks, as the Fed begins to cut interest rates and central bank policies stimulate. If Hong Kong stocks rebound as a whole, the historically undervalued high education and high dividend sector may perform relatively well.
Mainland education stocks in Hong Kong plunged, new oriental fell more than 10%.
Glory Times on October 24th | New Oriental fell more than 10%, scholar edu fell more than 7%, virscend edu, and mapleleaf edu all fell more than 5.5%.
Express News | Huatai Research initiates Buy rating on Scholar Edu Group with a target price of 8.68 Hong Kong dollars.
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