|Bid||35.33 x 1100|
|Ask||0.00 x 800|
|Day's Range||34.96 - 36.00|
|52 Week Range||21.08 - 39.66|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||73.45|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.21|
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.For decades, NetEase Inc. has been the perennial runner-up to the likes of Tencent Holdings Ltd. in China’s evolving internet landscape. Now it’s betting on a bookish computer scientist to catapult it to the top of the class in the nation’s $36 billion online education market.Zhou Feng, chief executive officer of NetEase Youdao, is charged with helping NetEase escape from under Tencent’s enormous shadow and find life beyond video games. The U.S.-trained software coder handpicked by billionaire founder William Ding Lei is creating an all-in-one learning platform to tap the lucrative space where education and technology overlap. To bankroll that expansion, the company could float Youdao, last valued at $1.1 billion, as soon as this year.Zhou is counting on a decades-old custom. Every summer, millions of Chinese high school students sit through a grueling two-day college entrance exam, or gaokao, that helps determine the course of their lives. That’s why China’s tiger moms and dads have long sent their kids from as early as kindergarten age to private tutoring classes for English, math and sciences.Intense competition has fueled an education boom, particularly targeting the K-12 group that includes students from kindergarten through high school, creating a coterie of multi-billion-dollar corporations. Leading players like New Oriental Education & Technology Group Inc. and TAL Education Group that still rely mainly on in-class teaching have gone public in the U.S. and seen their shares soar. Online startups such as the Tencent-backed VIPKid are still trying to convince parents that digital instruction can be as good, if not better than brick-and-mortar classrooms.Through combining content with the latest technology, Zhou sees a business chance for Youdao, whose name loosely translates to “there’s a way”. Courses can be taught through high-speed live-streaming, enabling smooth communication between teacher and student. Artificial intelligence-powered “tutors” can grade homework and use data to evaluate student test results, he said.“That’s what we have always been good at,” said Zhou, 40, a University of California at Berkeley alumnus with a penchant for blending English words into conversations. “Almost every industry in China has been transformed by the internet, but that’s not yet the case for education.”Revenue for China’s online education market is estimated to have reached around 252 billion yuan ($35.7 billion) in 2018, and is expected to more than double in 2022, with 264 million paying users, according to iResearch.But there’s yet to be a clear winner -- even for top tuition providers like New Oriental, its digital arm Koolearn in 2017 only accounted for less than 1% of the total revenue in the local online teaching market, according to Frost & Sullivan data cited in its prospectus. What sets Youdao apart is its exclusive focus on online and its expansion into education-related hardware. It has launched a slew of products from apps for note-taking and children’s stories to smart devices like a 799 yuan electronic dictionary pen, which allows students to scan printed text and translate it instantaneously.“NetEase’s technology support and the company’s online DNA and roots should make its products more sophisticated than traditional education providers,” said Bloomberg Intelligence analyst Vey-Sern Ling. Still, not having physical classrooms means it could be difficult for Youdao to expand beyond structured, standardized learning or test prep, he said.NetEase could do with a win. Founder and CEO Ding has a master plan for China’s second largest game developer to delve into three sectors including e-commerce, music streaming and online education, but the result is best described as mixed. Its music arm has grappled with rising content costs, as it has to sublicense a large chunk of songs from its much bigger rival, Tencent Music Entertainment Group. Although e-commerce has grown to become NetEase’s largest division after gaming in terms of revenue, it sold its popular import platform Kaola to Alibaba Group Holding Ltd. in a $2 billion deal.That magnifies the importance of Youdao and its leader, with whom Ding shares a long history. Back in 2004, when Zhou was pursuing his doctorate degree in computer science, NetEase’s CEO came across his paper on filtering junk emails, and, ironically, shot him a message that was mistaken as spam. It had no body text but just a subject line: “I’m Ding Lei, I have a technical question for you.”The two eventually got in touch via phone calls, and Zhou worked part-time for NetEase for three years. After earning his doctorate in 2007, he officially joined the company as lead architect for Youdao in Beijing, which at the time was trying to morph from a digital dictionary into a web search engine. To challenge the local leader Baidu Inc., Youdao’s approach was to operate a slew of vertical search services at one time, in everything from news to blogs to maps.Those efforts failed, and in 2012 Zhou decided to close the search operation. “That was when we hit our lowest point,” he said. Zhou shifted the 400-person team to develop learning apps instead.Youdao’s revenue rose 60% in 2018 from a year earlier, while sales for K-12 courses increased three-fold in the same period, he said. Online courses have surpassed advertising as Youdao’s largest income stream, Zhou said.Now of the nearly 2,000 employees Zhou oversees at Youdao, half are teachers and other staffers dedicated to building up its online class portfolio. “Learning is much more difficult than playing video games,” he said.To contact the reporter on this story: Zheping Huang in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
New Oriental Education stock has nearly doubled in 2019. The IBD Stock Of The Day just formed a new base offering a buy point for new investors.
