Kepei Education IPO: The Teacher Achieves Higher Margin Than Pure Businessmen
Summary Kepei’s operating margin is higher than all four Chinese colleges listed in Hong Kong. We believe Kepei’s advantage comes from the...
629 Views
Take Profit on CNHE: Priced for Perfect Execution?
CNHE has been amongst my favorite newly-listed education stocks. The stock has gained about 75% since my last two pieces in early...
378 Views
China Xinhua Edu IPO Review - Re-Rate in Valuation Will Have to Come from Acquisitions
China Xinhua Education (CXE HK) is raising about US$166m in its upcoming IPO. Proceeds raised will be mostly used for acquisition, improvement of...
558 Views
China Xinhua Education IPO Preview: Unexciting Compared to Peers
China Xinhua Education (CXE HK) will shortly list in Hong Kong. At the mid-point of the IPO price range, HK$2.83-3.69 per share, China Xinhua...
738 Views
Huali University Group IPO Preview:Â Falling Enrolment and Weaker Margins Mean Premium Unlikely
Huali University Group (HLUG) is amongst the biggest private vocational education provider in South China in terms of enrolment. It has about...
514 Views