HK Stock Market Move | BESTSTUDY EDU (03978) increased by over 3%, previously announced a three-year dividend plan. Institutions pointed out that the increase in dividends will boost confidence.

BESTSTUDY EDU (03978) rose more than 3%, reaching 3.63% by the time of publication, at 4 Hong Kong dollars, with a turnover of 5.8564 million Hong Kong dollars. On the news front, BESTSTUDY EDU previously announced that the board of directors has approved a three-year dividend plan for the fiscal years 2024, 2025, and 2026 (three-year dividend plan). 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 in the previous fiscal year, and pay dividends in two installments at the end and middle of the period. Tianfeng pointed out that the expected increase in dividends by BESTSTUDY may directly enhance investor interests and boost confidence. The bank believes that on the one hand, it validates the dividend path and the ability to achieve it, alleviating concerns for overseas investors; on the other hand, due to the continuous low sector valuations, the dividend yield is relatively attractive. Education and training are not just stable sectors, but also continuous growth tracks, with the potential for high dividends and high growth to resonate with each other.