China After-School Tutoring: Still In The Early Innings; Prefer China Beststudy Over EDU
502 Views06 May 2024 11:41
China after-school tutoring remains one of the most attractive and visible sectors in the next 2-3 years time frame. Sector top pick is China Beststudy Education.
What is covered in the Full Insight:
- Overview of China after-school tutoring sector
- Evaluation of China Beststudy Education Group
- Evaluation of New Oriental Education & Technology
- 3978 HK 2023 results recap
- EDU FY3Q24 results recap
Boomeranged on Mon, 3 Jun 2024 13:08
China Beststudy Education (3978 HK) is up 15% today on good volume on the back of raised guidance for FY24 by management. The stock has more than tripled (HKD1.17 to HKD3.9) since my first insight on the name in January this year. I believe further upside remains as it is still not expensive at around 10x 2025 PE.
SUMMARY
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Full Insight
(Paid Plans Only, 3-minute read)
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Steve Zhou, CFA
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- China After-School Tutoring: Still In The Early Innings; Prefer China Beststudy Over EDU06 May 2024
- China Beststudy Education (3978 HK): A Darkhorse Stock In The China Tutoring Sector29 Jan 2024
- New Oriental Education (EDU US/9901 HK): A Better Business Model In The Post "Double Reduction" Era25 Jan 2024
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