HK Stock Market Move | BESTSTUDY EDU (03978) closes with over 6% increase to a record high, institutions are optimistic about the company's continuous increase in market share in the Guangdong region.

BESTSTUDY EDU (03978) rose more than 6% in the last session, reaching a high of HK$5.13, a new record high. As of the time of writing, it had risen by 5.81% to HK$5.1, with a trading volume of HK$1245.74 million. On the news front, according to the Excellent Education official account, the company's "WhaleAccurate Education" personalized learning system was selected as an excellent case for the high-quality development of private education in Guangzhou. In addition, the company's 2024 annual report showed that it achieved a total operating income of HK$1.1 billion, a year-on-year increase of 125.2%; net profit attributable to shareholders was HK$190 million, a year-on-year increase of 110.9%. The company plans to pay a dividend of HK$0.123 per share in 2024, accounting for approximately 50% of the annual net profit. Sealand pointed out that the company is the leading K12 education provider in South China, successfully transitioning to quality education. While focusing on the Guangzhou market, it is also actively expanding into the Shenzhen and Foshan markets. With the increasing demand for education in the Greater Bay Area and the improvement in the competitiveness of compliant institutions, it is expected that the company's market share in Guangdong will continue to rise in the future. FIRST SHANGHAI also stated that as a leading player in the education and training industry in South China, the company has actively promoted business compliance transformation after the double reduction policy, gradually returning to normal business development track. The business in Guangzhou continues to develop steadily, and there is still significant room for development in Shenzhen and Foshan.