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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.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Sudden Movement Report | China Edu Group rises by 4.30%, leading the education stocks, with a major support policy for professional education released, institutions bullish on the long-term development of the industry
Education stocks lead the gains. As of the deadline for this report, China Edu Group rose by 4.30% to HK$4.85; China East Edu rose by 3.83% to HK$2.44; and China East Education rose by 2.54% to HK$2.42.
Hong Kong stock concept tracking | Major support policies for professional education released, broad space for vocational education development (with concept stocks)
With the acceleration of the transformation and upgrading of our country's manufacturing industry, there is a large gap in high-quality skilled technical talents, and the professional education market has great development potential.
GINGKO EDU: Interim Report 2024
Performance: gingko edu (01851.HK) recorded a net profit of 0.107 billion RMB for the first half of the year, an increase of 29.8%, and no dividend will be distributed.
Gingko Edu (01851.HK) announced its interim performance for the six months ending in June, with a revenue of 0.202 billion RMB, an increase of 9.7% year-on-year. It recorded a net profit of 0.107 billion yuan, an increase of 29.8%, with earnings per share of 21 cents. No mid-year dividend will be paid.
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