Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Scholar Education Group ( (HK:1769) ) just unveiled an update.
Scholar Education Group has authorised up to HK$50 million for its share award scheme trustee to purchase existing shares on the open market, representing a potential buyback of about 25 million shares, or roughly 3.71% of its issued share capital based on the latest closing price. The board argues the current share price significantly undervalues the company, and intends to use the purchased shares to incentivise eligible participants under the scheme, signalling confidence in the group’s business outlook while stating that its financial position can support the purchases without constraining operational growth; the board will actively adjust, expand or halt the buy programme depending on market valuation and capital allocation considerations.
The most recent analyst rating on (HK:1769) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Scholar Education Group stock, see the HK:1769 Stock Forecast page.
More about Scholar Education Group
Scholar Education Group is a Hong Kong–listed education services provider incorporated in the Cayman Islands, focusing on providing tutoring and related education services in mainland China. The group targets students through after-school and supplemental education programmes and operates within a highly competitive and regulated education sector, relying on talent attraction and retention to support its growth and operational performance.
Average Trading Volume: 1,598,611
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.35B
For a thorough assessment of 1769 stock, go to TipRanks’ Stock Analysis page.