Changes in Hong Kong Stocks | New Oriental Online rose against the market, once stood at HK$30, and the stock price rose 7 times in March

time:2022-12-02 16:39:38 source:clevelanddrifters.com author:Individual stock analysis
Changes in Hong Kong Stocks | New Oriental Online rose against the market, once stood at HK$30, and the stock price rose 7 times in March

$New Oriental Online (01797.HK)$ bucked the trend and rose today. The stock price rose more than 5% during the session and stood at the HK$30 mark, after falling nearly 7% earlier. As of press time, it rose 2.95% to HK$29.7, with a turnover of HK$1.1 billion. On the news, New Oriental Online recently announced its 2022 fiscal year results. As of May 31, the revenue of live broadcast e-commerce was 24.6 million yuan. According to third-party platform data, on June 10, the number of fans of the Oriental selection account increased by more than 470,000. volume rose sharply. On June 16, the number of fans exceeded 10 million. It is reported that the popularity of Oriental Selection is the first month of the new fiscal year of 2023, so its performance after its popularity is not included in this reporting period. The company was favored by many big banks after its performance. CICC believes that the company has completed the transformation and adjustment, and will continue to operate around live broadcast e-commerce, university business, and institutional business in the future, and will use live broadcast e-commerce business as the main growth driver. In addition, the retained business has profitability in the past. The live e-commerce business has the characteristics of not buying traffic, the cost of anchors is lower than that of traditional multi-channel (MCN) institutions, and the self-operated products have higher profitability, and the company's profitability is more certain. CITIC also released a research report saying that the non-K12 business of New Oriental Online has achieved profitability, referring to the continuous improvement of "Oriental Selection". Editor/new Risk Warning: The views of the authors or guests shown above have their own specific positions, and investment decisions should be based on independent thinking. Futu will endeavour but cannot guarantee the accuracy and reliability of the above content, and will not be liable for any loss or damage arising from any inaccuracies or omissions.

(Responsible editor:Aviation stock)

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