HK Connect Ideas -Â April Snapshot (WH Group, Ping An, Geely)
This is a monthly version of our HK Connect Ideas weekly note, in which I highlight Hong Kong-listed companies leading the southbound flow on a...
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China New Higher Education: Negatives Mostly Baked-In
China New Higher Education’s (CNHE) share price has more than halved since my bearish note in June last year. The fall in share price was caused...
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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...
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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...
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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...
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