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new higher edu (02001.HK) plans to hold a board of directors meeting on November 28 to approve annual performance.
Gelonghui, November 18th - New higher edu (02001.HK) announced that a board of directors meeting will be held on Thursday, November 28, 2024, to approve the group's annual results for the year ending August 31, 2024, and their release, as well as to consider the distribution of a final dividend (if any).
NEW HIGHER EDU: NOTICE OF BOARD MEETING
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.
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.
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