Bocom Intl Rating: Valuations of the mainland internet plus-related industry have recently pulled back, supported by performance and buybacks

On July 2nd, Guolonghui reported that bocom intl published a research report, rating the mainland internet industry as a leader. The report mentioned that in the second quarter of 2024, there is a sustained significant increase in shareholding of software-related industries in the Hong Kong stock market. Advertising and entertainment remain higher than the industry average, but shareholding in the e-commerce industry continues to decline. International institutional holdings are mainly concentrated in the life service, e-commerce, and gaming industries, with a higher shareholding ratio than the industry average. It has a significant difference in preference from the Hong Kong stock market, and has slightly rebounded in shareholding of entertainment and advertising companies, but still below the average. In June, the sentiment of the Mainland's internet sector fell back, and the China Internet ETF (KWEB) fell by 7% month-on-month, compared with a 6% rise in the Nasdaq and a 2% drop in the Hang Seng Index.

Gelonghui Finance10:57

Express News | Dong Yuhui's company received a license for TV program production.

BreakingsJul 1 15:10

Express News | East buy anchor Mingming apologized for the controversy over the use of 'mountains and rivers shattered': a casual choice of words without timely correction.

BreakingsJun 29 09:35

BofA Securities Maintains New Oriental(EDU.US) With Buy Rating, Maintains Target Price $111.2

BofA Securities analyst Lucy Yu maintains $New Oriental(EDU.US)$ with a buy rating, and maintains the target price at $111.2.According to TipRanks data, the analyst has a success rate of 50.0% and a t

Futu NewsJun 28 17:32 · Ratings

Jefferies slightly lowers New Oriental Education's (EDU.US) target price to $107.7 and rates it as "buy".

Jefferies slightly lowers New Oriental Education's (EDU.US) target price to $107.7 and rates it as "buy".

AASTOCKSJun 27 10:24

US stocks are abnormal, with New Oriental up 2% in pre-market trading and bullish forecasts from institutions.

On June 26, Gelunhui | New Oriental (EDU.US) rose 2.03% before the market and reported $78. Daiwa issued a report stating that it raised New Oriental's revenue forecast for the fiscal year 2025 to 2026 by 3% to 4% to reflect higher assumed transactions of commodities from East Buy. Daiwa expects New Oriental's fourth-quarter revenue in fiscal year 2024 to increase by 32.5% year-on-year to US$1.14 billion, with expected growth relative to the company's guidance of 28% to 31%. The operating profit forecasted by non-US GAAP for operating profit is $69 million, and net profit is forecasted to be $74 million. The bank's forecast is basically consistent with the market expectations.

Gelonghui FinanceJun 26 16:26