---
title: "Understanding the Market | Dongfang Selection rebounds by over 7%, receiving 1 million shares increase from New Oriental, Goldman Sachs optimistic about its improvement in operating gross profit margin in the fourth quarter"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/202862517.md"
description: "Dongfang Selection rebounded by more than 7%, after falling by over 10% yesterday. As of the time of publication, it rose by 7.27% to HKD 17.12, with a turnover of HKD 129 million. According to the latest information from the Hong Kong Stock Exchange, on April 24, Dongfang Selection received New Oriental Education & Technology Group Inc.'s on-market increase of 1 million shares at an average price of HKD 17.3879 per share, involving approximately HKD 1738.79 million. After the increase, New Oriental Education & Technology Group Inc.'s latest shareholding amount is 588 million shares, with a shareholding ratio rising to 57.04%. Goldman Sachs research report pointed out that the worst situation for Dongfang Selection has passed, and it is expected that the operating gross profit margin will improve to 7% in the fourth quarter of the 2024 fiscal year. The bank has lowered Dongfang Selection's target price from HKD 21.5 to HKD 18.4, based on increased profit margin pressure, with an investment rating of \"Neutral\""
datetime: "2024-04-26T01:57:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/202862517.md)
  - [en](https://longbridge.com/en/news/202862517.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/202862517.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/202862517.md) | [English](https://longbridge.com/en/news/202862517.md)


# Understanding the Market | Dongfang Selection rebounds by over 7%, receiving 1 million shares increase from New Oriental, Goldman Sachs optimistic about its improvement in operating gross profit margin in the fourth quarter

According to the latest news from the Wise Finance APP, Dongfang Zhenxuan (01797) rebounded by more than 7%, after falling more than 10% yesterday. As of the time of publication, it rose by 7.27% to HKD 17.12, with a turnover of HKD 129 million.

On the news front, the latest information from the Hong Kong Stock Exchange shows that on April 24, Dongfang Zhenxuan received New Oriental Education & Technology Group Inc.'s increase of 1 million shares at an average price of HKD 17.3879 per share, involving approximately HKD 1738.79 million. After the increase, New Oriental Education & Technology Group Inc.'s latest shareholding amount is 588 million shares, with a shareholding ratio increasing to 57.04%.

Goldman Sachs research report pointed out that the worst situation for Dongfang Zhenxuan has passed, and it is expected that the operating gross profit margin will improve to 7% in the fourth quarter of the 2024 fiscal year. The bank has lowered Dongfang Zhenxuan's target price from HKD 21.5 to HKD 18.4, based on increased profit margin pressure, with an investment rating of "Neutral"

### 相關股票

- [EAST BUY (01797.HK)](https://longbridge.com/zh-HK/quote/01797.HK.md)
- [New Oriental EDU & Tech (EDU.US)](https://longbridge.com/zh-HK/quote/EDU.US.md)
- [NEW ORIENTAL-S (09901.HK)](https://longbridge.com/zh-HK/quote/09901.HK.md)
- [Goldman Sachs (GS.US)](https://longbridge.com/zh-HK/quote/GS.US.md)

## 相關資訊與研究

- [SpaceX Has Filed Confidentially For Its IPO: Report](https://longbridge.com/zh-HK/news/281408917.md)
- [Anthropic in Talks for October IPO to Raise Over $60 Billion, Sources Say](https://longbridge.com/zh-HK/news/280716276.md)
- [FACTBOX-Mega IPOs loom on Wall Street as Elon Musk's SpaceX confidentially files paperwork](https://longbridge.com/zh-HK/news/281394222.md)
- [Goldman Sachs AI stocks: Top 12 stocks to buy](https://longbridge.com/zh-HK/news/281035837.md)
- [ROI-A riskier Mideast will drive Big Oil toward new frontiers: Bousso](https://longbridge.com/zh-HK/news/280968961.md)