Core Viewpoint - The majority of popular Chinese concept stocks experienced an increase on Monday, with the Nasdaq Golden Dragon China Index rising by 2.03% [1] Group 1: Stock Performance - Xunlei saw a significant increase of over 9% [1] - Bilibili, Alibaba, New Oriental, Sohu, and Youdao each rose by over 4% [1] - Li Auto and JD.com increased by over 3% [1] - Baidu, NetEase, and NIO rose by over 2% [1] - XPeng experienced an increase of over 1% [1]

Group 1 - The Nasdaq China Golden Dragon Index increased by 2% on Monday, indicating a positive trend in the market for Chinese stocks listed in the U.S. [1] - Popular Chinese concept stocks saw significant gains, with PONY.US and EDU.US rising nearly 9%, TIGR.US increasing over 5%, and BABA.US climbing nearly 4% [1] - Other notable performers included LI.US, which rose by 3%, and BIDU.US, which increased by over 2% [1]

Market Performance - The Hong Kong stock market experienced a significant rise, with the Hang Seng Index closing up 1.89% at 26,622.88 points and a total trading volume of HKD 309.1 billion [1] - The Hang Seng Tech Index increased by 2.08%, closing at 6,324.25 points, while the Hang Seng China Enterprises Index rose by 1.62% to 9,454.12 points [1] Blue-Chip Stocks - Alibaba (09988) saw a notable increase of 4.14%, closing at HKD 173.4, contributing 104.49 points to the Hang Seng Index [2] - Morgan Stanley raised its forecast for Alibaba's capital expenditure for FY2026-2028 from RMB 100-108 billion to RMB 130-135 billion, citing growth in Alibaba Cloud [2] - Other blue-chip stocks like New Oriental (09901) and Zijin Mining (02899) also performed well, with increases of 7.86% and 5.86% respectively [2] Sector Performance - Large technology stocks generally rose, with Kuaishou and Alibaba both up over 4%, while Xiaomi saw a decline of 2.01% [3] - The financial sector showed strong performance, with Huatai Securities (06886) up 12.55% and other major brokerages also experiencing significant gains [3] - The metals sector performed well, with stocks like Zhaojin Mining (01818) and Ganfeng Lithium (01772) rising by 6.68% and 6.55% respectively [4][5] Policy and Economic Outlook - The central bank emphasized the need for a moderately loose monetary policy to boost credit and investment in the financial sector [4] - The A-share margin trading balance reached a historical high, indicating increased trading activity and potential for growth in brokerage earnings [4] Emerging Trends - The demand for energy storage is strong, with leading battery companies operating at full capacity and orders extending into next year [7] - The new energy storage installation target for 2027 is set at 180 million kilowatts, which is expected to drive an investment of approximately RMB 250 billion [7] - The gaming and tourism sectors are anticipated to benefit from the upcoming National Day holiday, with hotel occupancy rates nearing 90% [8] Notable Stock Movements - Ubiquitous Robotics (09880) reported a significant contract worth RMB 30 million for its humanoid robots, indicating strong demand in the robotics sector [6] - Lai Kai Pharmaceutical (02105) saw an increase of 11.16% after positive results from its obesity treatment trials [10] - Xiaomi (01810) faced a decline of 2.01% due to a downward revision in expected shipments for its 17 series smartphones [11]

新东方港股今日大涨近8%，带动新东方(EDU.US)美股盘前涨近6%。消息上，大和发表研究报告指，经 审视新东方2025年夏季学期经营状况，以及旗下东方甄选2025财年业绩后，认为集团整体业务发展趋向 稳定，K-9秋季学生留存率改善，出国考试准备业务不再恶化。大和将新东方2026至2028财年收入预测 上调1%至2%，每股盈利预测上调0.2%至5%。(格隆汇) | EDU 新东方 | | | | --- | --- | --- | | 51 350 + +0.590 +1.16% | | 收盘价 09/26 15:59 美东 | | 54.350 + 3.000 +5.84% | | 盘前价 09/29 04:34 美东 | | 三 7 24 华 S 9 日 ♥ 自选 | | ● 快捷交易 | | 最高价 51.350 | 开盘价 50.600 | 成交量 56.99万 | | 最低价 50.130 | 昨收价 50.760 | 成交额 2904.12万 | | 平均价 50.955 | 市盈率TTM 22.33 | 总市值 81.72亿 (1) | | 振 幅 2.40% | 市盈率(静) 22.33 | ...

