HK Stock Market Move | EAST BUY (01797) rose over 23% at one point during the trading day, but dropped over 9% towards the end of the day. The turnover rate for the whole day has exceeded 10%.

EAST BUY (01797) surged by as much as 24% during the final trading session, but quickly dropped and fell by 8.94% to 39.5 Hong Kong dollars at the time of writing, with a total trading volume of 49.88 billion Hong Kong dollars and a turnover rate exceeding 10% for the day. On the news front, EAST BUY is set to release its full-year results for the fiscal year ending May 31, 2025 on August 22 (Friday). Previously, New Oriental announced its fourth quarter results for the 25th fiscal year, with revenue of 1.5 billion US dollars, a decrease of about 30% year-on-year but a narrowing decline compared to the previous quarter; Non-GAAP operating profit is around 790 million RMB, corresponding to an operating profit margin of about 7%, an increase compared to the previous quarter. The bank stated that the company's profitability has continued to improve after the controversy of splitting from Hu Tongxing and the departure of head anchor Dn Dn. The bank recommended focusing on the company's transition from being driven by anchors to being driven by products.