|Bid||3.0800 x 3200|
|Ask||0.0000 x 800|
|Day's Range||3.0700 - 3.3265|
|52 Week Range||3.0700 - 14.1000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.00|
(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.
NEW YORK, NY / ACCESSWIRE / August 27, 2019 / LAIX, Inc. (NYSE: LAIX ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 27, 2019 at 8:00 AM Eastern Time. ...
SHANGHAI , July 30, 2019 /PRNewswire/ -- Colombian President Ivan Duque Marquez started his state visit to China on July 28 , and on the next day he visited LAIX (NYSE: LAIX), "The First Stock of ...
SHANGHAI, July 18, 2019 /PRNewswire/ -- Recently, British Council, UK's international organization for cultural relations and educational opportunities, and Centre for Research in English Language Learning and Assessment (CRELLA) of University of Bedfordshire, a leading research center in the areas of language proficiency and language assessment, have released a joint research study titled Language learning gains among users of English Liulishuo. The study indicates that after an average of 36.88 hours study with English Liulishuo, an AI-powered English learning mobile app, the flagship product of LAIX Inc. (LAIX), 72% of participants improved their test scores, with about 40% of participants progressing at least to the next higher level of the Common European Framework of Reference for Languages (CEFR), guideline used to describe achievements of learners of foreign languages across Europe.
The big shareholder groups in LAIX Inc. (NYSE:LAIX) have power over the company. Generally speaking, as a company...
Deutsche Bank's Depositary Receipts Virtual Investor Conference presentations now available for On-Demand Viewing
LAIX Inc. , an artificial intelligence company in China that creates and delivers products and services to popularize English learning, today announced that it will report its first quarter 2019 unaudited financial results on Tuesday, May 28, 2019, before the open of the U.S.
Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event SHANGHAI , May 13, 2019 /PRNewswire/ -- LAIX Inc. (NYSE: LAIX), an artificial ...
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on May 15th and 16th, 2019
LAIX Inc. , an artificial intelligence company in China that creates and delivers products and services to popularize English learning , today announced that the Company has filed its annual report on Form 20-F that includes its audited financial statements for three years ended December 31, 2018 with the Securities and Exchange Commission on April 18, 2019.
LAIX Inc. , an artificial intelligence company in China that creates and delivers products and services to popularize English learning, today announced that it will report its fourth quarter and full year 2018 unaudited financial results on Wednesday, February 27, 2019, before the open of the U.S.