BIDU - TAL Education Group: The Beginning Of The End
- TAL’s decision to end the tutoring services to students from kindergarten through ninth grade (K9 Academic AST Services) is likely to disrupt its business operations in 2022.
- TAL's net income has grown 21.82% from 2017 to $334.4 million in May 2021 but declined 19% in the year leading to May 2021 offsetting the previous gains.
- With educational companies giving the end of December 2021 as the deadline, the related-party transaction ban will not be hard to implement even at local government levels.
- As of Q4 2021, total assets had more than doubled year-on-year to $12.112 billion with cash close to $6 billion.
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TAL Education Group: The Beginning Of The End