China New Higher Education: Negatives Mostly Baked-In
China New Higher Education’s (CNHE) share price has more than halved since my bearish note in June last year. The fall in share price was caused...
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China Trip Notes - Education Spend On Korean Path…
I began my recent Asia trip speaking at an investor conference in Vietnam, where I focused on the shift in the EM development model toward value...
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Kepei Education IPO: The Teacher Achieves Higher Margin Than Pure Businessmen
Summary Kepei’s operating margin is higher than all four Chinese colleges listed in Hong Kong. We believe Kepei’s advantage comes from the...
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Take Profit on CNHE: Priced for Perfect Execution?
CNHE has been amongst my favorite newly-listed education stocks. The stock has gained about 75% since my last two pieces in early...
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Key Risk to Private Schools: Property Developers Standing Behind
Most private school operators are also property developers. Schools provide stable cash inflows, so that some developers stopped property...
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