EDU: Complying With New Regulations While Managing Growth of Attendees And Utilizations In FY2Q19; Maintain BUY

  • Date: Jan 10, 2019
  • Industry:Education
  • Company:EDU
  • Partial Report:Name: EDU FY2Q19 Preview 01092019.pdf - Size: 0.46M - Free Download
  • EDU: Complying With New Regulations While Managing Growth of Attendees And Utilizations In FY2Q19; Maintain BUY

EDU will report FY2Q19 results on January 22nd before the markets open with an 8am EST conference call. We are positive on EDU into FY2Q19. The Chinese government came out with four different sets of policies regulating the non-State-owned education sector, including the off-school tutoring area. Due to the policies, EDU provided a lower guidance for FY2Q19 at about 22% - 26% Y/Y growth in US dollar terms.

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