Group 1 - The online education sector in Hong Kong has seen a general increase, with stocks like NetDragon rising over 12% to reach a new high, New Oriental up over 5%, and Thinking乐 Education increasing by 2% [1] - Recent positive developments in online education are attributed to policy support, technological empowerment, and industry regulation, including the significant impact of the "14th Five-Year Plan" for educational digitalization [1] - The "County High School Revitalization Action Plan" is promoting the allocation of digital resources to county-level schools, providing a long-term and stable growth outlook for the industry [1] Group 2 - Daiwa has raised the target price for New Oriental to HKD 49, anticipating increased shareholder returns and noting improvements in K-9 student retention rates for the autumn term [1] - NetDragon is recognized for its stable cash-generating business and its active use of AI technology to empower its second growth curve in education, with current market focus on its AI effectiveness and overseas expansion [1] - Thinking乐 Education received a boost this month with Fidelity International and its affiliates increasing their holdings by 950,000 shares, valued at approximately HKD 2.146 million [1]

大和指出，经审视新东方-S 2025年夏季学期经营状况，以及旗下东方甄选2025财年业绩后，认为集团 整体业务发展趋向稳定，K-9秋季学生留存率改善，出国考试准备业务不再恶化。新东方更宣布自2026 财年起，计划将不低于其前一财年股东应占净利润的50%，以股息分配或股份回购等形式回馈股东。大 和认为，憧憬股东回报比例可能显着高于集团承诺的50%，或达到高双位数百分比甚至超过100%，相 信对股份属关键正面催化剂。 新东方-S(09901)涨超5%，截至发稿，涨5.47%，报41.62港元，成交额1.14亿港元。 国盛证券发布研报称，截至FY25Q4，公司递延收入(客户预收款)19.55亿美元(YoY+9.8%)，收款端保持 增长，一定程度保障未来收入。公司预计FY2026Q1净营收(包括东方甄选)同增2%~5%至14.64~15.07亿 美元，指引较为保守，主要是由于FY25Q1同期高基数及2025年春节提前重新排课导致K12业务结算错 期所致。公司预计FY2026净营收(包括东方甄选)同增5%~10%至51.45~53.90亿美元，略低于上一季度给 出的指引，主要是由于留学业务预计持续受到宏观经济和国际关系 ...

Group 1 - New Oriental Education & Technology Group (09901.HK) saw its stock price increase by over 5% on September 29, reaching a price of 41.62 HKD [1] - The trading volume for New Oriental was reported at 114 million HKD [1]

Group 1 - New Oriental-S (09901) shares increased by over 5%, reaching a price of HKD 41.62 with a trading volume of HKD 114 million [1] - Guosheng Securities reported that as of FY25Q4, the company's deferred revenue (customer prepayments) was USD 1.955 billion, reflecting a year-over-year increase of 9.8%, indicating growth in the collection side which supports future revenue [1] - The company projects FY2026Q1 net revenue (including Dongfang Zhenxuan) to grow by 2% to 5% year-over-year, reaching USD 1.464 to 1.507 billion, with conservative guidance due to a high base in FY25Q1 and rescheduling of K12 business due to the early Spring Festival in 2025 [1] Group 2 - Daiwa noted that after reviewing New Oriental-S's operational status for the summer semester of 2025 and the performance of Dongfang Zhenxuan for FY2025, the overall business development of the group appears stable, with improved K-9 fall student retention rates and no further deterioration in overseas exam preparation services [2] - New Oriental announced plans to distribute no less than 50% of its net profit attributable to shareholders from the previous fiscal year in the form of dividends or share buybacks starting from FY2026 [2] - Daiwa believes that the anticipated shareholder return ratio could significantly exceed the group's commitment of 50%, potentially reaching high double-digit percentages or even over 100%, which is seen as a key positive catalyst for the shares [2]

Group 1 - New Oriental-S (09901) saw a stock increase of over 5%, reaching HKD 41.62 with a trading volume of HKD 114 million [1] - Guosheng Securities reported that as of FY25Q4, the company's deferred revenue (customer prepayments) was USD 1.955 billion, reflecting a year-over-year increase of 9.8%, indicating growth in the collection side which supports future revenue [1] - The company projects FY2026Q1 net revenue (including Dongfang Zhenxuan) to grow by 2% to 5% to USD 1.464 to 1.507 billion, with conservative guidance due to a high base in FY25Q1 and rescheduling of K12 business due to the early Spring Festival in 2025 [1] Group 2 - Daiwa noted that after reviewing New Oriental-S's summer semester operations for 2025 and the performance of Dongfang Zhenxuan, the overall business development is stabilizing, with improved K-9 fall student retention rates and no further deterioration in overseas exam preparation services [2] - New Oriental announced plans to distribute no less than 50% of its previous fiscal year's net profit to shareholders in the form of dividends or share buybacks starting from FY2026, which could potentially exceed 100% [2] - The anticipated shareholder return ratio is seen as a significant positive catalyst for the stock [2]

人民财讯9月29日电，恒生指数开盘涨0.74%，恒生科技指数涨0.67%。紫金矿业涨超3%，新东方、京东 健康等涨超2%。 ...