Most of the stocks in education fell.
U.S. stocks closed on Monday, NetEase Youdao (DAO.US) reported $ 22.99, up 7.78%, the highest share price in more than two months. One hundred million U.S. dollars.
Youdao stock price changes, source: Snowball
US stocks opened lower and moved higher on Monday, the Nasdaq closed up 0.78%, the S & P 500 index closed up 0.01%, and the Dow closed down 0.45%. The general stocks in education were mixed, with whom to learn fell 5.60% (GSX.US), fluently said to rise 2.44% (LAIX.US), good future fell 1.22% (TAL.US), New Oriental fell 1.84% (EDU. US).
Youdao is the first independent listed company under NetEase (NTES.US). On May 6, according to Reuters reports, two sources revealed that NetEase will become the next important mainland company to offer shares in Hong Kong. According to IFR reports, NetEase may consider raising a maximum of US $ 2 billion by listing in Hong Kong. According to sources, NetEase has selected CICC, Credit Suisse and JPMorgan Chase to be responsible for the listing.
For this, Netease, Credit Suisse and JP Morgan did not comment, and CICC did not respond to requests for comment.
Netease Youdao will announce its first quarterly report after the US stock market on May 19th.
2019Q4, NetEase Youdao achieved total revenue of 410 million yuan (RMB, the same below), an increase of 78.4% year-on-year; the net loss attributable to the mother was 206 million yuan, compared with 70 million yuan in the same period of 2018. For the entire year of 2019, NetEase Youdao realized revenue of 1.3 billion yuan, an increase of 78.4% year-on-year; the net loss to the mother was 637 million yuan, and it was 239 million yuan in 2018.
At the earnings conference call, Zhou Feng, CEO of NetEase Youdao revealed that NetEase Youdao had an average monthly life of 108 million. The annual sales of the K-12 business increased to 454 million yuan, an increase of 166% year-on-year, accounting for 48% of online course sales.
According to Bloomberg analysts ’unanimous expectations, Youdao ’s Q1 revenue is expected to reach 469 million yuan, with a net loss of 187 million yuan.
As of May 12, 8 of the 8 analysts tracked by Bloomberg gave Youdao a “buy” rating with an average target price of $ 28.30.