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My investment in New Oriental Education
15 Jun 2022 (214 views)  

I invested S$233,000 in this stock. I held 53,100 shares listed in Hong Kong and 5,000 ADR (equivalent to 50,000 shares) listed in New York. My average cost was US$17.5.

The stock price dropped to $8.60 on 14 March 2022, giving me a loss of 50% on my invested sum.

I invested in the stock because it had dropped about 80% from its peak of $80 in June 2021. The drop was due to  government policy in China to restrict their private tuition business. 

I felt that the drop was too severe, as the company had other business that are profitable. Furthermore, the cash per share was higher than the prevailing stock price.

In spite of the 50% drop, I held on to the shares. 

The stock price more than doubled over the past 3 months. The increase over the past three days was a positive report from an analyst in JP Morgan chase. The reason for the bullish assessment was similar to my analysis. See report

I sold my 5,000 EDU shares at an average price of $19.50 and realized a gain of more than 10%. I will see my 9901 shares in Hong Kong later today.

Tan Kin Lian


My investment in New Oriental Education
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I invested S$233,000 in this stock. I held 53,100 shares listed in Hong Kong and 5,000 ADR (equivalent to 50,000 shares) listed in New York. My average cost was US$17.5.

The stock price dropped to $8.60 on 14 March 2022, giving me a loss of 50% on my invested sum.

I invested in the stock because it had dropped about 80% from its peak of $80 in June 2021. The drop was due to  government policy in China to restrict their private tuition business. 

I felt that the drop was too severe, as the company had other business that are profitable. Furthermore, the cash per share was higher than the prevailing stock price.

In spite of the 50% drop, I held on to the shares. 

The stock price more than doubled over the past 3 months. The increase over the past three days was a positive report from an analyst in JP Morgan chase. The reason for the bullish assessment was similar to my analysis. See report

I sold my 5,000 EDU shares at an average price of $19.50 and realized a gain of more than 10%. I will see my 9901 shares in Hong Kong later today.

Tan Kin Lian