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0 0 -0.000485201358563707 0.00097040271712776 0.00242600679281905 0.0184376516254247 0.025230470645318 0.0262008733624455
Stock impact report

China Market Update: TAL Terrific As Hong Kong/Mainland China Work Off Their Overbought Weekly Distribution [Forbes]

TAL Education Group American Depositary Shares (TAL) 
Last tal education group american depositary shares earnings: 7/25 04:00 am Check Earnings Report
Company Research Source: Forbes
With US tech stocks off yesterday, Chinese financial media heavily covered Tesla's financial results and an Apple analyst's lower iPhone 16 order estimate. Popular Hong Kong growth stocks and sectors underperformed as financial results from New Oriental Education, which fell -6.49% versus their US ADR -8.42% yesterday, and Topsports, which fell -2.81%, weighed on sentiment along, as the Horizon Robotics IPO only gained +2.76%, though it raised $696 million. Southbound Stock Connect was a very small (-$60 million) net sell after the past three days of heavy buying, totaling $3.57 billion, which brings the year-to-date total to $72.64 billion versus 2023's total of $40.71 billion. Before the US market open, TAL Education beat analyst expectations on the big three: revenue, adjusted net income, and adjusted EPS, with shares up +1.57% in pre-market trading. Mainland markets were also off, but not nearly as much as Hong Kong, as investors continue to wait for the date and agenda of the Show less Read more
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