Singapore, U0, based Investment company Flowering Tree Investment Management Pte. Ltd. (Current Portfolio) buys TAL Education Group during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Flowering Tree Investment Management Pte. Continue reading...
It might be of some concern to shareholders to see the TAL Education Group (NYSE:TAL) share price down 19% in the last...
BEIJING , July 31, 2019 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China , today announced that ...
TAL Education earnings and guidance disappointed Thursday after New Oriental Education & Technology broke out Tuesday despite mixed fiscal Q4 results.
- Net Revenues up by 27.6% Year-Over-Year - Non-GAAP Income from Operations down by 7.3% Year-Over-Year - Net Loss Attributable to TAL was US$7.3 million , compared to net income attributable to TAL of ...
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...
SAN FRANCISCO, July 11, 2019 /PRNewswire/ -- Minerva Project, a leading educational innovator and global provider of top-tier educational offerings, today announced the close of its Series C round, raising US $57 million in new financing, bringing Minerva's total capital raised to date in excess of US $128 million. The round was led by Bytedance, one of the fastest growing technology companies, with participation from existing global investors TAL Education Group (TAL), a leading K-12 after school tutoring education services provider, and Yongjin Group, a holding company and private equity investor in various industries. Minerva will use the capital to accelerate access to its unparalleled learning experiences through partnerships with universities and corporations.
Editor's note: "7 of the Best Emerging Markets Stocks to Buy" was previously published in February 2019. It has since been updated to include the most relevant information available.Most investors looking for stocks to buy in 2019 are sticking to the tried and true by opting to own the biggest names on the S&P 500. However, for those with an adventurous streak willing to accept slightly higher risk, the emerging markets currently provide significant value relative to the S&P 500. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) has a price-earnings ratio of 21, meaningfully below the S&P's P/E ratio of 22.15 . Don't care for the P/E ratio? Well, on a price-to-book basis, EEM is trading at a 6% discount. I think you get the point. Emerging market stocks are cheaper than the S&P. Successful investing means you sometimes have to go elsewhere for above-average returns. Which means you've got to eliminate your home-country bias and head overseas where economic growth is accelerating at a much faster pace and value deals are aplenty. Veteran Fidelity portfolio manager Joel Tillinghast had this to say about Japanese stocks:"There's something like 200 U.S. companies in the Russell 2000 Index that have price to earnings under 13. In Japan, there are 1,300."While I realize Japan isn't an emerging market, the same principle currently applies. * 7 A-Rated Stocks to Buy for the Rest of 2019 If you want cheap gains, here are seven emerging markets stocks to buy.Source: Maher Najm via Flickr China: TAL Education (TAL)While the most obvious buy here would be Alibaba (NYSE:BABA), I'm going to go with TAL Education (NYSE:TAL), one of China's leading private educational companies. It provides supplemental education to Chinese K-12 students. I recommended its stock in August 2017 after it went on a 23% run in a single month that summer. Since then, it has gone sideways, despite good runs in April and June. Unfortunately, due to some bad apples in the Chinese tutoring market, the government cracked down on the industry, affecting everyone's stock prices. In its most recent quarterly report, TAL's income from operations soared 71% versus the same period a year earlier. Although analysts have lost some enthusiasm for its stock, 21 analysts have a "buy" or "overweight" rating on its stock. As China continues to grow its middle class, companies like TAL, have an opportunity to benefit from that growth. However, to do so, it has to continue to evolve its marketing practices to recruit new students. That's not a sure thing despite its recent growth. Like all Chinese stocks, I wouldn't bet the farm, but a small nibble won't hurt you.Source: Shutterstock South Korea: KB Financial Group (KB)KB Financial Group (NYSE:KB) is one of South Korea's leading financial institutions. Under the KB Financial umbrella, it operates 12 subsidiaries, including a bank, insurance company, asset and wealth management businesses, and many others.In April, KB announced its Q1 2019 results. Its net operating profit dropped 5.5% year-over-year. but its net interest income climbed 5% YoY. * 10 F-Rated Stocks That Could Break Your Portfolio Although the South Korean economy has slowed, KB Financial gives you an excellent dividend yield above 4% while you wait for KB stock to climb back above $60 where it was a year ago.Source: Shutterstock Taiwan: Chunghwa Telecom (CHT)Chunghwa Telecom (NYSE:CHT) is the largest telecom company in Taiwan. It provides Taiwanese customers with fixed-line, mobile, broadband and internet services. In recent years, it has also begun to invest in technology such as artificial intelligence and IoT platforms. On Jan. 25, it announced an exclusive partnership with Netflix (NASDAQ:NFLX) to promote domestic and international video content in 4k quality to its more than two million multimedia-on-demand customers. The "Netflix Bundle Package" comes with a set-top box and remote control and is expected to grow its customer base. While Chunghwa gets great Netflix content, Netflix's partnership with it will allow the video streamer to grab great Taiwanese content for its global audience. It's a win/win.In the mobile market, Chunghwa had a 36.3% market