The Republican-controlled U.S. Senate passed a bill that requires US-listed Chinese companies to be audited by the Public Company Accounting Oversight Board will not deter us from endorsing China Distance Education Holdings Limited (DL) as a buy. The obvious undervaluation of DL compared to its peers in the Chinese education services industry should be taken advantage of.
The peer comparison chart below exposed the deep-value quality of China Distance Education Holdings Limited. We are long on China Online Education Group (COE) and Tal Education Group (TAL). It is a