New Oriental (EDU): Educator License Not A Concern
The Education Ministry of China promulgated Burden Relief Measures for Students in Primary and Secondary Schools (中小学生减负措施). The market is...
619 Views
China’s Rude Awakening - Review of Our Best and Worst Calls in 2018+Top Trade Ideas Q1 2019
Our calls had great successes this year starting off calling out a fraudulent US holding company boasting of “world class” AI development in...
847 Views
New Regulatory Tightening on Online Education Reads Badly on Koolearn IPO
On November 26, 2018, the Ministry of Education of China released an announcement titled "A Notice with Regard to the Improvement After-School...
593 Views
Koolearn (新东方在线) Pre-IPO - Profitable Online Edu Company but Poor Sentiment Weighs
Koolearn (1373356D HK) is looking to raise about US$200m in its upcoming IPO in Hong Kong. We like the company because it has achieved a decent...
739 Views
EDU & TAL：August Quarter: A Big Gamble and a Small Gamble
● August Quarter results from TAL and EDU contained less surprises than it appeared. TAL beat estimates mainly from structural enrollment change to...
345 Views