|Bid||1.1700 x 2900|
|Ask||1.1800 x 1300|
|Day's Range||1.1500 - 1.4100|
|52 Week Range||0.9100 - 9.3000|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.15|
(Bloomberg Opinion) -- They were the best of stocks, they were the worst of stocks. They were investments of wisdom. They were investments of foolishness.If you’re a U.S. hedge fund manager, China’s education stocks have been a tale of two cities. A look at 180 U.S.-listed Chinese companies – from Alibaba Group Holding Inc. to BAT Group Inc. – shows that hedge funds have been gravitating toward this sector. (4)Over the past six months, these companies were among the best and worst performers. While mutual and pension funds seek slow and steady returns, hedge funds often try to profit from big bets on sectors or companies in upheaval. Now that China’s internet sector has grown so large, and revenue has started to slow, these investors are looking farther afield for a home run. That makes China’s education sector a tempting target. A three-year boom peaked last year after Beijing issued a series of new regulations, including restricting kindergarten operators from raising funds in equity markets. As my colleague Nisha Gopalan wrote at the time, these rules sent mixed signals about the government’s changing attitude toward private capital in education. Just two years earlier, Beijing was encouraging non-state investment in the sector, which prompted a wave of listings, she noted.Profitability in the education sector is also patchy: More than half of U.S.-listed Chinese education companies posted a loss in their most recent earnings. In terms of stock performance, ATA Inc., which offers online and on-campus education, gained 64% and New Oriental Education & Technology Group Inc., a provider of classes, test prep and camps, climbed 33%. By contrast, Tarena International Inc., which breached Nasdaq listing rules, fell 83% and Ambow Education Holding Ltd, whose net loss widened threefold in the March quarter, slid 63%. While such volatility makes buy-and-hold investors nervous, hedge fund managers see opportunities. The regulatory landscape, meanwhile, is bound to keep shifting. Just last week President Xi Jinping urged the development of vocational training in the country.All this means that hedge funds are likely to continue dominating the education sector. HaiLiang Education Group Inc., for example, has 52% hedge fund ownership, according to Bloomberg data based on publicly reported holdings.(1)The private-school operator returned 86% in the last six months – one of the top performers among all U.S.-listed Chinese stocks – after reporting a 66% increase in fiscal first-half profit. Hedge funds hold 73% of publicly reported shares of preschool operator RYB Education Inc., which was a decided loser (unless you were short), falling 24%. U.S.-listed Chinese stocks lost a market-cap weighted 12% over the period while education stocks gained 9.2%. A concentration of hedge fund ownership could magnify the extreme performances of these stocks. LAIX Inc., a purveyor of online English learning, dropped 22% Tuesday after posting another operating loss and noting that the performance of key products was “unexpectedly weak.”Chinese leaders understand the importance of education in building a prosperous society. Last month, the Communist Party and State Council jointly published new guidelines on education reform: more moral education and physical exercise, less focus on exams. You can imagine savvy school managers rushing to set up centers that cater to the whims of the party as a result. Such changes create opportunities for the private sector to march in time with government policy, and present risks to those who fail to keep up. Yet even without Beijing’s shifting views, this is a crowded sector with lots of companies losing money. For hedge fund managers, it will be the spring of hope and the winter of despair.(1) Of the 180 companies I examined, 15 were education stocks, including companies that run schools, online programs, or provide related technology.(2) Bloomberg collates data based on publicly reported holdings, which may not represent ratios of all shares outstanding.To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Yesterday, students gathered at Stanford University for the finals of Code Quest, an international tournament between American and Chinese students that began with over 5,000 students in China. After three rounds of competition, the top 26 Chinese students qualified for the Code Quest final and were joined by a group of American peers.
BEIJING, May 17, 2019 /PRNewswire/ -- Tarena International, Inc. (TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China, today announced that it received a notification letter from Nasdaq Listing Qualifications ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to timely file its Annual Report on Form 20-F for the year ended December 31, 2018 (the "2018 Form 20-F").
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But the last three years have been particularly tough on longer term Tarena International, Inc. (NASDAQ:TEDU) shar...
BEIJING , March 11, 2019 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China , today ...
NEW YORK, NY / ACCESSWIRE / March 11, 2019 / Tarena International, Inc. Sponsored ADR Class A (NASDAQ: TEDU ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held ...
BEIJING , Feb. 18, 2019 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China , today ...
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Tarena International, Inc. (NASDAQ:TEDU) has recently paid dividends Read More...
BEIJING, Dec. 10, 2018 /PRNewswire/ -- Mr. Shaoyun Han, the Chairman and Chief Executive Officer of Tarena International, Inc. (TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China, today informed the board of directors (the "Board") of the Company that he has entered into a Share Purchase Agreement (the "SPA") with Banyan Enterprises Limited and Banyan Enterprises A Limited (together, the "Purchasers"), pursuant to which Mr. Han agreed to sell a total of 847,817 Class A Ordinary Shares of the Company for a purchase price of US$7.077 per share (or US$6,000,000.00 in the aggregate) to the Purchasers (the "Transaction"). According to Mr. Han, the purpose of the Transaction is to repay his personal loan borrowed earlier to purchase Tarena's Class A Ordinary shares.
Third Quarter Net Revenues up by 23.2 % Year-Over-Year Third Quarter Student Enrollment of adults up by 20.1% Year-Over-Year Third Quarter Student Enrollment in kid education programs up by 308.6 % Year-Over-Year ...
BEIJING , Oct. 30, 2018 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education services in China , today ...
The big shareholder groups in Tarena International Inc (NASDAQ:TEDU) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have Read More...