|Bid||4.3400 x 800|
|Ask||4.3500 x 4000|
|Day's range||4.1400 - 4.4000|
|52-week range||4.0300 - 90.9600|
|Beta (5Y monthly)||0.07|
|PE ratio (TTM)||N/A|
|Earnings date||28 Oct 2021 - 04 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 May 2017|
|1y target est||43.04|
After rebounding strongly in Tuesday-morning trading, shares of Chinese education stocks have taken a U-turn today. Well, after Chinese regulators passed one -- hopefully -- final law on data privacy Monday, speculators began speculating that this might be the end of China's raft of regulations on the tech sector and perhaps the for-profit education sector as well. As you'll recall, I suggested yesterday that investors jumping back into the market and bottom-fishing for cheap education stocks might be jumping the gun a bit -- that the better course of action would be to pause and make certain that no new regulations are coming before determining whether the share price losses these stocks have endured have resulted in true bargain valuations despite the regulations.
Stock markets are glowing green once again on Tuesday, but you probably won't believe what some of the greenest tickers of all are today: Chinese education stocks. New Oriental Education is up an astounding 29.7%.
Singapore’s Temasek Holdings bought stakes or increased its holdings in several prominent Chinese technology companies shortly before sweeping moves to rein in the private sector caught the market by surprise.