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<Research>CLSA: Dong Yuhui's Resignation May Post ~5-7% Financials and Valuation Impact on New Oriental at Worst
Recommend 16 Positive 14 Negative 18 |
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According to a recent CLSA report, EAST BUY (01797.HK) announced earlier that Dong Yuhui decided to leave his role as an employee of the company. CLSA expects the financials and valuation impact of this to be at worst case around 5-7% for New Oriental Education (EDU.US). On sentiment, the broker is unsurprised to see some near-term selling pressure on New Oriental Education due to this incident, as Dong is part of the senior management in EAST BUY and a famous celebrity in China. AAStocks Financial News |
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