Youdao 1Q20: K-12 Paid Enrollments Soar 360% as Gross Margin Expands; Maintain OW (28% Upside)
We maintain our overweight rating on Youdao as decade-long structural trends are brought forward by years and consumers increasingly shift spend to...
116 Views
China Yuhua (6169): Enough Steam for Growth?
China Yuhua Education (6169 HK)has recorded an enviable growth rate through a series of acquisitions, therefore, investors rushed to own the stock...
149 Views
China ADRs Secondary Listing: COVID-19 Has Increased the Tension but Narrowed the Short List
Ever since Alibaba successfully completed its secondary listing in Hong Kong in Nov 2019, markets have been abuzz with news of other companies...
526 Views
GSX Techedu (跟谁学) Short Sell Reports - What Now?
Citron Research published its second and third short sell report on GSX Techedu (GSX US). The company has been under fire. This came about over...
421 Views
TAL Education (TAL): The Wrongdoing Not 3% But 30%
TAL reduced 2020 revenues by 2.6% to eliminate inflated “light class” courses. However, after the revision, operating profits shrank by 29%. TAL...
370 Views