On July 26, ANGLI shares, doushen education, Qinshang shares and XueDa education fell by the limit one after another. Even public education without K12 extracurricular training business also suffered a limit, just as netizens said: “it has no direct impact on you, but it’s coming to grab business.”
On the same day, the education stocks fell sharply, along with Baijiu, medical beauty and ophthalmic concept stocks. Among them, Baijiu index fell 7.22%, Jiugui Liquor, Shuijingfang limit, Shanxi Fen Wine approached the limit, Wuliangye fell nearly 8%, Moutai in Guizhou fell 5%. The medical beauty index fell 7.64%, langzi shares, international medicine and Suning global fell by the limit, and aimeike fell by more than 15%; Aier Ophthalmology, the leading ophthalmology stock, fell more than 10%.
A paragraph explains why Baijiu, medical beauty and ophthalmology share plummeted with education shares: “children don’t need to make up classes, and the crash of tutoring classes has broken down. Without making up lessons, the eyes became better, so the ophthalmology collapsed. Mom doesn’t have to send her children to make up classes on weekends, so she doesn’t have time to do beauty, so the medical beauty also collapsed. The children did not send the tutorial class, and dad did not have time to go out for drinking, so the Baijiu also collapsed. Quality education will be carried out in the future, so the price limit for selling piano has been raised. ”
It is worth noting that, looking at the steep fall in share prices, some shareholders of listed companies began to act. On the evening of July 26, ANGLI Co., Ltd., a concept stock of after-school training, announced that the two shareholders planned to increase their holdings of 1.1% to 11% of the company’s shares in total. After the share price has fallen for six consecutive years and hit a new low for nearly nine years, can the increase of shareholders save the falling share price of ANGLI shares?
A-share, Hong Kong stock and US stock after-school training stocks collapsed collectively
After the implementation of the “double reduction” policy of compulsory education, the avalanche of out of school training concept stocks continues.
Let’s take a look at the performance of concept stocks related to Hong Kong stocks: on July 26, New Oriental plunged 47%, think music education plunged 45.45%, New Oriental online fell 33.45%, and excellence education group fell 42.45%; The previous trading day, New Oriental, thinking music education, New Oriental online and excellence education group fell by 40.61%, 28.53%, 28.07% and 21.48% respectively.
Since the high point, New Oriental, think music education, New Oriental online and excellence education group have decreased by 90%, 95%, 91% and 87% respectively. The market value is only HK $27.428 billion, HK $767 million, HK $3942 million and HK $517 million respectively, which is HK $246852 billion, HK $14.573 billion, HK $39.858 billion and HK $3.46 billion lower than that in the peak period.
Let’s look at the A-share market. After the “double reduction” policy of compulsory education was officially introduced last weekend, companies with a high proportion of K12 extracurricular training business plunged. On July 26, doushen education, Qinshang shares, XueDa education, ANGLI shares, etc. fell one after another.