share as of the end of 2018, one-third more than its next biggest competitor. With an excellent dividend yield of 4.2% and a total debt to total equity ratio of 0.45, it's a much safer investment than AT&T (NYSE:T).Source: Shutterstock India: ICICI Bank (IBN)As emerging markets go, India is one of the most interesting in my opinion, because it has an excellent rule of law compared to China and the like. In March 2018, I picked ICICI Bank (NYSE:IBN) as one of the ten best stocks to buy under $10. IBN has jumped about 40% since then."I believe that India will continue to grow at a faster rate than the emerging markets as a whole," I wrote in March 2018. "Owning the largest private sector bank in India is a good proxy for benefiting from that growth."The bank's first quarter results, announced in May, featured a 26% gain in its core operating profit, 17% domestic loan growth, and a 16% increase in total deposits. * 7 A-Rated Stocks to Buy for the Rest of 2019 ICICI isn't a good Indian bank. It's an excellent global bank that can keep up with any U.S. financial institution.Source: Shutterstock Brazil: Azul (AZUL)Brazil is one of many South American economies that I find very exciting. Sure, the news from Venezuela makes investors nervous about committing investment funds to nations that seem to view the rule of law as if it were written on toilet paper, but despite this, the potential is enormous. Of all the emerging markets in 2018, Brazil had the second-best performance up 18.5% in U.S. dollars and 12% excluding currency, behind only Argentina, which gained 21.1% in U.S. dollars and local currency.Azul (NYSE:AZUL) is the largest airline in Brazil if you go by the number of flights it operates or the number of cities it serves. If you're familiar with the travel app Kayak, it recently named Azul best Latin American airline. The company's traffic jumped over 20% year-over-year in both May and June. In Q1, its EBITDA increased 8% year-over-year.I continue to marvel at how South American companies make money despite crippling inflation. Imagine what would happen if these countries ever got their politics settled. Source: Renate Dodell via Flickr South Africa: Mix Telematics (MIXT)Of all the companies on this emerging markets stocks list, Mix Telematics (NYSE:MIXT) is the one I'm least familiar with; that's not because it's South African but more likely because it has a market cap of just $351 million. I like an excellent small-cap story as much as the next guy. I don't write about them that often. What makes Mix such an interesting company?It's a subscription-based SaaS company that provides its transportation customers with on-the-go vehicle asset management software to ensure their fleets don't disappear. Sure, there's lots of competition in this field, but it appears to be growing, and that's all that matters.In fiscal 2020, analysts, on average, expect Mix to generate revenue of $151.7 million, most of which is recurring subscription revenue, the best kind of revenue. On the bottom line, it's expected to report EPS of 15 cents. "Our attractive combination of strong growth and a highly scalable business model is leading to increased cash generation," said CEO Stefan Joselowitz on Jan. 31. "Our results were driven by ongoing robust demand globally for our services from our customers across all verticals." * 7 A-Rated Stocks to Buy for the Rest of 2019 Source: Shutterstock Russia: Qiwi PLC (QIWI)Russia might be equally as tricky as China in terms of investing, but that doesn't mean there aren't any opportunities. Qiwi (NASDAQ:QIWI) is a Russian online payment company. It began life in 1999 selling pre-paid mobile top-up cards. Four years later it introduced push payments, followed by the QIWI digital wallet, money remittance and many other fintech innovations. I must admit I don't spend much time in the fintech realm but it is one of the world's most significant trends, and so it's crucial to include stocks like QIWI in lists of emerging market stocks to buy whenever possible. Regarding its financials, QIWI has grown its adjusted net revenue over the past five years 21% compounded annually. On the bottom line, it has increased its adjusted net profit by 17% compounded annually over the same period. Its payment services segment generates approximately 86% of the company's overall revenue. It's growing at 20% compounded annually. If you're the speculative type, QIWI should be right up your alley. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post 7 of the Best Emerging Markets Stocks to Buy appeared first on InvestorPlace.
If you've ever gotten shaken out of a long-term winner like Apple stock, here's how to get rich by avoiding mental mistakes.
Taking early profits seemed smarter after the fact than it was at the time, as equity markets sold off, then rallied late. Interestingly, both the Russell 2000 (small caps), and the Dow Transports both lagged the broader indices, meaning to me that the "Trade truce with China trade is not really about a renewed faith in reborn economic growth." Treasuries did not move significantly. Yes, volume was noticeably lower from Friday, but Friday was the day of the Russell Reconstitution, so... "apples and oranges?" Volume in NYSE listed securities printed for Monday at a 12.4% increase over the Monday prior, and for Nasdaq listed securities... 7.7% higher than last Monday.
BEIJING , June 27, 2019 /PRNewswire/ -- TAL Education Group ("TAL" or the "Company") (NYSE: TAL), a leading K-12 after-school tutoring services provider in China , today announced that ...
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Here are four stocks that appear to be at or near a breakout point: Enphase Energy, Inc . (NASDAQ: ENPH ) jumped 88 cents to $17.07 on 4 million shares Tuesday. The supplier of solar microinverters announced ...