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...
200 Views
China Xinhua Edu IPO Review - Re-Rate in Valuation Will Have to Come from Acquisitions
China Xinhua Education (CXE HK) is raising about US$166m in its upcoming IPO. Proceeds raised will be mostly used for acquisition, improvement of...
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China Xinhua Education IPO Preview: Unexciting Compared to Peers
China Xinhua Education (CXE HK) will shortly list in Hong Kong. At the mid-point of the IPO price range, HK$2.83-3.69 per share, China Xinhua...
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