High School Enrolment Reform at Shanghai Pushing Students to Tutoring and Private Schools
Shanghai Bureau of Education (SBE) distributes selective high schools’ enrolments to non-selective middle school students. We believe the new...
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EM Equity Strategy: Overweight BRIC
Emerging markets continue to outperform developed international equities, and within EM, the BRIC country grouping remains leadership. In addition...
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TAL Education: Policy Headwind and Restructuring Risks
This note is not intended to be a preview of TAL Education Group (TAL US) FQ4 2018 (ended Feb 28, 2018) in coming weeks. Recently, management has...
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OneSmart Education IPO Preview: Smarty Pants
Carlyle group backed Onesmart Education (1512058D CH) is planning to raise c$200mn in an IPO planned for listing on March 28. OneSmart is a leading...
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Sunlands Education IPO Review - Too Little Info on the Source of Its Growth Driver
Sunlands Online Education Gr (STG US) is looking to raise about US$163m from its upcoming IPO. Proceeds raised will be mainly used for the research...
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