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HLG - Education Stocks Could Offer Bargains - For Those Who Choose Correctly
Hailiang Education Group Inc.
This week may look like any other for most people, but it has turned into a sudden life-or-death situation for many of China’s private education companies.
Among the roughly dozen U.S.-listed Chinese education companies, three of the largest ones took the biggest hits, with TAL Education, Gaotu Techedu, and New Oriental down 71%, 63%, and 54%, respectively.
One of the groups investors are betting may be most likely to survive the crackdown could be primary school operators.