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China Beststudy Education Group (3978.HK)

HKSE - HKSE Delayed Price. Currency in HKD
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0.620-0.010 (-1.59%)
At close: 4:08PM HKT
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Previous Close0.630
Bid0.600 x 0
Ask0.620 x 0
Day's Range0.600 - 0.630
52 Week Range0.430 - 3.240
Avg. Volume2,235,658
Market Cap525.277M
Beta (5Y Monthly)0.83
PE Ratio (TTM)N/A
Earnings DateMar. 25, 2021
Forward Dividend & Yield0.06 (4.20%)
Ex-Dividend DateMay 18, 2021
1y Target EstN/A
  • Reuters

    UPDATE 2-China's new private tutoring rules put billions of dollars at stake

    China's sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors had bet billions of dollars on in recent years. The rule changes, which are much tougher than previously expected, have put at risk billions of dollars of public and private capital ploughed into the sector over the last few years on hopes for continued demand in the world's most populous country. The move triggered a massive fall on Friday in the Hong Kong and New York-listed shares of Chinese private education companies, and the selloff continued on Monday with some of the stock plummeting between 30% and 40%.

  • Reuters

    China's private education firms brace for hit from new rules

    China's private education firms are bracing for a "material" hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures on families. News of the rule changes on Friday sent shockwaves through China's $120 billion private tutoring sector and triggered a massive sell-off in the shares of companies including U.S.-listed TAL Education Group and Gaotu Techedu . In early Monday trading on the mainland, the education industry sub-index dropped 7%, while shares of New Oriental Education & Technology Group Inc fell 40%.