TAL Education (TAL): Revenue Warning, Advantage of Extended Vacation Disappeared for Four Reasons
TAL reduced its estimate for the 4Q2020 revenue growth by 3 percentage points. We think there are four negative factors contributing to the...
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EM Outperforming; Favor EM over EAFE
China (MSCI China, Shenzhen A Share) offers a plethora of attractive setups and is a major focus in today’s report. Taiwan (TAIEX) is another focus...
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Coverage Rating Changes on Risks of Corona-Virus in China’s Economy and Financial System
While we are confident that the Chinese authorities and their 40-million population “lockdown” strategy in Hubei province will eventually contain...
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TAL Education (TAL): Coronavirus Not a Concern, Big Brands Have Advantage in Online Courses
On the ground, we hear many parents are trying to transfer their offline courses to online due to the spread of Coronavirus. The online courses'...
485 Views
New Oriental (EDU): Stock Up 120% in 2019, But Still 23% Upside Due to Excellent Q2
EDU’s stock price had risen more than 120% in 2019. The growth rate of both students and revenues accelerated in 2Q2020 (ended November 2019). The...
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