La catena delle opzioni mostra i dati chiave delle opzioni azionarie di New Oriental Education a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per New Oriental Education..

New Oriental Education (NYSE:EDU) Azioni, Catena delle Opzioni

New Oriental Education

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. The company also owns 55% of East Buy, a market leader in livestreaming e-commerce.

New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands)

New Oriental Education & Technology Group Inc

Educational Development Corporation - Common Stock

Educational Development Corp

EDU Holdings Ltd

EduLab Inc

Global X Funds Education ETF (New)

NEW ORIENTL EDUCTN GRP ADR REP 1 ORD

WIIM

ATAT

BABA

BEKE

BIDU

BILI

DADA

New Oriental Education & Technology Group

FUTU

GSX Techedu Inc. American Depositary Shares

GOTU

HUYA

JDZG

MNSO

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Shares of US-listed Chinese stocks are trading higher. The People's Bank of China announced it will use outright reverse repurchase agreements to enhance liquidity management, which may boost investor confidence and boost China's monetary policy.

U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Wednesday.
Shares of Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected third-<a href="https://www.benzinga.com/news/earnings/24/10/41467657/enphase-energy-stock-slides-on-q3-earnings-miss-us-revenue-jumps-european-revenue-falls-on-further-">quarter financial results</a>.
Enphase Energy reported third-quarter revenue of $380.9 million, missing the consensus estimate of $391.979 million. The solar company reported adjusted earnings of 65 cents per share, missing analyst estimates of 77 cents per share, according to Benzinga Pro.
Enphase Energy shares tumbled 15.2% to $78.21 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Alto Neuroscience, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANRO#NYSE">ANRO</a>) shares dipped 61.4% to $5.59 in pre-market trading after the company announced topline results from a Phase 2b trial evaluating ALTO-100 as a treatment for major depressed disorder did not meet its primary endpoint.</li>
<li>Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) shares fell 8.5% to $102.90 in pre-market trading following third-quarter results.</li>
<li>McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) shares fell 7.2% to $292.20 following CDC reports of an E. coli outbreak linked to quarter pounders.</li>
<li>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) fell 6.8% to $105.00 in pre-market trading following first-quarter results.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares fell 6.2% to $62.99 in pre-market trading following first-quarter results.</li>
<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) shares fell 3.6% to $229.55 in pre-market trading after the company reported mixed third-quarter financial results and lowered FY24 GAAP EPS outlook.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41479244/dow-edges-lower-as-investors-watch-earnings-reports-with-caution-fear-index-remains-in-greed-zone">Dow Edges Lower As Investors Watch Earnings Reports With Caution: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Earnings

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

ANRO

ENPH

Enphase Energy Posts Downbeat Results, Joins McDonald's, Seagate And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

New Oriental Education shares are trading lower after the company reported mixed Q1 financial results and issued Q2 revneue guidance below estimates.

Operating Highlights for the First Fiscal Quarter Ended August 31, 2024
<ul>
<li>The total number of schools and learning centers was 1,089 as of August 31, 2024, an increase of 64 and 296 compared to 1,025 as of May 31, 2024 and 793 as of August 31, 2023, respectively. The total number of schools was 80 as of August 31, 2024.</li>
</ul>

New Oriental Education Reported 1,089 Schools and Learning Centers As Of August 2024, Vs 793 YoY

Outlook for the Second Quarter of the Fiscal Year 2025
New Oriental expects total net revenues, excluding revenues generated from East Buy private label products and livestreaming business,&nbsp;in the second quarter of the fiscal year 2025 (September 1, 2024 to November 30, 2024) to be in the range of US$851.4 million to US$871.8 million, representing year over year increase in the range of 25% to 28%.&nbsp;&nbsp;

Guidance

New Oriental Education Expects Q2 Revenue Of $851.4M-$871.8M Vs $1.033B Est

Earnings Beats

Earnings Misses

New Oriental Education Q1 2025 Adj. EPADS $1.60 Beats $1.49 Estimate, Sales $1.435B Miss $1.445B Estimate

