Hong Kong Stock Market News | New Oriental EDU & Tech surges over 6% in early trading, recently becoming the focus of attention again. Institutions claim to have raised their views on mainland education stocks.

New Oriental EDU & Tech rose more than 6% in early trading, and as of the time of writing, it has risen by 5.85% to HKD 64.25, with a turnover of HKD 21.27 million. On the news front, EAST BUY, which attracted attention due to the "small essay" controversy, has once again become the focus. On the one hand, EAST BUY announced the termination of the sale of its education business to its parent company, New Oriental EDU & Tech, while New Oriental EDU & Tech and Yu Minhong promised to purchase HKD 700 million worth of company shares. On the other hand, Dong Yuhui, who owns 100% of EAST BUY, hosted a live broadcast called "Walking with Yuhui," and caused a heated discussion by inviting Andy Lau to promote products, with 300,000 movie tickets being sold out in seconds. Yamato Holdings Co., Ltd. pointed out that it has raised its view on mainland education stocks from "neutral" to "positive," and reiterated its "buy" rating on NEW ORIENTAL-S Hong Kong and US stocks. Yamato Holdings Co., Ltd. stated that investors seem to prefer industries that have recovered after regulatory measures and have improved growth prospects. The faster capacity expansion and operating leverage-driven profit surprises this year will be the main catalysts for the sector's stock prices. The bank also believes that the above-mentioned companies will return to a growth mode this year.