TAL Education (TAL): Weak 2Q19 as Expected, But Do Not Short It
Do not short TAL merely because of the weak 2Q19 results. TAL has declined 45% in 4 months. The five-year P/E band suggests upside of 17%. We...
416 Views
New Oriental (EDU): Three Positive Signals for Margins in 1Q19 Results
The stock price plunged more rapidly than the indexes this morning due to low net profits after a one-time item, but we believe the market is...
415 Views
New Oriental (EDU): Laws Harm Private Schools? Not This One
EDU is mainly an English school, so the ahead-of-schedule ban and the cancellation of Mathematical Olympiad tests will not impact EDU. EDU is a...
263 Views
Lingochamp (流利说) IPO Review - Fairly Valued but Small Float and Stellar Shareholder Will Help
LAIX Inc (LAIX US) (FKA. Lingochamp) is raising up to US$78m in its IPO. Proceeds from the IPO will be mainly used for research and development and...
570 Views
Koolearn IPO Preview– Don’t Tell Me It’s Another 'Related Party' Story
Koolearn, a leading online college prep test provider in China, majority owned by New Oriental and backed by Tencent, is planning to raise up to...
429 Views