New Oriental HKEX Listing: An Attractive Growth Profile but Expensive
In this note, we take a quick look at New Oriental Education (EDU US)'s fundamentals and the valuation ahead of its HKEX listing.
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New Oriental Hong Kong Secondary - Might Be Relatively Small
New Oriental Education (EDU US) plans to raise around US$1bn in its secondary listing in Hong Kong. While the company has filed its PHIP, the exact...
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China Internet Weekly (26Oct2020): BABA Bought Sun Art, Foxconn Sold BABA
Alibaba (BABA) became the largest shareholder of Sun Art (6808 HK). Foxconn (2354 TT) sold all shares in Alibaba (BABA). New Classics Media...
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TAL Education (TAL): Negative Surprise in 2Q21
The 2Q21 revenue growth rate was lower than the market consensus and our expectation. Operating profit turned negative. TAL took more online...
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TAL Education (TAL): App User Base Bounced, While Competitors Shrank in F2Q21, Upgrade to Hold
The monthly active user bases bounced during the summer vacation, while competitors’ users shrank. This is positive for forthcoming 2Q21 result.
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