On November 4, it was reported that New Oriental online (01797) fell 5.06% to 16.52 yuan, down from 16.32 yuan in intraday trading, after more than half of its shares were drained on Friday (1), and about 5.75 million shares were traded, involving 95.74 million yuan.
Citi today reported that New Oriental online university and online education business are being adjusted, and revenue growth is expected to slow down, so the rating will be lowered from "buy" to "sell", and the target price will also be reduced by 7% to 13 yuan.
The Hang Seng index is now at 27466, up 365 points or 1.35%, with the main board trading at 43.081 billion yuan. The state-owned enterprise index is at 10786, up 164 points or 1.55%.
The Shanghai composite index was 2980, up 22 points or 0.76%, with a turnover of 112.497 billion yuan. The Shenzhen Component Index was 9896, up 93 points or 0.96%, with a turnover of 169.021 billion yuan.