I bought a small amount of New Oriental last Friday $New Oriental (EDU.US)$, which also shows some support for Mr. Yu. At that time, I felt that public opinion in the market had some sympathy for Mr. Yu, and large institutions were also buying at the bottom, with market sentiment on this side.
Mr. Yu is a respectable entrepreneur.
In the past, he had a very positive image in the media.
Recently, he donated 80,000 sets of desks and chairs to children in mountainous areas.
This year’s education industry rectification is simply a result of changing societal trends, with the education industry being the most affected.
This wave of market rebound, in my view, is more about valuation recovery and market sentiment. Education companies are actively seeking transformation and new business growth points. Although it’s hard to see results in the short term, investment is essentially about betting on people — you believe in a good management team, someone who takes responsibility.
New Oriental Online $EAST BUY (01797.HK)$is the most flexible part of New Oriental, which is a characteristic of online businesses.
Whether doing IT or engaging in agricultural live streaming, life goes on, right? The company must continue.
Overall, I think it’s worth taking a chance in the long term, the odds are decent, although the sector has seen a significant rise recently. $NEW ORIENTAL-S (09901.HK)$ $TAL Education (TAL.US)$