New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.
Analysts estimate that New Oriental Education will report an earnings per share (EPS) of $1.50. 
Investors in New Oriental Education are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
The company's EPS missed by $0.22 in the last quarter, leading to a 1.7% drop in the share price on the following day.
Here's a look at New Oriental Education's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.44</td>
<td>0.79</td>
<td>0.29</td>
<td>0.81</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.22</td>
<td>0.63</td>
<td>0.29</td>
<td>1.13</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>3.0%</td>
<td>6.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729609350_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of New Oriental Education were trading at $68.0 as of October 21. Over the last 52-week period, shares are up 3.07%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/EDU/earnings">To track all earnings releases for New Oriental Education visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at New Oriental Education's Upcoming Earnings Report

HTHT

KXIN

NTES

OQLGF

QFIN

TCOM

TIGR

XPEV

YUMC

Shares of US-listed Chinese stocks are trading higher after China's Sept. retail sales and industrial production data beat estimates.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$69.0K</td>
<td>6.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$420.00</td>
<td>$27.7K</td>
<td>6.9K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DAN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$11.00</td>
<td>$37.5K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$70.9K</td>
<td>11.3K</td>
<td>477</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$187.50</td>
<td>$25.3K</td>
<td>956</td>
<td>330</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.17</td>
<td>$32.0K</td>
<td>50.9K</td>
<td>283</td>
</tr>
<tr>
<td>SABR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$3.00</td>
<td>$33.3K</td>
<td>838</td>
<td>250</td>
</tr>
<tr>
<td>EDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$70.00</td>
<td>$93.5K</td>
<td>185</td>
<td>209</td>
</tr>
<tr>
<td>CBRL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$45.00</td>
<td>$41.1K</td>
<td>425</td>
<td>209</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$80.00</td>
<td>$30.0K</td>
<td>1.8K</td>
<td>206</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option trade that happens to be neutral, expiring in 247 day(s) on June 20, 2025. This event was a transfer of 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $69.0K, with a price of $690.0 per contract. There were 6516 open contracts at this strike prior to today, and today 1664 contract(s) were bought and sold. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 93 day(s) on January 17, 2025. This event was a transfer of 550 contract(s) at a $420.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $50.0 per contract. There were 6972 open contracts at this strike prior to today, and today 1180 contract(s) were bought and sold. 
• For DAN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>), we notice a call option trade that happens to be bullish, expiring in 30 day(s) on November 15, 2024. This event was a transfer of 500 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $75.0 per contract. There were 1162 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we observe a call option sweep with bullish sentiment. It expires in 93 day(s) on January 17, 2025. Parties traded 452 contract(s) at a $30.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $70.9K, with a price of $157.0 per contract. There were 11385 open contracts at this strike prior to today, and today 477 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on October 18, 2024. Parties traded 35 contract(s) at a $187.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $725.0 per contract. There were 956 open contracts at this strike prior to today, and today 330 contract(s) were bought and sold. 
• For F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we notice a call option sweep that happens to be bullish, expiring in 93 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $12.17 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $32.0 per contract. There were 50902 open contracts at this strike prior to today, and today 283 contract(s) were bought and sold. 
• For SABR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SABR#NASDAQ">SABR</a>), we notice a call option trade that happens to be bullish, expiring in 429 day(s) on December 19, 2025. This event was a transfer of 249 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $33.3K, with a price of $134.0 per contract. There were 838 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For EDU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on November 15, 2024. This event was a transfer of 199 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $93.5K, with a price of $470.0 per contract. There were 185 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold. 
• Regarding CBRL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), we observe a put option sweep with bearish sentiment. It expires in 30 day(s) on November 15, 2024. Parties traded 208 contract(s) at a $45.00 strike. This particular put needed to be split into 51 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $202.0 per contract. There were 425 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a put option trade with bullish sentiment. It expires in 156 day(s) on March 21, 2025. Parties traded 150 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $200.0 per contract. There were 1879 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CBRL

CVNA

SABR

SBUX

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

AIXI

DOGZ

JFIN

NOAH

VIPS

VNET

Shares of US-listed Chinese stocks are trading lower after China's September exports missed estimates. China stimulus uncertainty has also weighed on stocks recently.

ATHM

BGNE

ZLAB

Shares of US-listed Chinese stocks are trading lower after Chinese planning officials reportedly fell short of investor stimulus expectations.

