New Regulatory Tightening on Online Education Reads Badly on Koolearn IPO
On November 26, 2018, the Ministry of Education of China released an announcement titled "A Notice with Regard to the Improvement After-School...
590 Views
Koolearn (新东方在线) Pre-IPO - Profitable Online Edu Company but Poor Sentiment Weighs
Koolearn (1373356D HK) is looking to raise about US$200m in its upcoming IPO in Hong Kong. We like the company because it has achieved a decent...
736 Views
EDU & TAL：August Quarter: A Big Gamble and a Small Gamble
● August Quarter results from TAL and EDU contained less surprises than it appeared. TAL beat estimates mainly from structural enrollment change to...
342 Views
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...
420 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...
419 Views