Education stocks continued their recent gains. As of press release, Excellence Education Group (03978) rose 28.77% to HK$2.73; Thinkle Education (01769) rose 16.67% to HK$4.62; Tianli International Holdings (01773) rose 11.4% to HK$5.08; China Education Holdings (00839) rose 6.52% to HK$4.74; and CFOX Group (00382) rose 3.7% to HK$2.8.
Zhitong Finance App learned that education stocks continued their recent gains. As of press release, Excellence Education Group (03978) rose 28.77% to HK$2.73; Thinkle Education (01769) rose 16.67% to HK$4.62; Tianli International Holdings (01773) rose 11.4% to HK$5.08; China Education Holdings (00839) rose 6.52% to HK$4.74; Zhonghui Group (00382) rose 3.7% to HK$2.8.
According to the news, the Ministry of Education issued the “Regulations on the Administration of Out-of-School Training (Draft for Comments)” on February 8. Fangzheng Securities pointed out that the current policy document clearly restricts K9 subjects, and the attitude towards non-subject training at the high school level and K9 level is quite friendly.
The bank said that it is optimistic about the continued implementation of the performance of education sector companies in 2024 and the continued restoration of valuations, 1) K12: supply contracted sharply during the double reduction period, and the entry threshold for new supply was higher than before the double reduction. Strong demand is expected to fully benefit, and market share is expected to exceed double in the medium to long term; 2) Public examination: demand for recruitment and training continues to be strong, and the three leading companies are expected to fully benefit.