OCFT

UXIN

Shares of US-listed Chinese stocks are trading higher as the sector rebounds following Thursday's selloff. Strength may be due to the recent stimulus package and the Golden Week holidays.

ATGL

Shares of US-listed Chinese stocks are trading lower as the sector pulls back from recent strength. These companies rallied after the People's Bank of China announced a new stimulus package ahead of the Golden Week holidays.

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Monday.
Shares of Prime Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) rose sharply during Monday's session after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb to develop reagents for the next generation of ex vivo T-cell therapies. Also, it announced that it is focusing its pipeline on a set of <a href="https://www.benzinga.com/quote/PRME/news">high value programs</a>. 
Prime Medicine shares jumped 39.6% to $4.8317 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) gained 28% to $6.68.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) gained 26% to $5.80.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) shares jumped 25% to $12.43.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) rose 20% to $2.8750.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) gained 18% to $101.15.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) gained 14% to $3.2250.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 13.8% to $7.42 after investors agreed to invest an aggregate of 3.3 billion yuan in its Nio China subsidiary while the company agreed to invest 10 billion yuan.</li>
<li>ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) gained 12.4% to $23.71. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) climbed 9.5% to $18.76. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>RLX Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) gained 8.6% to $1.8250.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) gained 7.8% to $79.24.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) gained 7.4% to $27.69. Shares of US-listed Chinese companies traded higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.</li>
<li>Structure Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPCR#NASDAQ">GPCR</a>) gained 6.5% to $44.45.</li>
<li>Weibo Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) gained 6.2% to $10.52.</li>
</ul>
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</ul>

Intraday Update

CAPR

GPCR

PRME

Prime Medicine, MINISO Group, Li Auto, Weibo And Other Big Stocks Moving Higher On Monday

BZUN

MSCI

Shares of US-listed Chinese companies are trading higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.

