2024-04-12 13:29:26 ET
Summary
- There has been a positive change in the Chinese regulators' stance on K-12 non-academic learning services, as evidenced by recent draft regulations.
- TAL Education Group is expected to report its Q4 FY 2024 earnings on April 25, and I see the company announcing better-than-expected financial results for the recent quarter.
- I view TAL Education's shares as attractively valued based on a comparison of its EV/Revenue multiple with its medium-term top-line CAGR estimate.
Elevator Pitch
I rate TAL Education Group ( TAL ) as a Buy. Earlier, my January 28, 2024, update reviewed the company's financial results for the third quarter of fiscal 2024 (YE February 29)....
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TAL Education: Focus On Regulatory Development And Earnings Preview