Tag: Today

Eight new Covid-19 clusters today, including three in education institutions

Health director-general Tan Sri Dr Noor Hisham Abdullah arrives for his daily press conference on Covid-19 in Putrajaya February 9, 2021. — Picture by Hari Anggara

Health director-general Tan Sri Dr Noor Hisham Abdullah arrives for his daily press conference on Covid-19 in Putrajaya February 9, 2021. — Picture by Hari Anggara

KUALA LUMPUR, April 17 — Eight new Covid-19 clusters were detected by the Health Ministry today, three of which are located in schools or education institutions.

Its director-general Tan Sri Dr Noor Hisham Abdullah said of the eight clusters, one is located in Selangor, Pahang, and Johor respectively, while two are located in Sabah and three in Sarawak.

“The clusters today include the Jalan Maktab cluster in Selangor, the Seri Kuantan cluster in Pahang,

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Chinese Education Stocks: Why EEIQ, WAFU, CLEU, FEDU, EDU, TAL, GSX Stocks Are on the Move Today

The Chinese education market is a major trend in trading right now. With the nation being the initial center of the novel coronavirus pandemic, savvy investors have sought out online education stocks.  These stocks were predicted to rise as a result of quarantine, and they lead to some healthy profits. Today, Chinese education stocks are captivating investors again, but not all are gaining.

text books on a desk with a chalkboard in the background

Source: Shutterstock

There are two driving trends behind the big moves. One is in regard to the IPO of Elite Education Group (NASDAQ:EEIQ). The company centers on providing Chinese students studying abroad with aggregated education

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Why New Oriental Education, TAL Education, and Daqo New Energy Stocks All Dropped Today

What happened

Wednesday was not the best day to own Chinese stocks, as rumors of a change in stimulus policy sent shares of education companies New Oriental Education & Technology Group (NYSE:EDU) and TAL Education Group (NYSE:TAL), down 14% and 11.6%, respectively.

Shares of Daqo New Energy (NYSE:DQ), a Chinese producer of materials for solar panels, weren’t particularly healthy either, down 10.9%.

Map of China under a magnifying glass

Image source: Getty Images.

So what

What rumors are we talking about? In a headline long on shock value, but short on specifics, Benzinga.com reported today that investors are worried that China may reduce economic stimulus

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Why New Oriental Education Stock Got Crushed Today

What happened

Shares of New Oriental Education (NYSE:EDU) have gotten crushed today, down by as much as 10%, after the company reported fiscal second-quarter earnings. The results beat expectations, while guidance was mostly in line with current estimates.

So what

Revenue in the fiscal second quarter increased 13% to $887.7 million, which was ahead of the $882.3 million in sales that Wall Street analysts were modeling for. That translated into adjusted earnings per American depositary share (ADS) of $0.43, topping the consensus estimate of $0.33 per ADS in adjusted profits. The company recently listed its shares on the Hong Kong

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Defence recalls ex-education minister Mahdzir Khalid today for further cross-examination

Datin Seri Rosmah Mansor arrives at the Kuala Lumpur High Court October 4, 2020. — Picture by Hari Anggara

KUALA LUMPUR, Oct 5 — Former education minister Datuk Seri Mahdzir Khalid is expected to take the witness stand again in Datin Seri Rosmah Mansor’s bribery-for-contract trial this afternoon.

Mahdzir, who was the fifth prosecution witness, was recalled by Rosmah’s lawyers to give further testimony.

Defence lawyer Datuk Akberdeen Abdul Kadir told the press that the team is exercising its right to recall the witness in a bid to clarify certain issues.

“We told the court during the cross-examination that

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