HK Stock Market Move | BESTSTUDY EDU (03978) rose more than 11% and announced a three-year dividend plan. The dividend payout ratio will gradually increase to 70%.

BESTSTUDY EDU (03978) rose over 11%, as of press time, it rose 11.7% to 4.2 Hong Kong dollars, with a turnover of 6.7468 million Hong Kong dollars. In terms of news, BESTSTUDY EDU announced that the Board of Directors has approved a three-year dividend plan for the fiscal years 2024, 2025, and 2026. According to the three-year dividend plan, the company plans to gradually increase the dividend payout ratio over the next three years to 50%, 60%, and 70% of the net profit attributable to the owners of the company for the previous fiscal year, and divide the dividends into two payments at the end and middle. A previous research report from Huatai pointed out that after the "double reduction" policy, the company adheres to the essence of education, actively adapts to new environments and requirements, accelerates transformation in the direction of quality education, full-time revision, vocational education, etc., significantly improves operational efficiency, and achieves rapid growth in income and profits. The bank expects the company to continue to benefit from the improvement of the regional competitive landscape dividends over the next three years.