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HLG - Investors Bet On Older Offline Plays Among Battered Education Stocks
Hailiang Education Group Inc.
Embattled sector braces for reckoning day in September when all private educators will be required to have government licenses.
China East Education’s rally owes to its newly announced share buyback, as well as growing confidence it will suffer less impact from an ongoing sector crackdown.
Older players like New Oriental and TAL Education also look well-positioned to weather the cleanup.