Shares of US-listed Chinese companies are trading higher possibly amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Thursday.
Shares of Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) rose sharply in today's session after the company reported better-than-expected fourth-quarter financial results and approved a $1 billion share buyback.
Jabil reported fourth-quarter revenue of $6.96 billion, down by 17.7% year-on-year, beating the analyst consensus estimate of $6.59 billion. The print manufacturing company's adjusted EPS of $2.30 beat the analyst consensus estimate of $2.22.
Jabil shares jumped 11.2% to $126.18 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>SBC Medical Group Holdings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NYSE">SBC</a>) jumped 25.4% to $10.01.</li>
<li>Gaotu Techedu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) shares jumped 25.4% to $3.65.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) gained 24.1% to $4.9650.</li>
<li>TAL Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) gained 21.7% to $10.13.</li>
<li>Ispire Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) surged 18.6% to $6.91 following FY24 financial results.</li>
<li>Studio City International Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSC#NYSE">MSC</a>) gained 17.8% to $7.43.</li>
<li>KE Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) surged 17.4% to $19.22. Shares of Chinese stocks traded higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) gained 16.7% to $36.60. Shares of Chinese stocks traded higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) gained 14.4% to $71.19.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) gained 14.2% to $109.37 following strong quarterly results.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) jumped 14.2% to $43.60.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) gained 10% to $100.78.</li>
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<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) gained 9.7% to $104.73 following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) rose 9.1% to $55.74.</li>
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<h4>Key Takeaways:</h4>
<ul>
<li>Before the restrictions, academic education contributed nearly 90% of Beststudy&rsquo;s revenue but the company&rsquo;s new extra-curricular courses now account for 40% of turnover</li>
<li>The company has also launched study tours to gain a foothold in a market valued at more than a hundred billion yuan</li>
</ul>
　
By Molly Wen
The latest earnings from&nbsp;China Beststudy Education Group&nbsp;(3978.HK) offer a lesson in using creative or critical thinking to find a way out of a crisis.
The company was badly hit by a clampdown on after-school tutoring three years ago, when the government acted to relieve study pressure on children. Beststudy was able to salvage its test-revision business from the cull, which targeted private tuition on subjects in the school curriculum, and then shifted towards offering enrichment programs and study tours to nurture non-academic talents.
Meanwhile, the policy environment recently became more supportive for education in general. In early August, China&rsquo;s government highlighted education services as a means of boosting consumption amid an uneven economic recovery, leading some investors to sense a possible loosening of the regulatory screws. Against this backdrop, the CSI SWS Education Index, which tracks training-related stocks, rose for nine days in a row.
Beststudy, a leading training enterprise in the south of China, benefited from the education rally. The company&rsquo;s share price has risen nearly 70% since the start of the year and investors got more positive news last week when Beststudy&rsquo;s revised business strategy helped to drive a jump in&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0808/2024080801034.pdf">half-year earnings</a>.
Revenue for the first six months of the year rose 68% to 317 million yuan ($44.30 million) from the same period a year earlier, while adjusted net profit surged nearly 169% to 54.41 million yuan. Turnover was still a far cry from the 1.1 billion yuan logged in the first half of 2021, but the profit leap serves to validate the decision to focus on holistic education, sidestepping the official school syllabus.
Before the clampdown in July 2021, Beststudy specialized in providing academic tutoring for individuals or small classes, segments that contributed nearly 90% of its revenue. The regulations wiped out the tutoring business, but Beststudy was still able to offer intensive pre-test coaching for students who were preparing to retake entrance exams for high school or college. The company also launched a range of vocational training courses as well as enrichment programs for school students, covering skills such as critical thinking, computer programming, literature appreciation and outdoors learning.
Income from full-time test preparation services jumped nearly 20% to 124 million yuan in the first half of the year. The company started out in 2000 by coaching high school students for college entrance exams. Five years later it added similar services for children preparing to take entrance tests for high schools. The pre-test business, which survived the government clampdown, offered the company a lifeline while it restructured its business.
<h4>Exploring other talents</h4>
Faced with the regulatory crisis, other training enterprises shifted to e-commerce and sales of educational hardware. But Beststudy saw a future in promoting learning outside the confines of the school syllabus, with programs labelled as talent education. The talent-based programs were designed to promote skills in areas such as critical thinking, nature study and scientific enquiry with courses including &ldquo;Curious Young Reporter&rdquo;, &ldquo;Thinking Planet&rdquo; and &ldquo;Literature and Aesthetic Education&rdquo;.
These courses were among the first batch of talent products to gain non-academic accreditation from education authorities in Guangdong Province in 2022. In the first half of 2024, Beststudy&rsquo;s revenue from the talent segment rocketed 321% to 118 million yuan, and the share of total revenue increased from nearly 15% in the first half of 2023 to just under 37%.
The company has also launched study tours to widen horizons and facilitate learning outside the classroom.&nbsp; China&rsquo;s market for study trips has flourished in recent years, reaching about 146.9 billion yuan in 2023, a year-on-year rise of nearly 62%, according to data from iiMedia Research. The research firm projects the market for educational travel will reach 242.2 billion yuan in 2026.
Players such as Beijing New Oriental Culture and Tourism, an arm of leading education firm&nbsp;New Oriental&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/edu#NYSE">EDU</a>), and various travel agencies have also stepped into the market. Study tours typically include lessons from professional teachers and instructors, giving a familiar brand such as Beststudy an advantage when attracting learners.
Keen to boost economic growth, China issued guidelines on Aug. 3 highlighting areas with the potential for higher consumption, including education and training. The directive said education institutions, scientific research bodies and social organizations should be encouraged to make high-quality educational resources available to a wider public. Market-watchers initially saw the move as a signal of easing restrictions on tutoring services. But the policy actually aims to improve the quality and impact of vocational education, while encouraging qualified institutions to provide tutoring on non-academic subjects as a public service, with no fundamental changes to compulsory education.
In any case, the education sector is repairing the damage from the last few turbulent years, judging from operating profits and revenues in recent earnings reports. U.S.-listed&nbsp;TAL Education&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) recently returned to profit and reported revenues jumped 50% to $414 million for its first quarter to May 31.
Beststudy&rsquo;s price-to-earnings (P/E) ratio stands at around 17 times, well below the 36 times for New Oriental on the Hong Kong market. At these levels the stock may be worth the attention of investors, as education-related demand is still going strong, outpacing overall consumption.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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